Marine and Cargo Insurance
Marine and Cargo Insurance
Marine and Cargo Insurance protects goods while being transported across sea, air, land, or rail. It covers loss, damage, or theft of goods in transit whether you're an importer, exporter, wholesaler, freight forwarder, or logistics operator. This insurance is vital for businesses shipping goods nationally or internationally, especially those dealing with valuable or sensitive products.
Cover is available for single shipments, regular freight movement, or annual cargo programs. Policies can include protection for packing errors, water damage, theft, rough handling, or vessel-related incidents.
At Angelic Insurance, our brokers provide general advice to help Australian businesses select marine and cargo insurance tailored to their shipping methods, trade routes, and cargo type.
How It Works
We simplify the process of insuring goods in transit with flexible options for one-off shipments or ongoing freight operations.
Share your cargo and routes
Tell us what goods you ship, how often, and by which modes sea, air, road, or rail. Include values, destinations, and who arranges transport.
Determine your risk exposure
We assess your Incoterms, packaging methods, warehousing, and delivery terms to help identify potential gaps in transit protection.
Compare insurer options
We match you with policies that align with your goods’ nature, transport frequency, shipping region, and handling risk.
Choose policy type
Select a single-shipment cover or annual cargo policy. Coverage may be All Risks or Defined Events depending on your cargo profile.
Get policy documents promptly
Once confirmed, we issue a Certificate of Insurance or Cargo Insurance Certificate for customs, freight, or compliance use.
Manage claims and policy changes
If cargo is lost or damaged, we help you submit a claim, coordinate documentation, and liaise with insurers for a fair outcome.
Why You Need It?
Goods in transit are vulnerable to numerous risks beyond your control. Marine and Cargo Insurance ensures you're not financially responsible if things go wrong.
Covers loss and damage in transit
Fire, theft, rough handling, water ingress, or collision can all damage cargo. This cover reimburses for loss or repair costs.
Required for trade and logistics compliance
Many trade partners, buyers, or freight operators require evidence of cargo insurance before shipping.
Helps meet international shipping terms
Insurance protects your interests under Incoterms like CIF, FOB, or DDP, depending on whether you or your buyer bear transit risk.
Protects reputation and cash flow
Being able to recover fast from damaged or lost goods helps maintain customer confidence and avoid operational delays.
Supports importers, exporters, and freight handlers
Whether you're selling machinery, food, medical devices, or consumer goods, cargo insurance ensures you're protected en route.
How Angelic Insurance Can Help?
We help manufacturers, traders, and freight handlers structure cover that suits their cargo movement, value, and global or local supply chain.
Compare transit-specific policies
We assess policies from marine insurers that specialise in both containerised freight and general logistics.
Tailor cover to trade routes and risk
Whether shipping to Asia, the US, Europe, or remote domestic locations, we help protect against exposure along the journey.
Offer options for all cargo types
We assist with cover for electronics, medical goods, perishables, industrial machinery, fragile items, and more.
Provide fast documents for freight clearance
We issue Cargo Insurance Certificates quickly so you can clear customs, dispatch freight, or comply with trading requirements.
Help during claims
We support claim lodgement, insurer correspondence, and documentation to ensure smooth reimbursement after cargo loss or damage.
Challenges Businesses Face Without Marine and Cargo Insurance
Without this cover, businesses bear the full financial burden of lost, stolen, or damaged goods and may jeopardise client relationships.
Loss during sea transit
Vessel-related damage, storms, or container loss can destroy high-value shipments with no compensation without cover.
Gaps in Incoterms and transport terms
If you misunderstand where your liability starts or ends, you may be exposed during freight handovers or warehousing stops.
Unrecoverable costs
Even if freight companies are at fault, delays or disputes may leave you unable to recover the full cargo value without insurance.
Impact on customer relationships
Inability to replace or compensate for missing deliveries can harm your brand and damage trade relationships.
Legal compliance issues
Many countries and trade contracts require cargo insurance for cross-border shipments. Not having it may delay or cancel your order.
Case Studies: How Marine and Cargo Insurance Helped Real Businesses
Case 1 – Machinery damaged during unloading
An engineering firm imported parts from Europe. Equipment was damaged by a forklift during unloading. The policy paid $58,000 for replacements.
Case 2 – Container lost at sea
A Perth importer lost goods when a container fell overboard during rough weather. The insurer reimbursed $72,500 under an All Risks marine cargo policy.
Case 3 – Theft from freight depot
A shipment of electronics was stolen from a storage facility in transit. The client received $34,000 from the policy under inland transit terms.
Case 4 – Water damage to packaged goods
A Sydney-based food exporter found that incoming goods were water-damaged due to condensation. Their policy covered $18,000 in spoilage costs.
Frequently Asked Questions
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