MARINE CARGO
INSURANCE
If your business takes you across the seas, you can be exposed to risks from mother nature, misadventure and even piracy. Such risks can prevent your commercial vessel, cargo or truck from reaching its destination, or cause costly damage during the voyage. Marine transit insurance refers to a range of insurance products which help protect your business from loss or damage to vessels and cargo. It can cover
the door to door delivery of goods worldwide, by sea, road, rail and air – including their storage on the way. Package your marine cargo insurance as part of your business insurance policy.
Marine transit insurance is important for businesses involved in shipping or receiving goods, operating watercraft commercially, repairing vessels, running a marina and more.
DEPENDING ON THE TYPE OF POLICY YOU CHOOSE, MARINE CARGO INSURANCE POLICIES CAN COVER:
â–º Goods transported by sea, air, rail or road from collection point to delivery
â–º Marina operators, yacht clubs, ship repairers, port authorities and other marine service providers against third-party injury and property damage
â–º Loss or liability for commercial vessel operators, such as charter or tourist boats, fishing vessels, tugs or barges
â–º Trucking or logistics companies who transport goods within Australia
1597 MILLION
1,597 million tonnes of cargo is moved across Australian wharves in 2015–16.
$2.89 BILLION
The value of Australia’s exports by sea was $218.9 billion in 2015–16.
99%
99% of Australian exports use sea transport.