Marine Cargo Insurance in Australia

Protective cover for loss or damage when shipping and receiving goods whilst in transit

As risk management becomes necessary to different businesses, marine insurance policies like marine cargo, general cargo, and freight insurance can help you get peace of mind. 

What is marine cargo insurance?

Marine Cargo Insurance protects your business against the loss or damage of goods whilst in transit for any method of transport — land, sea, air, or rail. It provides cover from the point of origin, including loading and unloading, until the goods reach their final destination.

Do I need marine cargo insurance?

Yes. A number of things could go wrong when you are moving your goods from one place to another. If your business is not properly covered, you could face a significant financial strain if the goods in transit are either lost or damaged.

Risks associated with your consignment:

Who needs marine cargo insurance?

Any business that sends or receives goods needs insurance, particularly industries that rely on transporting goods need marine cargo insurance.

Sparrow Insurance can assist you, you can get help with a policy to have your business and goods insured.

Get in touch with us for advice on how to design your Marine Cargo Insurance.

Other Business Insurance Products for Additional Protection

Risks for businesses are not only related to practice but to business operations as well. Get covered by other business insurance on top of marine cargo insurance. These policies below are a recommendation only and are subject to a review of your specific requirements

Management Liability

is specifically for private companies and covers claims of wrongful management, employment practices breaches (wrongful dismissal or discrimination actions), crime (theft by employees or third parties), tax audit, and statutory fines and penalties.

Business Insurance

This protects your business, covering equipment and property damage from accidents, losses due to theft, fire, glass but not limited to. You may also want to consider Business Interruption, for the potential loss of income, under certain sections of the business policy.

Tax Audit Insurance

Whether you run a small or large business or work as a contractor. This insurance will cover your business for tax auditing by the ATO.

Cyber Insurance

If you maintain a website or a digital record of your customers’ personal information, especially online, you are at risk of a data breach. This policy covers you from data theft.

Workers’ compensation is a mandatory requirement for all businesses to cover their staff and contractors in the event of an accident.

Personal Accident and Illness Insurance

This insurance is for every individual, business owner or contractor, as accidents and sickness do happen to business owners and contractors. This may assist your business to enable you to employ staff to cover you, the business owner, while you are unable to work.

Get in Touch with Sparrow Insurance

Any business always poses risks to both the business owner and the clients. With marine cargo business, the risks can even be higher. To minimise such risks, arranging an insurance policy can help, so you can have peace of mind as you provide your services.

Sparrow Insurance can assist you with arranging a customised insurance for your business needs.

Get an insurance review or request a quote online now.

FAQs

Can I ship from Australia to anywhere in the world, and vice versa?

Generally, you can ship from Australia to any location worldwide. However, insurance companies may ask for further information when the destination is considered high risk. They may also require you to submit additional shipment documents following the destination country’s legal requirements.

 

How much does this insurance cost?

The cost depends on the level of cover you want to get and the business type and service you offer. Sparrow Insurance can assist you, you can get help with a policy to have your business and goods insured.

 

How do I apply for this insurance plan?

Talk to us through the Contact Us page or give us a call at (07) 550 28326. We can proceed with the initial consultation, where we can assess your business operations. From there, our trusted insurance brokers can present to you several packages to choose from. Get in touch with us for advice on how to design your Marine Cargo Insurance.

Do I need workers compensation insurance?

Yes, if you employ staff or contractors. Workers compensation is mandatory in Australia, although the rules and regulations may vary from territory or state.

 

Is there a fee for additional coverage?

Extras in insurance cover come with additional fees.