If your business needs to ship goods, marine cargo cover is an excellent option.  Whether the cargo in question is raw materials or finished goods, if they are being shipped nationally or internationally, marine cover can protect them.  It is well-suited to businesses that rely on third-party logistics or delivery companies simply because your policy is likely to work out cheaper than using the one they offer.

How To Save On Marine Cargo Insurance Quotes

Being one of the more complicated, specialist insurance policies make marine cargo one of the more challenging to save money on. There are, however, some easy ways to save, including:

• Don’t rely on the cover offered by your freight forwarder or haulier – it’s the easy way to get cover, but it is likely to cost you more
• Shop around – or better still, get your local Coversure insurance broker to do the shopping around for you.  An independent broker will be able to tell you what you need and will have access to a range of insurers so they can shop around and get you the best deal
• Pay annually – if you need to make regular shipments and so need an annual policy, then pay for it annually
• Secure your cargo – nothing will push up premiums like a claim, so if you can demonstrate that you are taking steps to protect your goods – by adding trackers, extra security to your lorries, extra packaging around your goods, and avoiding risky shipping routes – this will all help reduce costs of cover
• Go for a higher excess – if you’re prepared to pay more in the event of a claim via your excess, this can reduce marine cargo insurance quotes.  If you have a good, low claims record, then it is well worth considering