Marine hull insurance is the type of insurance that covers loss or damage to the vessel including and equipment. It also covers legal liability to any third party because of negligence related to the operations of the vessel or the actions of the crew.
Vessel owners and operators and any associated businesses that may require marine hull insurance including;
Marine Cargo Insurance protects properties, while in transit, against damage or loss caused at sea. Damage or loss could be due to several risks such as; rogue waves, dock strikes, heavy seas ….., etc.
The movement of cargo around the world by sea, air or land conveyance, and other means is a continuous business operating across all time zones, and thus, naturally involves a plethora of risks. This is why our Marine Cargo Insurance policy covers the risks involved in the transportation of cargoes, such as carriage of sensitive cargoes, valuable cargoes, plant and machinery, bulk and project cargoes that are diverse. These risks include damage by fire, theft, breakage, drowning, accident, and other perils.
Marine Cargo Insurance policy is recommended for importers, exporters, manufacturers, and large project cargoes (principals/contractors) on the warehouse to warehouse basis.
Marine Cargo War and Strikes Insurance covers against accidental physical loss and/or damage to the cargo during transit by sea, air, land, or parcel post caused by war and strikes
Beema issues two types of cargo insurance policies
This policy is issued to individuals or companies to cover the transit of cargo for a single consignment on terms and conditions to be agreed upon prior to shipment.
This is a long-term contract (generally signed for a period of 12 months) specifically designed for companies with large volume of business. It automatically covers all their transits that fall within the scope of the policy’s terms and condition