Marine Cargo And Freight Insurance
Marine Cargo Insurance & Freight Insurance from £75.00 for a single shipment, or £250.00 for annual cover, with shipment limits up to £20m
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Cost effective Cargo Insurance
If you’re relying on your logistics partner or transport company to arrange insurance for your freight or goods in transit, chances are you have limited protection and/or you are paying too much for your cover!
At Insync, we provide specialist and cost effective cargo insurance for both single one off shipments, or all your annual sendings in one simple policy.
Premiums start from as low as £75.00 (plus IPT) for a single shipment, or £250.00 (plus IPT) for annual cover, with instant quotations and cover available for shipment limits up to £20m.
Cargo Insurance Cover
Our cargo cover provides protection for goods in transit on an all-risks basis by road, rail, sea or air, including transit within the UK and to and/or from countries worldwide.
In addition, goods can be protected whilst held in a warehouse or storage facility on a stock-throughout basis.
All Risks Cover includes:
- Worldwide Imports/Exports
- UK Transits and Stock throughouts and storage cover
- Tailored clauses to meet specific exposures in worldwide territories (inc. war risk)
- Cover for tools or samples
- Exhibition cover (Worldwide)
- Airfrieght Replacement cover
- Contingent Interest cover (where you have a contingent financial interest in goods)
how and when am I responsible for insuring goods?
The key when arranging insurance for your goods is to understand your legal responsibility as part of your contract as either the owner, purchaser or seller of the goods. Legal terms are often used to reflect your contractual responsibiity and this may determine how cover is arranged:
Free on Board (FOB) – If goods are shipped on an FOB basis, the sellers responsibility ends when a carrier takes possession of them. For sea shipments, the sellers responsibility ends when the merchandise is placed safely on the vessel and/or when a bill of lading has been issued. The BUYER is then responsible for the goods from that point on.
Cost and Freight (C&F) – If goods are sold under a C&F contract, the BUYER must arrange cargo insurance for the goods as the price paid to the seller includes the cost of the goods, together with freight / shipping charges but NOT insurance.
Cost, Insurance, and Freight (CIF) – If goods are sold under a CIF contract, the SELLER must obtain cargo insurance on the goods, since the contractual price paid by the buyer includes the cost of the goods, insurance and freight / shipping charges.
Free Alongside (FAS) – If goods are shipped using FAS conditions, the sellers responsibiity ends when the goods are placed at the dock from where the vessel will be loaded. Traditionally this was a barge, or other vessel brought alongside the shipping vessel of the transit, hence the term Free Alongside.
Why choose insync for marine cargo and Freight insurance?
In today’s digital world, business has evolved, so why hasn’t your insurance broker?
We’re one of the UK’s fastest-growing insurance providers, offering exclusive schemes and facilities for businesses throughout the UK.
Say goodbye to one-size-fits-all business policies that have you paying for extras you don’t need and the slow, outdated and inefficient way business insurance is traditionally arranged!
