Group Income Protection Insurance, also known as Group Salary Continuance Insurance, is an essential risk mitigation strategy for employers. It ensures that you can meet your legal obligations and avo …
Whether you’re importing or exporting goods, shipping locally, or are a commercial hull owner operating locally or internationally, specialised Marine Transit Insurance can provide you with best-fit protection.
It protects you and your business from loss or damage to vessels and cargo, as well as the delivery and storage of goods.
Do I need Marine Transit Insurance?
For many transport operators it can be tempting to by-pass Marine Transit Insurance, particularly if your goods are not of high value. But often it can be difficult to quantify the true value of your load and the number of exposures you face, which in the event of an accident or loss, can leave you significantly financially exposed.
What can Marine Transit Insurance cover?
- Goods transported by sea, air, rail or road from collection point to delivery.
- Marina operators, yacht clubs, ship repairers, port authorities and other marine service providers against third-party injury and property damage.
- Loss or liability for commercial vessel operators, such as charter or tourist boats, fishing vessels, tugs or barges.
- Trucking or logistics companies who transport goods within Australia.
- Pleasure crafts, such as yachts or cruisers for accidental damage, theft, sinking, property damage and even third-party injury for water skiers.
Other things to consider
The team at Insurance Advisory Service can provide specialist advice and recommendations on a range of products and polices that cover shipment items and additional expenses.