Marine Cargo Insurance
Marine Cargo Insurance provides financial protection against specified loss or damage to goods transported by sea, air, road or rail, depending on the agreed policy.
For businesses involved in importing, exporting or international trade, goods may be exposed to numerous risks while being transported across borders.
Marine Cargo Insurance helps safeguard the value of your cargo against covered transit risks, allowing you to conduct business with greater confidence.
Get A QuoteBenefits Of Marine Cargo Insurance
Cargo Protection
Covers insured goods against specified physical loss or damage during transportation.
Warehouse-To-Warehouse Protection
Can provide continuous transit coverage from the originating warehouse to the destination warehouse, subject to policy conditions.
Multiple Transport Modes
Can cover eligible cargo transported by sea, air, road or rail.
Financial Security
Helps protect businesses against significant financial losses arising from insured cargo incidents.
Flexible Coverage
Can be arranged for individual shipments or multiple shipments under an open marine cargo policy.
Trade Confidence
Supports importers and exporters by helping manage risks associated with domestic and international cargo movement.
Documents For Marine Cargo Insurance In Kenya
When arranging Marine Cargo Insurance, you may need the following documents:
- Import Declaration Form (IDF), where applicable.
- Company KRA PIN.
- Company Registration Certificate.
- Commercial invoice, packing list and shipment details, as requested by the insurer.
How Marine Cargo Insurance Works
Identify Your Cargo
We review what you are importing or exporting, the value of the shipment, the route and the mode of transport.
Choose Your Cover Level
Marine cargo policies offer different levels of cover, from basic named perils to comprehensive all-risks protection. We help you select the right option.
Arrange Cover Before Shipping
Cover should be in place before the goods begin their journey. For regular shipments, an open cover policy can be arranged to cover multiple consignments.
Report A Loss
If cargo is lost or damaged during transit, notify the insurer immediately, preserve evidence and obtain survey reports as required.
Claim Settlement
The insurer assesses the claim based on the policy terms and settles eligible losses, helping you recover the value of your cargo.
Who Needs Marine Cargo Insurance?
Importers And Exporters
Businesses regularly moving goods across international borders by sea, air or road.
Manufacturers
Companies importing raw materials and exporting finished products to international markets.
Distributors And Wholesalers
Businesses receiving and distributing goods from international suppliers.
Freight Forwarders
Logistics companies managing the transport of cargo on behalf of clients.
International Traders
Any business involved in cross-border trade that needs to protect the value of goods in transit.
Frequently Asked Questions
What is Marine Cargo Insurance?
Marine Cargo Insurance covers goods against specified loss or damage while being transported by sea, air, road or rail, typically for international shipments.
What is the difference between Marine Cargo and Goods In Transit Insurance?
Marine Cargo Insurance typically covers international shipments across borders by sea, air, road or rail. Goods In Transit Insurance usually covers domestic transportation within Kenya. Businesses involved in both may need both types of cover.
What does warehouse-to-warehouse mean?
Warehouse-to-warehouse cover protects your cargo from the moment it leaves the originating warehouse until it arrives at the destination warehouse, including all stages of transit in between.
Do I need Marine Cargo Insurance if I buy goods on CIF terms?
CIF (Cost, Insurance and Freight) means the seller arranges insurance, but the cover may be at minimum levels. You can arrange additional insurance to provide broader protection for your specific needs.
Can I insure a single shipment?
Yes. You can arrange cover for individual shipments or set up an open marine cargo policy that automatically covers all qualifying shipments within a specified period.
What documents do I need to make a claim?
You will typically need the bill of lading, commercial invoice, packing list, survey report, photographs of damage, the insurance certificate and any other documents requested by the insurer.
Get A Marine Cargo Insurance Quote
Protect your cargo and your investment before it begins its journey. Contact Wysline Insurance Agency for a Marine Cargo Insurance quotation.
Cover, limits and exclusions vary by insurer and are subject to underwriting acceptance and the policy terms and conditions. Speak to Wysline Insurance Agency for a Marine Cargo Insurance quotation.