Maritime Insurance

Guide to Maritime Insurance

Maritime insurance providers help you keep your head above water
By Nikki Davis

Maritime insurance and ocean freight insurance are critical necessities for any business that has cargo or employees on the sea. Covering your assets as well as your people is imperative in case the unexpected becomes your reality.

Maritime insurance providers cover a wide variety of things from cargo, to your water craft, to the people on it. So make sure that you have adequate protection from one of the many maritime insurance agencies the next time your business chooses to enter the water.

To check out the many places you can find maritime insurance:

1. Purchase your commercial maritime insurance through your freight forwarder or customs house broker.

2. Secure your maritime cargo insurance through your carrier.

3. Find out if your supplier is already insuring the cargo.

4. For only once in a while shippers, consider the purchase of a Shipment Certificate.

5. Purchase your own open cargo policy.

Action Steps

The best contacts and resources to help you get it done

Purchase ocean freight insurance for your shipped goods Make sure that you have your shipped merchandise amply covered in case of a ship problem. Boats have been known to sink, catch fire, or become badly damaged, and you need to know that the cost of your merchandise is covered in case of such disaster.

I recommend:  TOP Cargo offers a wide variety of maritime insurance services including all risk, door to door and containers insurance.

Find maritime insurance rates for your particular need Cheapest may not equal the best when it comes to maritime insurance providers. Go with a company with a solid reputation that offers excellent coverage for the money.

I recommend:  ClearFreight, Inc. not only acts as a shipper, but they can also insure your cargo as well. M. Silver & Associates Inc. offers an extensive range of coverage including: Crew/Maritime Employer's Liability, Marine General Liability, Protection & Indemnity, Umbrellas/Excess Liability, Ocean Cargo, Hull/Equipment, Loss of Hire, Marine Contractor's Package and Oil Pollution Liability Act. They even special pricing available for boat dealers, docks, excursion cruise companies and more.

Check out the many maritime insurance rates and services Maritime insurance services aren't just for shippers and cargo companies. Any company that owns a boat or deals with water should consider looking into maritime insurance service.

I recommend:  Maritime Insurance, LLC. offers many different insurance options for the boating and water lifestyle. Allstate and State Farm both also offer insurance for your water crafts.

Tips & Tactics

Helpful advice for making the most of this Guide

• Companies like State Farm and Allstate can give you multiline discounts if you choose to insure more than one asset with them.