D-02Specialist
Marine, Cargo & Transitinsurance.
Cover for goods while they move by road, rail, sea or air.
01 · The exposure
Goods in motion are goods at risk.
Marine cargo and transit insurance is designed to cover goods against loss or damage while they are being transported, whether you import, export or move stock between locations within Australia. Cover can be arranged per shipment or on an annual basis.
02Scope
What this covercan respond to.
A general guide. What a particular policy covers depends on its wording, limits, conditions and exclusions, and on what is declared to the insurer.
- 01Loss of or damage to goods during transit, subject to the policy terms
- 02Import and export shipments by sea and air
- 03Domestic road and rail transit
- 04General average contributions, where applicable to sea freight
03What we look at
Where the detailmatters.
Incoterms
Who carries the risk, and when it passes, depends on the terms of sale. That determines whether you need to insure a shipment.
Carrier liability is limited
Carriers’ liability for lost or damaged goods is often heavily limited by contract and convention. Relying on it alone can leave a large gap.
04 · Before we talk
Questions yourbroker will ask.
Having these answers to hand makes the first conversation faster and the submission to insurers stronger.
- What do you move, how, and between which locations?
- What is the typical and maximum value of a single consignment?
- On what terms do you buy and sell goods?
05 · Questions
Frequently asked.
Isn’t my freight forwarder responsible?
Their liability is usually limited and may not reflect the value of your goods. Cargo insurance is designed to fill that gap.
Related cover
Commercial Motor & Fleet
Cover for business vehicles, from a single ute to a full fleet.
Commercial Hull
Cover for commercial vessels and the liabilities of operating them.
Business Package
Several core business covers combined into one policy.
Commonly part of programs for transport & logistics.
Talk marine, cargo & transitthrough with a broker.
A short conversation is usually the fastest way to know where you stand. No obligation, and no form required if you would rather call.
Or call 1300 513 652, answered 24/7