There are many general insurance companies which offer specific transit insurance. These companies charge different premiums based on the coverage and benefits opted for. The below infographic explains various factors that affect specific transit insurance premiums and the right price to buy this 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 […]
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 […]
Marine insurance premium either increases or decreases based on the risk estimates made by the insurance provider. The major parameters which are involved in the determination of the premium of the marine insurance policy are listed below. a. Natural forces Natural forces or natural calamities like floods, high tides, etc. are permanent and unchanging. However, […]
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 […]
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 […]