Marine insurance is a specialized branch of general insurance that covers loss or damage to goods, vessels, and related liabilities during transportation by sea, air, road, rail, and inland waterways. It safeguards exporters, importers, shipping companies, freight forwarders, and vessel owners against uncertainties and risks of transit.
In India, marine insurance contracts are governed by the Marine Insurance Act, 1963, which lays down the legal framework, rights and duties of insurers and insured parties.
Sstorms, collision, theft, pilferage, mishandling. Marine insurance ensures you're compensated when risks materialize.
Instead of bearing high losses from damage, delays or total loss of cargo, you share the risk with insurers — helping preserve cash flows.
You can insure not just cargo but vessels (hull & machinery), freight, port operations, as well as liability exposures (e.g. P&I, charterer liability).
Expertise in marine contracts, trade terms & transit risks
Access to leading insurers with marine capability
Customized solutions (cargo, hull, liability, open policies)
Support in claims, survey coordination & documentation
