Trademaster Insurance Brokers

Marine Insurance

Marine insurance is essential for businesses and individuals involved in the transportation of goods by sea, air, or land. It provides financial protection against risks such as loss, damage, or theft of cargo during transit. At Trademaster insurance broker we offer comprehensive marine insurance solutions tailored to safeguard your shipments.

What is Marine Insurance?

Marine insurance is a policy designed to cover the risks associated with the transportation of goods. It ensures that cargo owners, shippers, and logistics companies are protected from financial losses caused by unforeseen circumstances during transit.

Coverage Options

Covers goods in transit against:

  • Loss or damage due to accidents
  • Fire, explosion, or natural disasters
  • Theft and piracy
  • Spoilage or contamination (for perishable goods)

Hull Insurance is designed for ship owners, this cover protects vessels against:

  • Accidental damage
  • Collisions and sinking
  • Fire and explosions
  • Machinery breakdown

Covers the financial loss of freight charges if cargo is lost or damaged before reaching its destination.

Protects shipping companies and carriers against legal liabilities arising from:

  • Damage to third-party property
  • Injury or loss of life
  • Environmental pollution caused by spillage

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