The marine industry serves as an important connection bridge in international trade, and the cargo vessels are the most efficient, and probably the only means to transport large volumes of finished goods and commodities. In a global economy, bulk carriers are crucial, as they cover a huge range of products. For instance, Coal, Sulphur, Cement, […]
Steps taken to Buy a Marine Insurance Policy
If you are looking to buy a marine insurance policy, here are the steps that you need to take: Choose the Marine Insurance Cover Select your Broker or Insurance Company. A broker can provide you with multiple insurer options and also help to customize the available options to suit your needs and budget Fill out […]
Everything You Should Know About Marine Insurance
Marine insurance policy plays a very important role in safeguarding business interests of import export firms. See the infographic to know the type of covers available for different trade activities, the perils that such insurance will cover and not cover, and the add on perils that you can buy by paying an extra premium for […]
Small Consignment? Should You get bothered by buying Marine Insurance?
The Indian economy has secured a good rank in the world of export and import business. The organizations thus involved in these import activities will not only help India to strengthen ties with other countries but will also assist to move forward towards more socio-economic developments. As a matter of fact, to keep the flow […]
About Touch and Stay Clause in Marine Insurance Policy
At the time of taking a marine insurance policy, it is necessary to mention the name of both the departure and destination ports, which comes under the touch and stay clause. What is the Touch and Stay Clause in marine policies? As per the touch and stay clause in marine insurance, the ship should stay […]
How to Decide the sum Assured in Specific Transit Insurance Policy?
The specific transit insurance policy offers coverage for cargo or goods carried through various modes of transport. This insurance policy offers protection to any consignment for one trip. This means that the protection ceases for this transit insurance policy as soon as the cargo reaches its destination. The major benefit of this specific transit insurance […]
What is Limited Carrier Liability Cover in Export & Import Insurance?
Limited liability of the carrier to export or import goods safely can cause financial loss. Read more about choosing the right export-import policy for your business.
Hazards of Shipping Goods by Sea and How Marine Transit Insurance Can Help You?
Indeed, oceans connect continents in the world and therefore, offer wonderful opportunities for transporting goods. However, while the ocean gives good means for exporting goods, many hazards go along with sea transport. But if you buy marine transit insurance, it will be easier to combat risks. Risks which go with sea transport and how marine […]
How can SecureNow help you with marine insurance Policies?
SecureNow, a leading corporate insurance advisor, is a progressive insurance brokerage firm specializing in a wide range of insurance policies, including individual and corporate insurance policies. If you are looking for a marine insurance policy to cover your business against a myriad of risks that are associated with the transportation of goods via different modes […]
What are the various kinds of Marine Losses?
It is possible to divide marine losses under the following head- Total Loss= It can be further segmented into the below categories: Actual Total Loss- It happens when- Goods damages completely Goods damaged beyond repairing The policyholder is deprived of the insured subject The ship is missing, and there is no trace of it In […]