When your business involves moving goods across seas or over land, there are a range of risks that can arise along the way. From unpredictable weather conditions to accidents, theft, or even piracy, these risks can lead to significant delays, damage, or loss of valuable cargo.
Ensuring that your assets are protected throughout their journey is essential to safeguard your business operations and minimise potential financial impacts.
What is Marine Transit Insurance?
Marine Transit Insurance is designed to protect businesses against the risks involved in transporting goods by sea, air, or land. It typically covers loss or damage to cargo during transit, whether due to accidents, theft, or other unforeseen events. By providing financial protection for your goods from the moment they leave the point of origin until they reach their final destination, Marine Transit Insurance helps ensure your business can recover from unexpected losses along the supply chain.
Who should consider Marine Transit Insurance?
- Importers and exporters
- Marina owners and operators
- Mining companies
- Removalists
- Tourism operators
- Wholesalers
- Logistics and freight forwarding companies
- Manufacturers and suppliers
Did you know?
The value of Australia's martime exports in 2020-21 was $354.8bn.
Maritime Statistics: Bureau of Infrastructure and Transport Economics
There were 5456 marine incidents reported in 2023.
Australian Maritime Safety Authority: Marine Incident Annual Report 2023
Australia relies on sea transport for 99% of our exports.
Department of Infrastructure, Transport, Regional Development, Communications and the Arts
