In today’s competitive trade environment, the transportation of goods both locally and internationally comes with its fair share of risks. Whether you’re an importer, exporter, freight forwarder, or a logistics company, ensuring the safety of your cargo is a top priority. That’s where Marine Cargo Insurance comes in.
If you’re involved in shipping goods across the borders of Sri Lanka, People’s Insurance offers a comprehensive Cargo Insurance plan to safeguard your goods while in transit. This article will walk you through what marine cargo insurance covers and why it’s a smart investment for Sri Lankan businesses.
What Is Marine Cargo Insurance?
Marine cargo insurance is a specialized form of insurance for transporting goods that protects against loss or damage during the transit of cargo. Whether your goods are transported via air, sea, or land, this type of insurance ensures that you are financially protected against unexpected events that may occur in transit.
People’s Insurance provides a marine cargo insurance policy tailored for:
- Importers and exporters
- Freight forwarders and logistics companies
- Buyers and sellers involved in international or local trade
In Transit Insurance Coverage – What is Covered?
The transit insurance coverage offered by People’s Insurance includes protection against:
- Inclement weather
- Theft or pilferage
- Rough handling
- Piracy
- Other perils mentioned in the specific cover
This level of cargo protection is essential for safeguarding your goods while they are on the move or in temporary storage.
Whether you’re moving electronics, textiles, machinery, or perishables, the Marine Insurance policy provides robust coverage to ensure peace of mind and business continuity.
Types of Cargo Insurances Available
Understanding the types of cargo insurance helps in choosing the right protection for your goods. Some common forms include:
- Open Cover: Ideal for businesses that ship frequently.
- Specific Voyage Policy: For one-time shipments.
- All Risk Cover: Offers comprehensive protection against various perils.
- Named Perils Policy: Covers only the risks specifically listed in the policy.
Each marine cargo insurance policy can be customized as per your requirement.
Why Sri Lankan Businesses Need Marine Cargo Insurance
There are several reasons why Sri Lankan businesses should purchase cargo insurance:
- Offers financial protection against accidental loss or damage
- To facilitate global trade
- Supports business continuity after a logistics disruption
- Meets compliance and contractual requirements
From inland goods in transit to transport of sea and air cargo, the Marine Insurance Policy acts as a safety net for your supply chain.
If you’ve ever wondered, “What is marine cargo insurance?”, it is simply an insurance protecting the transits by helping businesses handle unexpected losses with ease.
How to Get a Cargo Insurance Quote
Getting started is simple. You can visit the official People’s Insurance Cargo Insurance page, contact us on 0112-206306 or visit our nearest branch and request a quote instantly. Just provide your shipment details and receive the cargo insurance quotation tailored to your business needs.
In a global marketplace where businesses depend heavily on efficient and safe logistics, having freight insurance is no longer optional, it’s a necessity. People’s Insurance offers a comprehensive and reliable marine insurance as a logistics solution to cover your valuable goods while in transit.
Whether you ship locally or internationally, protect your cargo and your business reputation with Marine Cargo Insurance. It’s not just about safeguarding goods, it’s about ensuring business continuity, financial stability, and long-term success!
Contact Us: 0112 206306
Visit Us: www.peoplesinsurance.lk
