What is Marine Cargo Insurance?
Marine cargo insurance provides protection for goods being transported by sea, air, rail, or road. In Australia, this type of policy covers loss or damage to cargo during transit, whether it’s imported, exported, or moved domestically. It is an essential safeguard for businesses involved in trade, logistics, or shipping, ensuring goods are financially protected from departure to delivery.
What Does Marine Cargo Insurance Cover?
Typical features of marine cargo insurance Australia include:
Types of Marine Cargo Insurance in Australia
Single Transit Cargo Insurance
Provides cover for a one-off shipment, either within Australia or internationally. This option is suited to businesses that move goods infrequently.
Annual Marine Cargo Insurance
Covers multiple shipments over a 12-month period, offering convenience and cost savings for businesses that transport goods regularly.
Import and Export Cargo Insurance
Tailored for businesses involved in international trade, covering goods shipped from overseas suppliers to Australia or from Australia to global destinations.
Domestic Transit Insurance
Protects goods moved within Australia by road, rail, or coastal shipping. This form of marine cargo insurance Australia is ideal for manufacturers, wholesalers, and distributors.
Specialist Cargo Cover
Customised insurance for high-value or sensitive goods such as perishables, pharmaceuticals, or machinery. Includes options for temperature-controlled cargo or project-specific shipments.
Why Consider Marine Cargo Insurance?
Moving goods across long distances involves risks outside your direct control, from severe weather to handling errors. Without insurance, loss or damage can create significant financial hardship. Marine cargo insurance Australia provides protection against:
