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Marine insurance covers goods transported by air or sea, including collectable luxury goods and bulk cargo.
Luxury goods coverage provides additional protection for high-value luxury items, such as jewellery or artwork, during transportation.
Bulk cargo coverage protects businesses transporting large quantities of goods, such as raw materials or commodities.
Bulk cargo is the sea transport of large goods such as corn, coffee beans, raw materials, or other commodities. This type of cargo is typically stored in large compartments on cargo ships and transported in large quantities. Bulk cargo transportation poses unique risks, such as cargo loss or water damage.
Marine insurance protects businesses transporting bulk cargo by providing coverage in the event of loss or damage to the goods. Marine insurance is an essential investment for companies in this industry because it offers specialized policies tailored to the specific risks associated with bulk cargo transportation.