Ship It Safe - Marine Insurance That Keeps Cargo Moving

Warehouse-to-warehouse marine and transit insurance for importers, exporters, freight forwarders and carriers. Protect goods at sea, in the air and on the road with tailored cover and quick claims handling.

Insure Cargo. Insure Confidence.

Marine Insurance

(All * marked fields are mandatory)

SECTION 1 — BASIC DETAILS

Insured / Company Name *

Primary Contact Name *

Phone Number *

Email Address *

Policy Type *

SECTION 2 — SHIPMENT / CARGO DETAILS

Cargo Description *

Cargo Value (₹) *

Mode of Transit *

Origin (From) *

Destination *

Packaging Details *

Shipment Initiation Date *

SECTION 2 — SHIPMENT / CARGO DETAILS

Cargo Description *

Estimated Annual Shipment Turnover (₹) *

Per Sending Limit (₹) *

Per Bottom Limit (₹) *

Mode of Transit *

Origin (From) *

Usual Destinations (To) *

Packaging Details *

SECTION 4 — RISK / HISTORY*

Any Marine Claims in Last 3 Years? * YesNo

Date of Loss *

Type of Loss *

Amount *

Settlement Status *

Paid Amount (₹)

Brief Summary

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What is Marine Insurance

Cargo Covered, From Wharf to Warehouse

Marine insurance protects goods and shipping interests against physical loss or damage during carriage by sea, air or land. Policies can be quoted as cargo, hull & machinery, or liability (P&I). Cargo cover commonly uses Institute Cargo Clauses (ICC) A/B/C – ICC A being the broadest (‘all risks’) option and ICC C the most limited. You can buy warehouse-to-warehouse wording to keep cover continuous across multiple legs.

Why Marine Insurance Matters in India

Trade Moves Fast – So Should Your Cover

India is a major trading nation; damage or loss can halt supply chains and squeeze working capital.
Exporters/importers need reliable cover to satisfy LCs and commercial terms (CIF, CFR, etc.).
Inland container depots (ICDs), ports and multimodal moves bring local complexities – marine insurance stitches the gaps.

Who Needs Marine Insurance?

Importers & Exporters

Protect shipments and meet contract terms.

Freight Forwarders & Logistics Providers

Liability and cargo handling risks.

Manufacturers with Global Supply Chains

Inbound raw material and outbound finished goods cover.

Warehouse / ICD Operators

Stock-in-storage and warehouse-to-warehouse exposures.

Shipping Companies & Charterers

Hull, machinery and P&I liability exposures.

Types / Add-ons Commonly Offered

Marine Cargo Insurance (ICC A / B / C options)

Inland Transit / Transit Insurance (Road/Rail within India)

Warehouse-to-Warehouse / Storage cover

Hull & Machinery Insurance (for shipowners)

Protection & Indemnity (P&I) - third-party liability for shipowners

Freight & Interest Insurance (cover freight loss / shipper’s interest)

What Marine Insurance Covers

Ocean Perils (sinking, grounding)

Fire on Board

Theft & Pilferage

Loading / Unloading Damage

Weather / Cargo Damage

Collision / Contact

Inland Transit Damage

Warehouse-to-Warehouse clause coverage

Inclusions & Exclusions

Inclusions

Perils as per chosen clause (ICC A/B/C) - e.g., loss/damage from collision, grounding, fire (depending on clause).

Loading, unloading and handling damage (if covered by clause).

Theft / pilferage and general average (subject to clause and wording).

Warehouse-to-warehouse and multimodal transit (if specified).

Exclusions

Poor packing / improper stowage (unless insurer has agreed).

War and nuclear risks (unless separately covered).

Delay, depreciation or consequential loss (unless expressly insured).

Sanctions or prohibited-country consignments (subject to regulatory rules).

Insurance Partners

“Our marine partners include leading cargo insurers and P&I clubs.”

Magma HDI General Insurance Company Limited

Royal Sundaram General Insurance Company Limited

ICICI Prudential Life Insurance Company Limited

HDFC ERGO General Insurance Company Limited

Reliance General Insurance Company Limited

ICICI LOMBARD General Insurance Company Limited

Shriram General Insurance Company Limited

Future Generali India Insurance Company Limited

Aviva Life Insurance Company India Limited

Pramerica Life Insurance Company Limited

Aditya Birla SunLife Insurance Company Limited

Kotak Mahindra Life Insurance Company Limited

Tata AIG General Insurance Company Limited

FAQ's

What’s the difference between ICC A, B & C?

ICC A is the broadest (near all-risks), ICC B covers named perils plus some, and ICC C is the most restricted. Higher cover = higher premium.

Who should arrange the marine insurance - buyer or seller?

Depends on Incoterms. Under CIF the seller arranges cover; under FOB the buyer usually needs to. Check your contract and LC instructions.

Does marine insurance cover theft at a port or warehouse?

Yes, if the policy includes warehouse-to-warehouse wording or specifies that storage; otherwise gaps can arise between legs.

How fast are cargo claims settled?

Simple cargo claims with clear documentation can be closed in weeks; complex losses involving salvage or surveyor investigations can take months.

Are shipments to sanctioned countries covered?

Not automatically. Political and sanction risks require insurer approval and special wording.

What documents are needed for a marine claim?

Bill of lading/airway bill, packing list, commercial invoice, surveyor report, and any customs/port documents.

Customers Says..

“A container we insured hit rough weather and had partial damage. CoverBizz helped with the survey, claim and replacement cargo - saved our manufacturing schedule. Quick, professional, no fuss.”

Ms. Priya Nair Head Supply Chain, TextilesCo

“We were stuck over a demurrage dispute and our cargo sat at port. The team negotiated with the underwriter and the port agents - claim handled and costs trimmed. Lifesaver!”

Mr. Arjun Desai Export Manager, SpiceWorks

“When a rail transit mishap damaged a batch of electronics, CoverBizz made sure logistics and insurer worked together; the replacement and claim settlement were efficient and saved months of disruption.”

Mr. R. Kapoor Operations Lead, ElectroMFG

“Shipping risks are messy - but cover doesn’t have to be.
Whether you move small parcels across town or full containers across oceans, let’s design the right Marine Insurance for your trade.”

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