Insurance for the Marine Industry
Whatever you love on the water, we can provide a comprehensive coverage, excellent value for the craft of your choice.
Marine insurance in Australia is an essential part of the country’s maritime industry, providing coverage for a wide range of risks associated with the shipping and transportation of goods. It helps businesses manage the financial risks that come with shipping goods or operating vessels in both domestic and international waters. Here’s an overview of marine insurance in Australia:
Types of Marine Insurance in Australia:
Hull Insurance
Covers physical damage to ships, boats, and other vessels. This type of insurance protects the vessel itself against risks like collisions, grounding, or sinking.
Cargo Insurance
Protects goods being transported by sea. It covers damage or loss of cargo due to various factors such as bad weather, theft, or mishandling during transport. Cargo insurance can be purchased for specific voyages or as an annual coverage.
Marine Liability Insurance
This insurance covers legal liabilities arising from damages caused to third parties, such as injury to crew members or passengers, pollution, or damage to another vessel.
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