Marine Cargo insurance by Prosura
No matter what trade or sector you operate in, if you are involved in the movement of goods, it’s likely that you will benefit from having a Marine Cargo insurance policy in place. If you are managing the logistics of managing goods at depots or storage sites, dealing with imports and exports or have goods in transit within the UK, you’ve got enough on your plate without having to worry about insurance arrangements.
That’s where we come in – because it is important to have the right protection in place. Our broking team offer jargon free advice and friction free access to policies from a range of leading UK insurers.
Prosura – because you have better things to do.
What is Cargo Insurance?
Marine cargo cover is designed to protect you from costs if goods are lost or damaged when being transported. It can also cover goods whilst held in storage within the UK. It goes beyond the cover provided by a Good in Transit policy.
Cargo insurance is typically taken out by the owner of the goods and is designed to reimburse them for the full value of the goods should they be lost, damaged or stolen while in transit. A freight forwarders policy may only provide cover based on the weight of the goods – so if you need full value protection you need a dedicated cargo insurance policy.
Cargo insurance can protect you from costs in a range of circumstances including failures when loading / unloading goods, accidents as well as fire and theft.
What else should be considered when arranging marine cargo cover?
You will need to consider what other implications there would be should goods be lost, damaged, stolen or delayed while being transported. The most obvious is the potential for business disruption. How quickly can the goods be replaced and what are the implications if you are unable to trade with and supply and invoice customers for a number of weeks or months? Taking out business disruption cover will protect you from costs of static overheads such as wages and mortgage / rent on your business premises while you are unable to trade.
More widely, as with any business, you are likely to need a range of business insurance covers such as liability insurance, commercial vehicle cover where you own and operate your own fleet, as well as premises, stock and contents protection.
Why choose Prosura for your Marine Cargo needs?
We’re here to let you get on with running your business by providing friction free access to expert advice and high quality insurers. We’re on hand with professional advice as your business evolves and expands.
We also give all our Cargo Insurance Clients free access to PROSURA Digital Lawyer, saving them hundreds of pounds a year on Legal Fees.
For your Cargo insurance cover requirements, contact the specialist brokers at Prosura today.
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