Marine Insurance protects goods, cargo, vessels, and other insurable interests against loss or damage during transportation by sea, air, road, or rail, depending on the policy. It helps businesses manage the financial risks associated with shipping and logistics.

Marine Insurance is suitable for importers and exporters, manufacturers, distributors, traders, logistics companies, freight forwarders, e-commerce businesses, wholesalers, and shipping companies. Any business transporting goods can benefit from Marine Insurance.

Depending on the policy, Marine Insurance may cover loss or damage to cargo, fire and explosion, theft, collision, overturning of transport vehicles, general average contributions, loading and unloading risks, and natural perils such as storms (subject to policy terms). Coverage depends on the selected policy and insurer.

Common types include Marine Cargo Insurance, Open Cover Marine Insurance, Single Transit Marine Insurance, Inland Transit Insurance, Hull Insurance, and Freight Insurance. The right policy depends on your shipping requirements.

Marine Cargo Insurance protects goods while they are being transported by sea, air, road, or rail against covered risks during transit. It is one of the most commonly purchased marine insurance policies for businesses involved in trade.

A Single Transit Policy covers one specific shipment from origin to destination. An Open Cover Policy provides ongoing protection for multiple shipments over a specified period, making it suitable for businesses that transport goods regularly.

Yes. Marine Insurance can cover international imports and exports, subject to the agreed transit route, destination, and policy terms.

Yes. Inland Transit Insurance is designed to cover goods transported within the UAE by road or other approved modes of transport, subject to the policy conditions.

Common exclusions may include ordinary leakage or wear and tear, inadequate packing, delay in delivery, intentional acts, war and terrorism (unless specifically covered), and losses excluded under the policy wording. Always review the policy schedule and exclusions carefully.

Premiums are generally based on the type of goods, cargo value, mode of transport, shipping route, packing method, frequency of shipments, claims history, and coverage selected.

Insurers commonly request the commercial invoice, packing list, shipping details, bill of lading or airway bill, cargo value, description of goods, and destination details. Additional documentation may be required depending on the shipment.

If cargo is lost or damaged, notify the insurer immediately, preserve the damaged goods where possible, arrange a survey if required, submit transport documents, invoices, photographs, and supporting evidence, and cooperate with the insurer throughout the claim assessment process.

Institute Cargo Clauses are internationally recognised standards that define the scope of Marine Cargo Insurance cover. Clause (A) provides the broadest level of cover, subject to policy exclusions. Clause (B) provides a more limited range of insured risks, while Clause (C) offers basic cover for specified risks. The appropriate clause depends on the nature of the goods and the level of protection required.

Yes. Marine Insurance can often be tailored based on cargo type, shipping frequency, transit routes, packaging methods, annual turnover, special project shipments, and required coverage limits. Customising your policy helps ensure it reflects your business's shipping activities.

When comparing Marine Insurance policies, consider the scope of cargo cover, transit modes covered, Institute Cargo Clauses offered, deductibles, policy exclusions, claims process, geographic coverage, and the insurer's experience with marine risks. Comparing multiple insurers helps businesses choose a policy that provides appropriate protection for their cargo and supply chain.