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Importance of specific transit insurance policy – Infographic

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 […]

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Why do I need a specific marine policy?

Marine insurance is a comprehensive and extensive domain in insurance with a wide scope of coverage. There are various types of marine insurance which can be customised as per the needs of any business. The policy can provide open coverage to large exporters whose business involves routine shipping over a specific period. If your business […]

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Who can buy Marine Insurance?

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 […]

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Why is marine insurance necessary?

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 […]

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Why is Marine Insurance important?

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 […]

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What is the Scope of Marine Insurance?

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 […]

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Is it worth buying specific transit cargo insurance?

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 […]

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Why do You Need Marine Insurance?

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 […]

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