Marine Cargo insurance
Tailored multinational insurance programmes for importers, exporters, manufacturers, distributors, retailers, and wholesalers
We work with local and overseas insurers to cover your domestic and international shipments
As a large global broker, Howden can help reduce your overall cost of risk by simplifying and streamlining policies into one, broad wording that will protect you all over the world.
We’re adept at providing cost-effective cover for complex and non-standard risks – but we also source more mainstream insurance, including higher volume, lower value shipments.
Reduce stress and effort with Howden
Marine cargo insurance is less stressful with specialists
Risk is a little unusual? We'll get you a cost-effective deal while the others are scratching their heads.
Over paying or underinsuring
Avoid financial pitfalls by fine-tuning wordings and optimising spend
Choose your policy type
We offer two policy types: a one-year Marine Open policy, and a One Off policy for a specific shipment.
An Open policy covers you for 12 months at agreed-upon rates, subject to declarations.
A One Off policy covers a single shipment; door to door, anywhere in the world.
We’re ready to cover virtually any item or commodity, from a fine art painting to a hundred thousand tonnes of coffee and virtually anything in between.
What does standard marine insurance cover?
Once you have selected your policy, you can tailor it to suit your needs.
You can choose between a named perils basis, which covers you against specific risks, or an all risks basis. All risks means that everything is covered unless explicitly stated.
All of our Marine Insurance policies cover as standard:
- Fire and explosion
- Overturning of a lorry or train
- Discharge at a port of distress
- Total loss of vehicle
- General average sacrifice and jettison
We work with you to understand your risk profile, and help you choose the level of protection that your business needs.
Tailor your cover
If you need cover that falls somewhere between the standard and all risks policies, we can personalise your policy accordingly. We can add clauses to cover risks including water damage, theft, malicious damage, accidental breakage, and washing overboard.
Two risks that are not usually included in Marine Cargo insurance are War and Strikes. However, we can add these to your policy at your request.
Additionally, you may want to consider
- Stock throughput
- War risks insurance
- Confiscation & expropriation
- Credit insurance
Insurance cover and risk management are two vital aspects of international trade in goods. If you’re moving things by sea, air or rail, you’ll want to know you’ve got a robust approach to both.
Don’t be won over by cheap policies and too-good-to-be-true premiums.
They won’t offer the same cover in a crisis.