Marine insurance plays a vital role in international and domestic trade. A customised marine insurance policy provides complete protection against all the named and unnamed perils related to the shipping business. Marine insurance provides financial protection against the loss or damage caused to the ship, cargo, and terminal by which property is acquired, held, and […]
What is a special cargo insurance policy in Marine insurance?
An adage, ‘’Prevention is better than cure,’’ holds good for businesses involved in shipping. Cargo shipping poses risks like theft, damage, and human error, necessitating coverage for natural disasters and mechanical failures. With advanced technologies and new developments in international trade, the risk to cargo shipping has increased. The shipping industry is growing with the […]
How to ensure umbrella coverage in online marine Insurance?
The history of marine insurance dates back to ancient trading days. Being the oldest insurance, the marine insurance policy provides protection to businesses in the trading and shipping industry against various named and unnamed marine risks. Unique and broad risks threaten these businesses, with unforeseen events having potentially devastating financial consequences. Hence, it is important […]
Video- What are the important features of Specific Transit insurance?
What are the important features of Specific Transit insurance? Welcome to our short video blog on the important features in Specific Transit Insurance. Through a compelling case study, we’ll showcase how these features act as true saviors for businesses. Discover how comprehensive, tailored policies, and prompt claims handling provide businesses with peace of mind, protecting […]
What is Barratry in Marine Insurance, Maritime Law & Regulations Governing It
Barratry is the legal term describing severe or willful misconduct by the captain or crew of the ship that would include loss or damage to the ship or cargo. Marine insurance plays a crucial role in protecting you against the risk of damage or loss to the cargo or ships by which the goods are transferred, […]
What is Freight Demurrage and Defence insurance (FD&D) in Marine Insurance?
When it is about securing goods transported from one destination to another, you would want to get them insured before they leave the shore. This is where marine insurance policies come into the picture to provide adequate insurance coverage. If you are thinking transit insurance is as easy to understand as any other type of […]
Incoterms in Marine Insurance: All You Need to Know
Within global trade, goods cross borders to make businesses flourish over time. Depending on the scale at which a business operates, it forms a part of the larger development cycle of the nation. The opportunity to tap into international markets attracts many business owners in our country. But it also makes dubious about various sides […]
Who is Covered Under Multimodal Transport Operator (MTO) Insurance Cover?
Every business has its own legal and client-related liabilities that require careful consideration. The same holds true for transport operators providing national and international logistics solutions to clients from different industries. In particular, the challenges related to the work of Multimodal Transport Operators or MTOs are quite complex. They are engaged in transporting goods via […]
Key Benefits of Buying Transit Insurance Online
Mr. Shah has been in the business of selling antique woods and wooden items in India and dealt with both national and international clients. He received a big order for some specific wooden items from an International client in the United States. Once he had the products ready, he carefully checked the packaging process and […]
What is an Air Freight or Air Cargo Insurance?
Air freight is the term for when there is a shipment of goods or cargo via an air carrier. For this reason, air cargo is another common term for air freight. It is very important as it enables the transport of express shipments across the world. Often the transport of cargo across the globe takes […]