Protection for goods transported by sea, air, or land, safeguarding your shipments against loss, damage, or delay throughout the supply chain.
Protection for goods transported by sea, air, or land, safeguarding your shipments against loss, damage, or delay throughout the supply chain.
Specialist Risk Group (SRG) provides tailored Marine Cargo insurance solutions that support businesses moving goods across domestic, regional, and international supply chains. Working with specialist cargo underwriters in Singapore and global markets, we structure programmes that reflect your trading patterns, incoterms, shipment values, and logistical exposures. Our consultative approach ensures your coverage aligns with transportation routes, packaging standards, contractual obligations, and operational risk, ensuring your goods remain protected from origin to destination.
Marine Cargo insurance protects goods in transit against loss or damage caused by physical events, handling issues, transit disruptions, or marine/air/land-related perils. In an environment of rising logistics disruption, port congestion, geopolitical tension, and stricter supply chain requirements, businesses need reliable protection to maintain continuity and preserve the value of their shipments. Marine Cargo coverage helps safeguard working capital, fulfil customer commitments, and ensure smooth operations throughout the transport lifecycle.
Indemnity for physical loss or damage to goods during transit by sea, air, or land under Institute Cargo Clauses (ICC A/B/C).
Continuous cover from the time goods leave the origin warehouse until arrival at the final destination.
Protection against theft-related losses or missing cargo during transit.
Cover for contributions required under maritime law, including vessel sacrifices, salvage operations, and shared loss events.
Specialised cover for oversized, heavy-lift, or mission-critical cargo with complex logistics.
Protection for goods held temporarily in warehouses, consolidation hubs, or freight-forwarding facilities.
Cover for deterioration arising from breakdown of refrigeration or temperature deviations.
Marine Cargo insurance is suitable for businesses transporting or storing goods across local or international supply chains, including:
Our approach is tailored to each business we work with. Other products and covers we can arrange that may support your business include:
Protection for vessels and onboard machinery against physical loss, damage, and collision liability.
Comprehensive protection for buildings, equipment, stock, and physical assets against accidental loss or damage.
Protection for lost revenue and operating costs when physical damage or an insured event disrupts business operations.
Indemnity for accidental third-party bodily injury or property damage arising from your business activities.
Protection against non-payment of receivables due to insolvency, protracted default, or political events.
You should arrange Marine Cargo insurance whenever your business takes responsibility for goods during transit, whether moving locally, regionally or internationally. This responsibility is often defined by Incoterms rather than ownership.
Marine Cargo insurance covers the financial value of goods lost or damaged due to insured transit risks, helping protect working capital and avoid disputes with customers or suppliers.
“All-Risks” cover under Institute Cargo Clauses (A) protects against most causes of physical loss or damage unless specifically excluded, offering the broadest level of protection available.
No. Marine Cargo insurance can provide warehouse-to-warehouse cover, protecting goods from the point they leave the origin warehouse through to final delivery, including intermediate storage.
Yes. Theft, pilferage and non-delivery are commonly covered, subject to policy terms, packaging standards and security requirements.
Marine Cargo insurance covers General Average contributions and salvage charges, which can be significant even if your cargo is undamaged.
Yes. Storage and consolidation extensions can cover goods held at warehouses, ports or freight-forwarding facilities during the normal course of transit.
Specialist Project cargo cover is available for heavy-lift, oversized or high-value shipments that involve complex logistics, multiple transport modes or bespoke handling.
Yes. Refrigerated cargo extensions can cover deterioration caused by temperature deviation or refrigeration breakdown, subject to operational controls.
Annual open cover is designed for businesses shipping goods regularly, while single shipment insurance is suited to one-off or exceptional consignments.
Incoterms define when risk transfers between buyer and seller. If risk passes to you before delivery, Marine Cargo insurance ensures you are protected during that exposure period.
Marine Cargo insurance focuses on physical loss or damage. Loss caused purely by delay is generally excluded unless specifically insured.
Cargo is usually insured at invoice value plus freight and an agreed uplift to reflect profit and incidental costs, ensuring full recovery following a loss.
We align cover to how you trade, ship and contract, ensuring insurance responds where risk sits, not where standard wording assumes it does.
You can easily contact us by filling out the form. Once you have submitted your enquiry, one of our friendly colleagues will reach out to you.