Transporting goods involves threats, especially for long-distance shipping. Destruction or disappearance of merchandise along the course of conveyance can lead to tremendous financial harm for enterprises and citizens alike. Goods Transportation Insurance stands out as the most economical selection of commercial transportation cover types. Investing in cost-effective transport insurance is beneficial for a business to […]
How to keep the premium of Inland cargo insurance low?
Deciding on a marine insurance coverage suitable for the business is not an easy task. Specifically, for businesses that operate in the shipping industry and involves the transportation of goods, it is important to have the right and comprehensive marine insurance coverage to safeguard themselves from the financial losses that they may suffer due to […]
Video- What is the right price to buy Specific Transit Insurance Policy?
The Right price to buy Specific Transit Insurance In this short video blog, we will delve into the topic of determining the right price to buy Specific Transit Insurance policy. As businesses and individuals involved in transportation and logistics face the constant risk of loss or damage to goods during transit, finding the optimal price for […]
Right price to buy transit insurance – Infographic
There are many general insurance companies which offer specific transit insurance. These companies charge different premiums based on the coverage and benefits opted for. There are a few factors to consider when determining right price to purchase Transit Insurance: Value of the goods being transported: The value of the goods being transported will impact the […]
What is the right price to pay for a Specific Marine policy?
Marine insurance is an important requirement for businesses when shipping their goods. By having adequate marine insurance cover, businesses can protect themselves from the possible financial losses that may arise due to an unexpected event or marine perils. But what is the right price to pay for a Specific Marine Insurance Policy? While availing marine […]
What are the factors that decide premium of Marine Insurance policies?
Businesses involved in the export of goods by way of ships should invest in suitable marine insurance. An adequate marine insurance cover can protect businesses from incurring possible financial losses that may arise due to an unexpected event or marine perils. So what are the factors that decide the premium of Marine Insurance policies? When […]
How is marine insurance premium calculated?
It is important to deliberate on the premium of marine insurance policy because it directly impacts the cost of protecting goods during transportation. A lower premium might seem attractive initially, but it can lead to inadequate coverage and potential financial loss in the event of damage or loss of goods during transit. On the other […]
Do Past Claims Cause Higher Premium in Marine Policy?
Yes, your past claims impact the premium of your present marine insurance policy. In a situation where your claims have been high, the existing marine insurance company may increase your premium at the time of policy renewal. However, in case you are approaching a new insurer, your insurance premium might be somewhat lower, but it […]
How to Reduce Marine Cargo Insurance Premium Rates?
Whether you ship containers occasionally or you have an import/export business that regularly deals with large quantities of goods over a long distance, marine cargo insurance is imperative for the smooth functioning of the business, which may expose you to various risks. Catering to the needs of both importers and exporters, the marine cargo insurance […]