Marine Cargo & Transit Insurance

Marine transit insurance protects goods against loss, theft, damage, and natural disasters while in transit by sea, air, or land. It ensures financial protection for businesses shipping valuable goods.

While not legally required, marine insurance is highly recommended. Many international contracts require transit insurance in Australia to ensure protection against financial loss.

Yes, CGIB’s marine insurance can cover both domestic and international shipments, ensuring end-to-end protection for global trade.

Our policies can include loading and unloading coverage, protecting shipments from handling-related damages at ports, warehouses, or distribution centers.

Yes! You can request a tailored marine insurance quote online, ensuring your policy is customised for your specific cargo needs.

General Average is a maritime principle where cargo owners share financial losses if cargo is sacrificed to save a vessel. CGIB’s policies include this protection, so businesses aren’t left covering unexpected costs alone.

Yes, CGIB’s marine transit insurance includes protection against storms, floods, earthquakes, and extreme weather events that could damage shipments.

Filing a claim with CGIB is fast and hassle-free. Just contact CGIB with details of the incident, providing supporting documentation such as shipment records and damage reports. Our team then assists you throughout the claims process for a quick resolution.

Marine insurance protects goods that are being moved by sea, air, road, or rail. It will usually cover accidental damage, theft, loss, and weather-related events that can occur during transit. The goal is always to make sure your goods are protected from the moment they leave your premises, right up until they reach their destination.

Any time goods are in transit, they face risks that are hard to control. A damaged or lost shipment will cause havoc to your operations and create financial setbacks. Marine insurance gives you an extra financial buffer to keep things running, even when something unexpected comes along.

The value of the cargo is one of the biggest factors. The type of goods, the destination, the transport method, and any special handling requirements will also come into play. As you might expect, higher-value or fragile items usually require more comprehensive cover, which might bump up the premium.

Yes. Most businesses can receive a marine insurance quote quickly by submitting their shipment details online. Plan your logistics, with no extra delays.

The two are closely related, but they’re not quite the same. Marine insurance covers both local and international movements, while transit insurance applies the focus to domestic transport only. Many businesses combine both types of cover for consistent protection wherever they travel.

Some policies will offer optional cover for delay-related costs. This is a great option if a delayed delivery affects your operations or causes additional expenses. CGIB can advise on whether this option suits your situation.

Absolutely. One-off policies are available for businesses that only need occasional cover. They provide protection for a single shipment from the point of pickup to final delivery.

Yes. Transit insurance can be extended to cover high-risk areas, including regions with greater exposure to theft or severe weather. The policy terms are shaped around the specific risks of your route.

It isn’t legally required, but most businesses take it out because the cost of uninsured damage or loss can be significant. Transit insurance offers peace of mind and reduces financial exposure.