Marine insurance is one of the oldest specialist insurance markets in the world, and it still splits cleanly into three distinct types of cover that businesses with shipping exposure need to understand separately.
Any business moving goods by sea, owning or chartering vessels, or otherwise exposed to maritime risk needs to understand which of the three marine covers actually applies to their exposure, they are not interchangeable.
A common gap: Businesses that ship goods internationally sometimes assume their supplier's or freight forwarder's insurance covers their cargo. In many contract terms it doesn't, or only covers a fraction of the goods' value, worth checking explicitly rather than assuming.
Importers and exporters shipping by sea, vessel owners and charterers, ports and terminal operators, and any business with physical assets or operations connected to shipping or maritime activity.
Free, no obligation. We connect you with specialist brokers and Lloyd's market access for this line of cover.
Speak to a Specialist →Marine cover requirements vary by cargo type, route, and vessel ownership structure. Always confirm current terms with a specialist marine broker.