Marine Insurance
I’m not in the shipping business. Do I need marine insurance?
Marine insurance isn’t just for ships anymore! If you:
- Send goods to customers in other cities
- Import/export products
- Move inventory between warehouses
- Buy expensive equipment that gets transported
Then YES, you need marine insurance. It covers your goods whether they travel by truck, train, ship, or plane.
Why Do You Need Fire Insurance?
Fire Safety Reduces Risk. Insurance Helps Protect Against Financial Loss.
Fire extinguishers, alarms, sprinklers, and other safety measures can reduce the risk and impact of fire, but they cannot eliminate the possibility of financial loss. Fire insurance provides financial protection for eligible property and assets against insured fire and allied perils, subject to the policy terms and conditions.The coverage you need depends on what you own and what you want to protect:
Building & Property
Protection for eligible buildings and property against covered losses.
Contents & Assets
Coverage eligible for Furniture, equipment, machinery, and other contents
Stock & Inventory
Protection for eligible stock, goods, and inventory affected by covered events.
Business Risks
Depending on the policy, additional protection may be available for certain business-related losses.
What exactly gets covered under marine insurance?
Your goods are protected against:
- Fire and explosions during transport
- Vehicle accidents and overturning
- Theft and hijacking
- Natural disasters (floods, storms)
- Rough handling and loading/unloading damage
- Ship sinking or collision (for exports)
What are the different types of marine insurance policies?
What are the different types of marine insurance policies?
Single Transit Policy
Covers one specific shipment from origin to destination. Ideal if you ship occasionally.
Open Policy
Covers all shipments within a specific period (usually 1 year). Best for regular shippers with multiple consignments.
How do I claim if my goods get damaged in transit?
Quick action is key:
01
Inform immediately
Call us as soon as you notice the damage
02
Preserve evidence
Don’t throw away damaged goods, and take clear photos
03
Get delivery receipts
Make sure the transport company notes the damage
04
Submit documents
Don’t worry, we’ll guide you through the paperwork
05
Surveyor inspection
An insurance-appointed expert will assess the loss
Coverage Made Right
Guidance Made Simple
Every property and risk is different. AIMS Insurance Broking helps you compare suitable fire insurance policies, understand your coverage options, and choose protection that fits your needs.