Comprehensive Marine Insurance Policy for Businesses

Protect your shipments, cargo, and transit goods from loss or damage with a customizable marine insurance policy designed specifically for businesses.

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Significance of Marine Insurance

Marine coverage is vital for trade and transport enterprises. It insures cargo and products against losses due to accidents, theft, fire, or natural disasters during transit—by land, air, or sea. With flexible coverage, your enterprise stays safe from disruptions, ensuring smooth operations. Choosing the right policy allows you to trade confidently, knowing your shipments are secure.

Protect What Drives Your Business

Gain financial stability and reduce risks with robust marine protection insurance.

Financial Protection

Marine insurance shields your goods and cargo from financial losses caused by accidents, theft, fire, or natural calamities during transportation—keeping your business financially stable.

Business Continuity

With marine insurance, recover losses easily, maintain supply chains, and prevent disruptions from damaged or delayed cargo.

Risk Management

A comprehensive marine insurance policy effectively mitigates transit-related risks, including collisions, piracy, and weather-related damage, safeguarding your logistics operations from start to finish.

Customer and Partner Confidence

Reliable shipping protection builds trust among customers, suppliers, and partners, assuring safe transportation and liability coverage.

Legal & Contract Compliance

Effortlessly comply with domestic and international shipping regulations and contractual obligations without penalties or litigation.

Peace of Mind

Trade with confidence knowing your cargo, products, and transport units are protected from unexpected transit hazards, enabling predictable growth.

Who Really Needs Marine Insurance?

Discover the industries that gain maximum protection and peace of mind with comprehensive marine insurance.

Have you considered who truly needs all-inclusive marine insurance? It extends beyond large corporations—SMEs across industries utilize marine insurance to safeguard cargo and products during transit.

Importers and exporters require marine insurance to protect shipments from losses due to accidents, adverse weather, piracy, or theft. This coverage ensures raw materials and finished products are delivered securely, facilitating smooth production. Wholesale, retail, and online businesses benefit from protecting their supply chains and avoiding significant inventory losses. Additionally, transport services and freight forwarders rely on marine insurance to provide dependable service and build client trust.

In simple terms, if your business involves shipping, receiving, or transporting products—locally or internationally—investing in a tailored marine insurance policy protects your trade and operations from unforeseen interruptions.

Types of Coverages under Marine Insurance

Cover your cargo, goods, and shipments against loss, damage, or delay during transit

Cargo Insurance

Covers goods in transport against loss or damage from accidents, natural calamities, or theft.

Hull Insurance

Protects ships, boats, and hull structures from damage due to collisions, stranding, or adverse weather.

Freight Insurance

Covers financial losses from freight charges if cargo is damaged or lost during transit.

Transit Insurance

Safeguards goods and materials from risks during transport via sea, air, or land.

Liability Insurance for Marine Operations

Includes coverage against legal actions arising from third-party damage or physical injury during maritime transportation.

Marine Delay Insurance

Covers losses due to shipment delivery delays caused by covered perils.

How Marine Insurance Works

Understand the process of securing, managing, and claiming protection for your goods efficiently.

Assess Your Shipments & Cargo

Identify and evaluate all goods and shipments requiring protection during transit.

Choose Suitable Coverage

Select marine insurance plans that match your cargo type, shipment route, and risk exposure.

Get Policy Issued

Submit necessary shipment and business details, receiving policy confirmation with clear coverage terms.

Claim When Needed

Report any loss, damage, or delay promptly, and receive efficient claims support.

Frequently Asked Questions

Clear answers to common questions about marine insurance, coverage, claims, and benefits for SMEs and business owners.

What is Marine Insurance?

Marine insurance covers loss or damage to goods, cargo, ships, and transit materials during transportation by sea, air, or land.

Why is Marine Insurance important for SMEs and corporates?

It protects businesses from financial losses caused by accidents, theft, natural disasters, or delays during goods transit.

What types of Marine Insurance are available?

Common types include Cargo Insurance, Hull Insurance, Freight Insurance, Transit Insurance, and Liability Insurance for marine operations.

Who should have Marine Insurance?

Importers, exporters, manufacturers, logistics companies, freight forwarders, retailers, and wholesalers who transport goods benefit most from marine insurance.

What does Cargo Insurance cover?

It covers goods in transit against loss or damage caused by accidents, natural disasters, theft, or mishandling.

What is Hull Insurance?

Hull insurance protects vessels and ships against damage from collisions, grounding, adverse weather, or other maritime perils.

Can Marine Insurance cover delays in transit?

Yes. Marine Delay Insurance can be added to cover losses due to shipment delays caused by covered perils.

How is the premium for Marine Insurance calculated?

Premiums depend on shipment value, cargo type, transit route, mode of transport, and overall risk profile.

How does the claim process work?

Notify your insurer promptly, submit the required documentation, and cooperate during the survey and settlement process.

Can Marine Insurance be customized for my business?

Yes. Policies can be tailored with coverage extensions and add-ons to meet your specific cargo and transit requirements.

Have Questions? We're Here to Help

Customer Support

+91 86 8198 8198

Enquiries

Retail: onlinepolicies@policyparivaar.com

Corporate: business@policyparivaar.com