Who should consider it?
Marine & Cargo insurance is important for businesses involved in shipping or receiving goods, operating watercraft commercially, repairing vessels, running a marina and more.
Marine & Cargo insurance can provide valuable cover on both land and sea for:
- Freight forwarders
- Importers and exporters
- Marina owners
- Mining companies
- Primary producers
- Removalists
- Tourism operators
- Wholesalers
What can it cover?
There are different types of marine-related insurance policies – the type you choose will vary based on your specific needs.
Depending on the type of policy you choose, marine insurance policies can cover:
- Goods transported by sea, air, rail or road from collection point to delivery
- Marina operators, yacht clubs, ship repairers, port authorities and other marine service providers against third-party injury and property damage
- Loss or liability for commercial vessel operators, such as charter or tourist boats, fishing vessels, tugs or barges
- Trucking or logistics companies who transport goods within Australia
- Pleasure crafts, such as yachts or cruisers for accidental damage, theft, sinking, property damage and even third-party injury for water skiers
What isn't cover?
There are exclusions. There is also often a deductible or excess and limits on cover, so check with your Lesure insurance broker.