Marine Transit Insurance
Contact Baynyi Ausure for your Marine Transit Insurance needs.
What is marine transit insurance?
If your business takes you across the seas, you can be exposed to risks from mother nature, misadventure and even piracy. Such risks can prevent your cargo from reaching its destination or cause costly damage during the voyage.
Marine transit insurance refers to a range of insurance products which help protect your business from loss or damage to vessels and cargo. It can cover the door to door delivery of goods worldwide, by sea, road, rail and air – including their storage on the way.
Who should consider it?
Marine transit insurance is important for businesses involved in shipping or receiving goods, Marine insurance can provide valuable cover on both land and sea for:
- Importers
- Exporters
What can it cover?
There are different types of marine-related insurance policies – the type you choose will vary based on your specific needs. Marine transit policies can cover goods which are being moved within Australia or overseas.
Depending on the type of policy you choose, marine insurance policies can cover:
| Type of Cover | Potential Benefits |
|---|---|
|
Accidental damage |
All causes of physical damage provided that they are the result of an unexpected and non-deliberate external action. |
|
Insured events |
Only the events listed in the policy. |
|
Collision |
Damage caused due to the collision of the carrying vehicle, vessel, train, aeroplane. It may be a collision between two conveyances or it might involve the conveyance hitting another object such as a bridge, wall, tree etc. |
|
Dropping during loading and unloading |
Dropping during loading or unloading if this is not an excluded event specified under a specified risks policy |
|
Fire, explosion & lightning |
Cover for fire, explosion and lightning. |
|
Impact of goods with external objects other than the conveying vehicle or road |
Full impact cover can be provided, including goods falling from and within the vehicle. |
|
Malicious damage |
Malicious acts, vandalism and sabotage by third parties. |
What usually isn't covered?
Exclusions, the excess you need to pay and limits of liability can vary greatly depending on your insurer. Policies generally won’t include cover for:
- Consequential loss/loss of market.
- War.
- Delay.
- Inherent vice; i.e. the damage due to a feature of the product being transported.
INDUSTRIES WE SERVE
- Indigenous Corporations and Enterprises
- Local and State Government
- Construction & Infrastructure
- Health, Community, and Disability Services
- Education & Childcare
- Licensed Clubs & Sporting Organisations
- Agriculture & Land Councils
- Not-for-Profit and Social Enterprises
- Transport and Logistics
- Mining and Resources
- Manufacturing
- Professional Services
- Hospitality
- Real Estate and Property Development
- And many more
Speak to us about your Marine Transit Insurance Needs:
Contact Baynyi Ausure
Our Insurer Partners
Let us do all the hard work for you! We compare policies from multiple insurers to ensure you have the right policy, the right price and most importantly – the right coverage.
Let Baynyi Ausure help you with your Marine Transit Insurance needs.
Baynyi Ausure specialises in delivering tailored insurance and risk solutions for indigenous and non-indigenous businesses across a diverse range of sectors. . We are part of Australasia’s largest general insurance broker network, the Steadfast Group. We leverage Steadfast’s scale to ensure our clients have access to a wide range of insurance companies, a broad range of products, exclusive policy options, and of course, competitive pricing. And when the time comes and you need to make a claim, you will have the backing of Steadfast behind you.
