Designed to provide protection for commercial cargo in transit, marine transit insurance protects your stock when in transit to or from Australia, as well as when the goods are transported inland within the country. Moreover, the insurance also provides safety and protection for goods from the time of collection to delivery.
When selected properly, marine transit insurance can protect business owners from potential liability claims if the cargo (even in the situation when the goods are not your property) or even the vessel itself is lost or damaged at seas. Marine transit insurance also applies to transport/freight companies that move or manage the moving of goods and is created to protect the purchasers/sellers of the transported goods too. Transit is not only limited to the sea – it also includes road, rail, and air segments.