Marine transport remains essential to the lifeblood of the global economy. An almost inexhaustible list of goods travels around the world by sea, lake, and river. Despite technological improvements, there are still a number of complex risks involved in the marine transport process. Whatever your role in the industry, marine cargo coverage is essential to protect your company’s finances, your workers, and your clients’ cargo.
What Does Marine Cargo Coverage Encompass?
Specifics of a marine cargo coverage will ultimately depend on your company’s unique role in the industry. With that in mind, it is worth considering the broad array of risks that can arise in marine transport:
- Loss and damage to cargo are consistent risks in marine transport, due to long distances being traveled, the necessity of repeatedly moving freight, weather risks, piracy risks, and more
- Multiple forms of transport compound risk; marine risk may be elevated by intermediate transport by rail or truck
- Workers face unique risks in marine cargo environments, ranging from damages sustained while moving heavy cargo, to injuries occurring at sea, and more
In short, it is essential to make sure your business is well-covered in the event of any incident. An experienced insurer can help you design a comprehensive policy that ensures your business stays afloat, and your clients remain satisfied, no matter what happens in the transport process.