Marine Insurance

Marine Cargo Insurance protects your goods from damage, theft, or loss while transported by sea, air, or land, from the time they leave the warehouse until delivery to their final destination.

What is Marine Insurance?

It’s incredibly common for goods to be chipped, damaged, lost or even stolen while being transported. Marine Cargo Insurance ensures you won’t suffer massive losses from products that go missing or get compromised.

If you ship goods from Singapore abroad, or receive goods internationally, then this type of protection is vital for your business.

What does Marine Cargo Insurance Cover?

Marine Cargo Insurance protects shipped goods against:

Sinking or collision of vessels
Damage during loading or unloading processes
Theft or non-delivery
Piracy
Natural disasters such as tsunamis, storms at sea, floods, and earthquakes
Fire or explosion on the ship during transit

Do I Need Marine Cargo Insurance?

This insurance is important if your business falls under these categories:

Importers / Exporters
Logistics companies
Freight forwarders
Manufacturers who source goods or deliver goods internationally
As part of a contractual requirement by the importer
Wish to reduce the potential financial loss of goods while in transit

How Much Does Marine Cargo Insurance Cost in Singapore?

Premium rates vary from cargo to cargo, largely dependent on the following factors:

Type of cargo: Whether perishable goods, hard/soft commodities, electronic or electrical products
Point of destination: the longer the route, the higher the premium: or if the sea route is prone to piracy activities in that area
The value of the goods for delivery

Why choose Us !?

Experienced

All of our staffs have up to 15 years of experience in the industry, offering competitive quotes and professional advices that best fit your personal and business needs.

Reliable

We have built good relationship with reputable and reliable insurers to provide you with the best quotation for you and your business needs.

Unique

Other than offering insurance products, we also provide services in re-financing and financing your newly purchased personal and commercial vehicle.

Quote First Agency Pte Ltd