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 AIG Australia > For Businesses > Assets > Marine
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A number of Marine Insurance products are available to protect businesses connected
with the marine industry and importers/exporters. It can offer financial protection
to businesses who transport goods overseas, cover for the cargo being transported,
and also cover for specialist equipment such as for the energy industry. In addition
it can protect from the financial impact of disruption following loss or damage.
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Why do you need it?
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Goods and equipment are vulnerable to loss when in transit to export markets. Exports
can pass through several carriers hands and are often stored in conditions that
offer less than ideal security. These and the additional potential of an accident
occurring to the conveyance concerned, are just some of the factors that add to
the risk.
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Businesses involved in transporting goods overseas have increasing exposures as
international regulators seek to impose ever-stricter minimum standards, while individual
countries have already registered in this area. Failure to adhere could have severe
financial implications.
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It is also more beneficial to 'own' your own Insurance rather than rely upon that
provided by others.
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Who needs it?
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Manufacturers and cargo owners importing and exporting goods need this type of insurance
to protect their assets. Freight forwarders and logistics companies often arrange
asset protection coverage for their principals and they also require protection
themselves to cover potential liabilities.
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Why use AIG Australia ?
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We offer businesses a range of flexible covers, including business interruption
to protect their assets. Our global network of offices allows us to provide hands-on
support for our clients, should they require local policy issuance or suffer a serious
incident, wherever it occurs.
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We recognise that every organisation's needs varies substantially in this industry
and our range of products therefore includes both specialist primary insurance and
excess liability programmes. Tailored individual programmes have significant benefits
in that the company obtains the cover it precisely requires, with no overlapping
of protection or potentially costly gaps in cover.
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Find out more
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Contact us
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