Marine cargo insurance helps to safeguard against potential risks such as damage, loss, or theft during the journey.

With marine cargo insurance coverage, businesses can avoid the devastating financial impact of unexpected incidents that may occur during marine transport. Our comprehensive cover, insures you from the supplier right up to final delivery destination – in one single package.

By investing in marine freight insurance, companies can protect themselves from costly mistakes and poor outcomes that could result in financial loss.

GoldStar Insurance offers an All-Risks Marine Cargo Insurance policy tailored to your needs. Our policy exceeds the coverage offered by the standard With Average policies, providing you with a wider safety net for your business operations.

At GoldStar Insurance, we understand that every cargo has its unique risks. Therefore, our All-Risks policy is designed to protect against every conceivable transportation peril.

However, please note that the policy does not cover loss of market, damage caused by delay, war, strikes, riots, inherent vice of goods, and civil commotions, unless specifically included in your policy.

Choose from three forms of coverage – Institute Clauses A, B and C – each offering different degrees of protection. With these options, you can choose a marine and cargo insurance policy that best fits your business demands.

There are 3 marine cargo insurance types that the GoldStar Marine Cargo Insurance Policy covers:

Marine Annual Cover

Our Marine Annual Cover provides a blanket cover against loss or damage to all goods transported by a specific carrier or shipper during a stated period. The terms of this marine cargo policy are agreed on at the start and premiums are charged upfront with declarations made monthly. 

We provide our clients with an online portal to self-issue certificates and track their declarations.

Marine Open Cover

Our Marine Open Cover provides a blanket cover against loss or damage to all goods transported by a specific carrier or shipper during a stated period. The terms of this policy are agreed on at the start and premiums are charged as actual shipments are done. 

This flexible approach allows you to adapt to the changing needs of your business. 

As an insured party, all you need to do is provide us with periodic updates on the description, quantity, and value of goods shipped during that period.

Marine Specific Policy

If your business only requires cover for a certain transit, we offer the Marine Specific Policy. This policy provides cover for a single transit and mainly ends upon the cargo’s arrival at its destination.