Marine Cargo insurance
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
Marine policies work in two ways:
- Open policy covers you for 12 months at agreed rates, subject to declarations
- 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
- 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 policy to suit your needs
We can add clauses to cover risks including:
- Advance Loss of Profit
- Water damage
- Malicious damage
- 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
Meet the team