Marine Cargo insurance

Tailored cover

At Howden, we’re adept at providing cost-effective cover for complex and non-standard marine risks – but we also source more mainstream insurance, including higher volume, lower value shipments. Cargo Insurance can be tailored to virtually any item or commodity, from a fine art painting to thousands of tonnes of coal and almost anything in between.

We work with local and overseas insurers to cover your domestic and international shipments

Reduce stress and effort with Howden

Marine cargo insurance is less stressful with specialists

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Complex/non-standard risks

Risk is a little unusual? We'll get you a cost-effective deal while the others are scratching their heads.

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Over paying or underinsuring

Avoid financial pitfalls by fine-tuning wordings and optimising spend

Marine policies work in two ways:

  1. Open policy covers you for 12 months at agreed rates, subject to declarations
  2. One-off policy covers a single shipment; door to door, anywhere in the world 

You can choose between a named perils basis, which covers you against specific risks, or an “all-risk” basis (where we consider a scenario covered, unless explicitly stated otherwise).

The main perils covered as standard

  • Fire and explosion
  • Stranding
  • Sinking
  • Capsizing
  • Overturning of a lorry or train
  • Collision
  • 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 policy to suit your needs

We can add clauses to cover risks including: 

  • Advance Loss of Profit
  • Water damage 
  • Theft 
  • Malicious damage 
  • War 
  • Strikes 
  • Accidental breakage 
  • Washing overboard
  • Loading and unloading
  • Customs Duty
  • Removal of Debris

Some of these clauses may be available at no extra costs, depending on your risk profile. 

You may also want to consider:

  • Stock throughput
  • Confiscation & expropriation
  • Credit insurance

Margins are tight in shipping and logistics - you need maximum value for money from your insurance. We’re here to provide it. Howden’s added value consultancy helps with cutting costs without cutting corners – it’s no use having an insurance policy that looks low cost then doesn’t pay out when you need it most. 

Switch and save

Tell us about your situation, we'll tell you how to save

Let's talk...

+62 21 2939 4900

We'll put you in touch with the person best equipped to help.

Call us on +62 21 2939 4900 or drop us a quick message and we'll get back to you asap

Visit us at: Millennium Centennial Center, 33rd Floor, Jl. Jend. Sudirman Kav.25, Jakarta 12920

Meet the team

Firman

Firman Amersyah
Vice President, Strategic Business Development

Ega

Ega Napitupulu
Vice President

Alan

Alan Sabaruddin
Claims Executive