Marine Cargo Insurance

Secure Your Shipments with Reliable Coverage

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Dubai: +971 4 323 1111

Abu Dhabi: +971 2 626 66 69

Bahrain: +973 1751 17 77

Qatar: +974 403 18282

Kuwait: +965 229 51975

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8 AM to 5 PM, Sunday to Thursday.

What is Marine Cargo Insurance?

Nexus Insurance Brokers offers Marine Cargo Insurance, a crucial risk management instrument that provides financial security to cargo traveling across local and international shipping routes. This insurance reduces the possible monetary loss brought on by various hazards that may impact cargo when it is being carried by land, sea, or air. Businesses engaged in international commerce may protect their assets and continue to operate even in the face of unanticipated events with complete coverage.

This coverage provides importers, exporters, manufacturers, and freight forwarders with vital financial protection for products in transit. By protecting shipments from these dangers, marine cargo insurance reduces the financial effect of losses, theft, and damages brought on by various events, such as piracy, natural disasters, accidents, and political hazards. From the UAE to Bahrain, Qatar, Kuwait, and Jordan, we also specialize in providing investment planning and pension plans to individuals with robust coverage, offering personalized solutions designed to safeguard them in these key Middle Eastern markets.

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Why Your Business Requires Marine Cargo Insurance?

During transit, international shipping operations subject commodities to a variety of dangers. Companies risk serious financial repercussions from lost, stolen, or damaged goods without proper coverage, which may seriously impair supply chains and profitability. Marine Cargo Insurance addresses the following major risks:

Plunder or theft, especially in areas with a high danger
Natural disaster-related damage, such as earthquakes, floods, and storms
Mishaps like crashes or grounding that happen during loading, unloading, or transportation
Illicit interference or piracy, especially on hazardous maritime routes
Delays at customs cause perishable items to deteriorate.

Key Coverage Options for Marine Cargo Insurance

All-Risk Coverage

All-Risk Coverage provides comprehensive insurance, protecting your shipments from all risks unless specifically stated otherwise in the policy. This covers theft, fire, water damage, and unintentional accidents. This all-inclusive protection is perfect for companies looking for the highest level of security for their cargo while it is in transit.

Named Perils Coverage

Only risks expressly named, such as theft, fire, explosions, piracy, and extreme weather, are protected by Named Perils Coverage. This choice is appropriate for companies with lower risk profiles or those who operate in less dangerous areas.

War & Strikes Coverage

War & Strikes Coverage guards against damage or loss brought on by war, civil unrest, strikes, and other political risks for shipments traveling through high-risk or politically unstable areas. Businesses that operate in conflict-prone locations need this coverage.

Theft & Pilferage Coverage

Theft, as well as theft protection against cargo, robbery, or burglary during transit or while being stored in temporary facilities, is guaranteed by coverage. This is especially crucial for companies dealing with expensive items vulnerable to theft, like electronics.

Loading/Unloading Damage Coverage

This coverage considers the dangers of handling items when loading and unloading. Coverage for unintentional cargo damage during these phases provides monetary security against handling mistakes.

Contingent Cargo Insurance

Contingent cargo insurance offers short-term coverage for goods in urgent transit while main insurance policies are being finalized. This is especially helpful for companies who need to secure goods right away.

How Does It Work?

Risk Evaluation and Determination of Coverage

The first phase is to assess the value of the cargo, the mode of transportation (land, sea, or air), and the hazards involved with the shipping route. Thanks to our risk analysis, we can suggest the appropriate coverage—All-Risk, Named Perils, or a mix of the two.

Calculation of Premiums

Value of cargo: Premiums are usually greater for higher-value shipments.

Shipping route: Premiums may go up in areas with more risk considerations (such as areas prone to piracy).

Mode of transportation: Sea freight often has cheaper rates than air freight.

Type of products: Specialised cargo, including delicate or perishable goods, may need more protection, which raises rates.

Procedure for Claims
Nexus Insurance Brokers guarantees a quick and easy claims procedure in the case of a loss or damage during transit:

Instant notification: Customers are required to provide us with the shipping information and incident report as soon as possible.

Loss assessment: Our staff collaborates with the client to ascertain the full degree of the damage or loss.

Settlement of claims: Our goal is a speedy claims payout that includes the cost of any associated expenses and the value of the lost or damaged goods.

Help with Claims

We provide round-the-clock claims assistance to help you navigate the procedure and guarantee a prompt payout. Our team works directly with insurers to speed up the reimbursement procedure for cargo-related losses.

Industry-Specific Marine Cargo Insurance Solutions

Manufacturing & Import/Export

We cover machinery, completed goods, and raw materials for manufacturers and import/export companies. Our regulations guarantee the timely delivery of necessary items by shielding the supply chain from unforeseen interruptions.

Retail & E-commerce

We provide businesses with security against cargo loss or damage during transportation, particularly in e-commerce. Our solutions, which cover expensive items shipped internationally, assist companies in maintaining inventory integrity.

Pharmaceutical & Chemicals

We provide specialized marine cargo insurance that covers hazardous products and temperature-sensitive commodities for the chemical and pharmaceutical sectors. Our rules support upholding product safety and compliance requirements throughout the shipping process.

Automotive & Heavy Equipment

We provide specialized coverage for machinery, auto components, and big shipments to companies in the heavy equipment and automotive industries. This guarantees the protection of priceless equipment from the dangers of international shipping.

How to Get a Marine Cargo Insurance?

Get Started

Give specifics about the shipment, such as the kind of cargo, the manner of transportation, and the shipping routes.

Consultation & Customization

Our staff collaborates with you to tailor coverage to your company's requirements.

Policy Finalization

Your shipments are insured and guaranteed complete protection once your policy is in effect.

Get in Touch with Us Today!

Nexus Insurance Brokers offers many maritime cargo insurance alternatives to safeguard your goods during transportation. Our tailored solutions will protect your business against the financial risks associated with international shipping, whether you are moving raw materials, electronics, or sensitive equipment.

Marine Cargo Insurance