Business Insurance
Marine Insurance
Protection for businesses operating commercial vessels, watercraft, moving cargo, or running a marina.
Marine insurance helps protect your business from loss or damage to vessels and cargo as well as the delivery and storage of goods.
Here’s what you need to know!
Who should consider Marine Insurance?
Marine insurance is important for businesses involved in shipping or receiving goods, operating watercraft commercially, repairing vessels, running a marina and more.
Marine insurance can provide valuable cover on both land and sea for:
- Freight forwarders
- Importers and exporters
- Marina owners
- Mining companies
- Primary producers
- Removalists
- Tourism operators
- Wholesalers
What can Marine Insurance cover?
There are different types of marine-related insurance policies – the type you choose will vary based on your specific needs.
Depending on which policy you choose, marine insurance policies can cover:
- Goods transported by sea, air, rail or road from collection point to delivery.
- Marina operators, yacht clubs, ship repairers, port authorities and other marine service providers against third-party injury and property damage.
- Loss or liability for commercial vessel operators, such as charter or tourist boats, fishing vessels, tugs or barges.
- Trucking or logistics companies who transport goods within Australia.
- Pleasure crafts, such as yachts or cruisers for accidental damage, theft, sinking, property damage and even third-party injury for water skiers.
What isn’t covered under Marine Insurance?
There are exclusions. There is also often a deductible or excess and limits on cover. Please contact us at JGM Insurance Brokers for more information and we will be happy to help you.