ocean marine cargo insurance
OCEAN CARGO INSURANCE . We can help protect your international or domestic shipping interests with ocean cargo insurance and risk management. Ion Insurance is here to serve at your convenience. Ion Insurance 1520 Highland Ave. Cheshire, CT 06410 . Ocean marine insurance is insurance used to protect cargo, vessels and other items while they are being transported across the ocean.Both the vessel owner and the owner of the cargo are able to benefit from this type of insurance. Zurich offers customized Ocean Cargo Insurance programs that protect goods by all modes of transport from warehouse to warehouse. Regardless of the value, or material it is made of, cargo is an all-encompassing word for the items being transported. Cargo Insurance Costs Calculator. Business Hours M-F: 8:30am-5pm. RLI’s marine cargo policy provides coverage for physical loss or damage to goods shipped by water or air. Since Marine Cargo Insurance covers goods over the ocean, it protects your bottom line against fire and loss. Insurance; Specialty; Marine Cargo and Freight Liability; Marine Cargo Insurance Ocean Marine. The premium you pay depends on the nature of the goods shipped, their value, the route used, and the scope of coverage provided. Inland marine insurance covers products, materials and equipment when they are transported over land, such as via truck or train, or while they are temporarily warehoused by a third party. Ocean marine insurance is not limited to ships, but can also cover items traveling by air and land as well. The ocean marine business is highly competitive and moves quickly. Ocean Cargo Insurance. AXA XL Insurance offers a range of marine cargo and freight liability insurance solutions for all customer groups – from smaller local and regional companies through to large, complex multinational corporations. With the creation of shipping lines via rail and road, a need for a new type of insurance was produced, known as inland marine insurance. Ocean Marine offers insurance solutions for marine clients including traditional cargo, hull and liability coverages as well as pollution and complete packages combining marine property and casualty. Ocean cargo insurance hull marine liability We will work with your broker to customize a policy that fits your specific situation. Cargo Insurance facilitates trade by offering security to both the financial institutions and the trading partners. If the product isn’t delivered due to pilferage, damage or other loss then the customer will often not make payment for the product. Allcovered is a subsidiary of Allen Insurance Group, as well as a provider of worldwide marine cargo insurance. Report an Ocean Marine Claim. Internet efficiencies have made it easy for more companies to become involved in global trade. Contact Us. All Nations Insurance specializes in providing insurance for Marine Cargo in Seattle WA and all surrounding areas throughout WA State. We offer an online facility for the fast issuance of secure marine cargo insurance certificates. Coverage is written on a warehouse-to-warehouse basis, … Ocean Marine was one of the first U.S. teams Ascot launched on an admitted basis, and combines appropriately with our established marine presence at Lloyd’s. This is the oldest form of insurance as we know it today. We don’t believe in off-the-shelf packages. Loss Prevention with Ocean and Marine Cargo Statistics show, and you know how us insurance types love statistics, that 83% of all cargo losses are preventable. Marine Cargo Insurance. Ocean Marine Cargo Much business in New Zealand is reliant on getting a product delivered to a customer, whether here in New Zealand or overseas. Inland Transit; Motor Truck Cargo; Warehouse Legal Liability; Builder’s Risk; Contractor’s Equipment; ... A Division of the Berkshire Hathaway group of insurance companies. Ocean Marine Cargo Insurance in Macon, GA, and Atlanta, GA. We have cargo insurance Allcovered… Cargo Insurance at the click of a button. About LIU Contact us at 203.729.5261 or fill out our online quick quote form to GET STARTED TODAY! The simple answer is to reduce your exposure to financial loss. By definition. Ocean cargo insurance is widely available. That way, you can avoid the paperwork and delays often associated with … Ocean Marine Cargo Insurance in Seattle, Everett and Tacoma, WA. Ocean cargo insurance is a specialty type of insurance we provide. Ocean Marine Cargo Coverage covers cargo that has been physically damaged, while some insurance cargo policies also offer protections for theft and other forms of loss. Protecting Cargo, Saving Money With a proven track record of helping companies save money and mitigate risks when moving cargo, LIU has a global team of ocean marine professionals ready to help you — no matter what size cargo you need moved, or where. Limits of Insurance Formed in 1998, Allcovered provided the first online insuring system available in the U.S. Inland Marine. The basic ocean cargo policy covers ocean and air shipments, protecting merchandise for physical loss or damage from external causes. The dictionary definition of marine cargo vs. inland transit insurance is an obvious difference. Tom Nasso Executive Vice President, Head of Marine and Cargo - New York Our cargo policies provide coverage for shipments by sea (including barges), air or inland transits by rail and truck. Some policies insure against all risks (damage to cargo from external causes except a few exclusions); other policies name specific perils that are covered. Most of the time, this is accomplished with one policy so there is no question as to … The damage can result from disasters such as bad weather, tidal waves, collisions, pirate attacks, cargo abandonment, or customs rejection. Issue an Ocean Cargo Certificate. Name of the Assured: (Include names of all subsidiary firms or corporations to be insured) Address of Assured: Number of Years in Business: Name of Agent or Broker: Address of Agent or Broker: Attachment Date . Ocean Marine Coverage — insurance covering the transportation of goods and/or merchandise by vessels crossing both foreign and domestic waters including any inland or aviation transit associated with the shipment. Ocean Marine . Our eCertificates service can be accessed 24 hours a day, 365 days a year, by authorized customers. Every solution we provide is backed by extensive … She was among the first to earn the Associate in Marine Insurance Management (AMIM) designation from The Institutes in December 1998. Get a free quote. Renewal or Expiration Date . Safeguard your business with over 225 marine insurance options, including builder’s risk, ocean cargo and renewable energy. Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination. To support the world's shipbuilders, port operators and cargo transporters, we at Liberty Mutual Insurance maintain a regional network that brings world-class expertise to local markets. This could include anything from gasoline to toys to paper products to cars. It even covers damage due to weather. Ocean Marine. The hurricane season is upon us, and with recent storms pummeling the seas and costs of Hawaii, extra protection against the treacherous winds and rain is an excellent idea for any business. Telephone: (xxx) xxx-xxxx . for an ocean marine cargo insurance quote! The Ocean Marine Division is a specialist in insuring of cargo using any recognized means of transport by air, land, or sea, anyplace in the world. Collisions and cargo theft are the two most frequent causes of inland marine losses. The policy can include a shipment that requires all these modes of transport (truck / rail, to port, cover whilst on vessel or aircraft and then truck / rail to final destination) or any mode individually, (e.g. Products and Coverages. When it comes to Ocean Marine insurance, the products that are being haulled by the vessel are referred to as cargo. Marine cargo insurance is the lifeblood of international trade. Marine insurance today is still of great importance to international trade. Know-how is pivotal in building a thriving business and in delivering the right solution to help protect it. Coverage is against physical loss or damage to international air and sea cargo; ranging from basic damages to all-risk insurance. Sources include large insurers like Travelers and Chubb, specialty carriers like STARR and XL Catlin, and Lloyds' of London . be_ixf; dotnet_sdk; dotnet_sdk_1.4.9 Marine cargo insurance is the lifeblood of international trade. 1. START YOUR QUOTE In short Ocean Cargo insurance provides coverage against physical damage or loss of goods during shipping.. Insurance is necessary because various laws limit the liability of carriers. That’s why we offer tailored Ocean Marine insurance and Inland Marine insurance solutions that can solve for a diverse set of problems and protections on a global scale. Simply enter the shipment value, cost of freight, extra expense percentage, and your cargo insurance rate. To calculate the insured value and cargo insurance premium on a single shipment, we’ve created a simple calculator that gives you a better idea of cost. Contact: Telephone: (xxx) xxx-xxxx . In many cases the … Julie Vogele, a senior marine underwriter with Tokio Marine America, has been underwriting all lines of ocean marine insurance in California for more than 30 years, with a specialty in ocean cargo insurance. Ocean marine insurance, one of the first types of insurance created, financially protects ships and cargo in transit oversea and waterways from loss or damage. Ocean cargo insurance coverage, hull and marine liability insurance coverages from Zurich Candada. Holiday Hours . Ocean cargo insurance. By definition, the inland transit insurance is the cover of the insured goods when being transported by land. If you're an exporter who has not been paid for the goods at the time of shipment, or an importer who has paid for all or part of the goods prior to receiving them, you run the risk of suffering a financial loss if the goods are lost or damaged during transit. Ocean Cargo Insurance Coverage. Goods in transit need to be insured from an inland point of origin to a final inland destination and all points along the way. Ocean Marine Cargo Insurance: Introduction - Marine Insurance Defined [Part I in a series of III] Presented: June 17, 2014 June 17, 2014 Ocean Marine insurance provides financial aid for losses arising from physical damage to on-board cargo. A carefully implemented loss prevention strategy reduces the time and expense of tracing, locating and making adjustments on lost, damaged or stolen merchandise. Inland Marine. Why should I purchase ocean cargo insurance?