Marine Cargo Insurance

All Risks Cover, Place to Place, By Any Transport Mode

What is Marine Cargo Insurance?

Marine Cargo Insurance covers property while in transit. This form of business insurance is not just applicable to sea transit, but also air (including courier) and land transportation (road and rail).


Do I need Marine Cargo Insurance?

With today’s cross-border nature of trade and internationalization of business, the movement of goods across the world comes with certain risks. For companies dealing with freight forwarding, shipping, trading or manufacturing, insurance coverage is critical in safeguarding your investment in goods for domestic and international shipments.

Relevant policies allow for the smooth day-to-day running of your business by providing the financial security of being covered against potential losses which may occur during air, sea or land transportation.

Looking for Marine Cargo Insurance?

What does Marine Cargo Insurance cover?

At the most basic level, this covers the loss or damage of goods when being transported from one destination to another. Depending on your requirements, we tailor our insurance policies to suit your circumstances. This can include, but is not limited to the following:

Our Azure Risk team is backed by years of experience in the logistics industry. Working with you, we assess the risks involved in importing or exporting goods across the stages of transportation, and identify complexities that may arise which could leave you vulnerable to financial loss.

War Risks Insurance

Our War Risks and P&I insurances dovetail with one another, avoiding the risk of gaps in cover and ensure a consistent approach to claims. They are designed to protect ship owners, ship managers, cargo owners and charterers from war risks and piracy worldwide.

For cargo owners, our insurance can be used to cover the cargo whilst trading in high-risk areas which are not automatically covered by general cargo insurance.

For ship owners, our insurance includes separate limits for P&I and Hull & Machinery; and provides cover for detention or diversion expenses.

Related Perspectives

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What is cargo insurance, and what makes a good policy?

Cargo insurance is a policy that indemnifies you against loss and damage to cargo either through shipments by air, sea or land. A good cargo insurance policy isn’t restrictive. It should be flexible to allow for adjustments, such as enabling you to respond to current shipping delays. We make sure that happens.

Three cargo insurance misconceptions

Three common cargo insurance misconceptions:

#1 “All policies are created equal.”

#2 “Cargo insurance is confusing.”

#3 “It’s just a cost, and why should I pay for it?”

We’re with you every step of the way, and we’ll guide you to ensure the policy suits your shipping requirements.

Where we see the majority of cargo insurance claims

With ongoing shipping delays, there’s a greater risk of exposure at sea or port and related damages (water damage, theft) as it’s taking longer for transits to occur. General Average incidences are on the increase (Ever Given Suez Canal blockage and Zim Kingston fire). Most policies cover GA, but you need to ensure GA guarantee is issued very quickly.

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