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Marine Insurance

  • Cargo
    Any good that is loaded onto any mean of transport for the purpose of being transported from one point to another can be insured under cargo insurance policy. The various types of Cargo insurances available are as follows:
    • Specific Cargo Insurance Policy - protects each shipment, sent by sea or air, from any one place to any one place in the world, against various risks.
    • Open Cargo Policy - affords automatic and continuous protection to insured's all import and export cargo shipments, sent by any means of transport, on agreed terms.
    • Inland Transit Insurance Policy - covers cargoes dispatched overland from one place to another.
    • Carrier's Liability Insurance Policy - affords protection to hauliers/transporters against their legal liability for loss or damage to goods whilst in their care and custody.

  • Pleasure craft (Yachts or Boats)
    The various types of Pleasure Craft insurances available are:
    • Comprehensive Yacht Insurance Policy - protects the insured's vessel against sea perils including liabilities towards third parties.
    • Third Party Liability - protects the insured for their legal liabilities as an owner of pleasure craft/Yacht in respect of claims made by third parties for bodily injury and property damage.

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