Business Owners Policy
Property and general liability bundled into one policy for small and mid-sized firms.
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Ocean Marine & Cargo
Goods moving by sea and air, and the vessels and liabilities around them.
What this cover does
International trade is covered by its own body of policy wording, with general average still a live concept: when a vessel is in peril, every cargo owner can be called on to contribute to the sacrifice. Cargo cover answers that call as well as ordinary loss and damage.
Typically included
- Marine cargo — goods in transit by sea, air and connecting land legs
- All-risks or named-perils cover depending on the clauses
- General average and salvage contributions
- Hull and machinery cover for owned vessels
- Protection and indemnity liabilities
- War and strikes cover, where added
Common add-ons
- Open cargo policies covering every shipment automatically
- Warehouse-to-warehouse extensions
- Container and refrigeration breakdown
- Duty and increased-value cover
- Charterers liability
Questions
What people ask about marine & cargo
Does the carrier not insure my cargo?
Carrier liability is limited by international convention to an amount per package or per kilo that is usually far below the value of the goods. Cargo cover insures the goods themselves.
What is general average?
A principle of maritime law: where cargo or expense is sacrificed to save the voyage, all interests contribute proportionally. Without cargo cover, you can be asked for a bond before your container is released even if your goods are undamaged.
Often taken together
Related cover
General Liability
Third-party injury, property damage and advertising injury claims against your business.
Read more →Quote Ocean Marine & Cargo
Tell us what you already have and we will show you where this fits — or tell you plainly that you do not need it.