Marine Cargo Insurance
- This marine cargo insurance provides protection against risks associated with navigation and transportation to which a cargo may be lost or damaged during the transit whether by sea, air or land. Insurers also provide cover for transport of goods by trucks or railways.
- Cover may be provided for individual shipments or under an ongoing contract known as an "open policy". An open policy is a contract prepared in general terms covering specified goods on terms agreed and can be issued to cover goods shipped anywhere in the world on a declaration basis.
Land Transit Insurance
- Similar to marine cargo insurance, items being while transported on the road are exposed to loss due to traffic accidents, derailment, natural hazards, robbery, and theft. Fortunately, through this policy, many of these risks can be transferred to insurance companies.