Global Insurance Solutions

// What is

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 commercial vessel, cargo or truck 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 insurance?

Marine transit insurance is important for businesses involved in shipping or receiving goods, operating watercraft commercially, repairing vessels, running a marina and more.

Marine insurance can provide valuable cover on both land and sea for:

Freight forwarders

Primary producers

Who Should Navigate with Marine Transit Insurance?

Marine transit insurance is not just a recommendation; it’s a necessity for a diverse spectrum of businesses deeply involved in the intricate world of shipping and receiving goods. This insurance is a critical consideration for your long-term security and stability.

Marine insurance offers invaluable protection, both on solid ground and across the unpredictable seas, for a wide array of industries, including:

Freight forwarders:

Orchestrating the complex movement of goods across various modes of transport requires robust cargo insurance and marine freight insurance.

Importers and exporters:

Businesses engaged in international trade rely heavily on marine cargo insurance and sea cargo insurance to safeguard their valuable shipments.

Mining companies:

Transporting raw materials and equipment often involves significant marine transit risks, demanding tailored cargo insurance and marine cargo transit insurance.

Primary producers:

Shipping agricultural goods domestically and internationally requires reliable cargo transit insurance and shipping cargo insurance.

Removalists:

When transporting household and commercial goods, cargo insurance provides crucial protection against damage during transit.

Tourism operators:

Businesses operating commercial vessels for tourism purposes need marine insurance to cover their vessels and potential liabilities.

Wholesalers:

Moving large volumes of goods necessitates adequate cargo insurance to mitigate potential losses during distribution.

As your trusted cargo insurance broker at Global Insurance Solutions, we understand the unique exposures faced by each of these industries and can tailor a marine cargo insurance policy to meet your specific needs.

What can it cover?

There are different types of marine-related insurance policies – the type you choose will vary based on your specific needs. Depending on the type of policy you choose, marine insurance policies can cover:

Accidental damage

Physical damage that occurs as a result of an unexpected and non-deliberate external action.

Insured events

Only the events nominated by the insurer. These are commonly known as fire, collision and/or overturning covers, although there are normally more events offered than these.

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

While fire is a common event covered by all transit policies, cover for explosion and lightning may or may not be granted.

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 Makes Marine Cargo Insurance Vital for Shipping Success?

Every shipment carries risk — that’s why marine cargo insurance is a must. Whether you require shipping insurance for overseas freight or goods and transit insurance for local deliveries, protecting your cargo is crucial. We can arrange marine transit insurance solutions to cover your goods against loss or damage across air, sea, and land. Need reliable marine freight insurance? We offer robust coverage for businesses of all sizes. Trust our expert marine insurance brokers to find the right policy for your shipping needs.

Talk to Global Insurance Solutions Today!

Navigate global trade confidently. Global Insurance Solutions can arrange tailored marine transit insurance. Expert cargo insurance brokers provide clear advice for peace of mind.

We simplify sea, shipping, and transit insurance to secure your assets. Secure shipments, protect investments with your trusted Australian partner, Global Insurance Solutions.

// Quote

All of the coverage, without the worry

Talk to us today to discuss your business insurance requirements, We offer straightforward advice that will result in peace of mind for you, and a business insurance package that keeps your business covered from all angles. Get in touch by calling

FAQs on Marine Cargo Insurance

Answer: Marine liability insurance protects businesses against third-party injury, property damage, and pollution claims arising from maritime activities. It helps meet legal and contract obligations while safeguarding your business financially.

Answer: Marine and cargo insurance covers international and domestic sea shipments, while transit insurance often focuses on land transport. Both safeguard goods in transit but vary by transport type.

Answer: Marine cargo insurance coverage typically includes loss, theft, accidental damage, and weather-related incidents affecting goods during marine, air, or land transport.

Answer: Yes! You can insure marine shipments whether you are importing to or exporting from Australia. Comprehensive policies cover the entire journey, end-to-end.

Answer: Marine freight insurance is ideal for bulk shipments, offering broader protection against risks specific to freight carriers, including delays, accidents, and cargo loss.

Answer: Absolutely. Marine transit insurance covers goods moving across Australia by sea, land, or air, protecting you from financial losses during local transit.

Answer: Almost all commercial goods — from electronics to agricultural products — can be protected with marine cargo insurance Australia policies.

Answer: Yes. Even a single shipment faces risks. Marine and transit insurance ensures you’re covered without needing a full annual policy.

Answer: Expert marine insurance brokers compare options from leading insurers, tailoring goods and transit insurance or marine and cargo insurance policies to your needs.