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Don't get caught out - protect your marine business and assets today

IA South West

Jan 02, 2020
Views: 1556

General Insurance Marine Insurance

Don't get caught out - protect your marine business and assets today

Do you operate a marine business? Transport goods? Marine insurance can provide you with peace of mind knowing that your business is covered. The variety of Marine Insurance policies helps you tailor the best cover for your business, some explanations of Marine insurance are noted below;

Marine Cargo Insurance: This policy is designed for businesses that transport their goods across Australia or overseas, whilst in transportation by road, sea, air or train, even by post or courier. The policy will cover your goods from point A to point B, whether inside Australia or internationally.
Commercial Hull Insurance: This policy is designed specifically for businesses who operate commercial vessels where their vessels are the centre of their business (from charter vessels, barges, ferries etc). Commercial Hull Insurance covers you for accidental loss or damage to the vessel machinery or equipment. It is advised operators should consider both Marine Cargo and Commercial Hull Insurance.
Marine Liability Insurance: This type of insurance is specifically designed for marine service providers, for example operators of a marina, stevedores, terminal operators, ship builders (whether small or large ship building manufacturers) and ship repairers, docking facilities, piers and pier facilities. It provides protection to property damage and personal injury to a third party while engaged in marine-related activities.

For deciding which type of marine insurance is suitable for your business, talk to our insurance specialists today.

Marine cargo insurance

General Advice Warning: This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

All information above has been provided by the author.

Gail Findlay, IA South West, AFSL 240549