Marine Insurance
Importance of specific transit insurance policy – Infographic Specific transit marine insurance offers wide coverage to the transported shipment against a wide range of perils which may result in huge financial loss. The below infographic explains the importance of specific transit insurance and why you should consider buying this policy. Importance of specific transit insurance […]
Marine insurance is a comprehensive and extensive domain in insurance with a wide scope of coverage.There are various types of marine insurance and businesses can customize these policies as per their needs. The policy can provide open coverage to large exporters whose business involves routine shipping over a specific period. If your business demands occasional […]
The Marine Insurance policy can be taken by buyers, sellers, import/export merchants, contractors, banks—or anyone engaged in the import and export of goods or transportation of it within the country. There are different types of policies that are included in this policy like the marine hull insurance which is beneficial for ship owners. Cargo insurance […]
Being a freight forwarder, you are responsible for the damages or lost goods during a transit and in such cases, you might get sued against damaged goods. In order to be on the safe side, a freight forwarder should always ask its clients to buy cargo insurance. Clients should buy cargo insurance as it is […]
Marine insurance is needed when the risks are associated with marine activities. These marine activities can include transportation by oceans and waterways or other means and mediums, building or maintaining water-going vessels, ships or submarines, etc. Some of the major reasons which make the purchase of marine insurance necessary. a. The occurrence of natural […]
Insurance is an important protection for any business activity. Marine insurance is the oldest form of insurance that is essential to boost trade which ultimately leads to economic growth. Any business that is engaged in trade including the import and export of goods is exposed to a variety of risks that can result in loss […]
A marine insurance policy plays an imperative role by covering you against various losses or damages which may arise due to different kinds of perils like- Man-made calamities like theft, piracy, etc. Natural calamities like earthquake, cyclone, lightning, etc. In various cases, a marine insurance policy also covers expenses, like forwarding costs, reconditioning costs, survey […]
Yes, buying specific transit cargo insurance is worth it as it is a protection tool to cope up with damages to cargo during transit. If something goes wrong during a voyage, you can restore your financial stability with the right cargo insurance cover. Specific transit cargo is the best-fit insurance cover for those who send […]
In case of loss or damage to goods (falling under this policy), the insured and/or their agent should immediately notify the insurance company (notice of loss) or the insurance agent mentioned in their policy and provide the insurance company or the agent the full details of the loss. An insured and his agent/agents have the […]
Insurance is needed to maintain the financial integrity of your life and business. Marine insurance, by this definition, will be needed if the risks you seek cover from are related to marine activities, such as: Transportation through oceans and waterways The building, maintaining or operating water-going vessels, ships, or submarines, etc. An extended branch of […]
