Trade your goods around the world with confidence, without worrying about marine-related risks and threats. Outrisk Insurance is your expert team of marine and cargo brokers that will help you protect your business’s reputation and financial stability according to international standards.
What is Marine Insurance?
What is Marine Insurance?
As goods travel between countries by cargo vessels and ships, keeping control becomes difficult. Weak logistic infrastructure, theft, disrupted supply chains, and any other unfortunate incident can seriously threaten your company’s reputation and cash flow.
Marine cargo insurance protects against threats related to goods’ navigation and transportation within a country or between different countries.
The insurance policy can provide indemnity for total or partial loss or damage of the cargo. Some policies can also cover goods held in storage within Cyprus. The cargo might range from raw materials to finished goods.
Read MoreAs goods travel between countries by cargo vessels and ships, keeping control becomes difficult. Weak logistic infrastructure, theft, disrupted supply chains, and any other unfortunate incident can seriously threaten your company’s reputation and cash flow.
Marine cargo insurance protects against threats related to goods’ navigation and transportation within a country or between different countries.
The insurance policy can provide indemnity for total or partial loss or damage of the cargo. Some policies can also cover goods held in storage within Cyprus. The cargo might range from raw materials to finished goods.
Marine cargo insurance can cover individual shipments or be purchased as an ongoing contract, known as “open policy.” An open policy can cover specified goods anywhere in the world.
Marine cargo insurance is useful to all businesses that manufacture, import or export goods that need marine cargo insurance.
Why insure your Marine Cargo with Outrisk Insurance?
Why insure your Marine Cargo
with Outrisk Insurance?
Outrisk Insurance strives to offer businesses a comprehensive and bespoke risk management solution to help minimize the potential for cargo loss or damage. We identify and measure customer needs to provide integrated and hassle-free services.
We are committed to building strong and lasting relationships with our clients. For this reason, we work hard to find the most appropriate insurance plan for your marine business and cargoes and also deal with your claims fast and efficiently.
Read MoreOutrisk Insurance strives to offer businesses a comprehensive and bespoke risk management solution to help minimize the potential for cargo loss or damage. We identify and measure customer needs to provide integrated and hassle-free services.
We are committed to building strong and lasting relationships with our clients. For this reason, we work hard to find the most appropriate insurance plan for your marine business and cargoes and also deal with your claims fast and efficiently.
Outrisk insurance combines a pragmatic business approach and technical efficiency to ensure the best possible protection for your assets and business reputation.
Our insurance policies are in line with the international insurance standards applied to the shipping and insurance market around the world.
We can help marine businesses in Cyprus of any size, from small companies to million-dollar firms.
All Risk Protection
You get comprehensive marine insurance covering the vessel, cargo or third-party liabilities from damage, loss and other potential risks.
Tailored Packages
We offer bespoke marine insurance packages to fit your unique business requirements.
Reliable Insurance Broker
Serving Cyprus since 1989, we have an undeniable track record with successful marine insurance deals and 100% satisfied customers.
Competitive Premiums
You receive extensive coverage with extra benefits at the most competitive prices in Cyprus’ insurance market.
Always By Your Side
Our team is readily available 24 hours, 7 days per week to help with unexpected events, accidents, and other emergencies.
Expert Assistance
The top priority of our reliable and expert insurance agents is to help you choose the best insurance policies to protect your cargo in transit and storage.
Who is this for?
Aimed at importers, exporters, manufacturers and suppliers who transport their cargo by vessel or ships.
Call Us +357 97770067
Email us info@outrisk.com
Industries in need of Marine Insurance
Industries in need of Marine Insurance
- Tobacco
- Food & Beverage
- General Commodities
- Pharmaceuticals / Biotech
- Oil & Gas
- Clothing
- Agricultural commodities
- Minerals
- Machinery
- Manufactured goods
- Project Cargo
- Military Equipment
- Aircraft Spares
- Stock Throughput
- Tobacco
- Food & Beverage
- General Commodities
- Pharmaceuticals / Biotech
- Oil & Gas
- Clothing
- Agricultural commodities
- Minerals
- Machinery
- Manufactured goods
- Project Cargo
- Military Equipment
- Aircraft Spares
- Stock Throughput
What does Marine Insurance cover?
What does Marine Insurance
cover?
- Shipment damage or loss during transportation
- Cargo damage or loss
- Ship damage or loss
- Theft
- Improper stowage by carrier
- Hook damage
- Untoward perils like-sinking
- Collision with another ship object
- Burning
- Weather conditions
- Navigation errors
- Strikes
- Wars
- Jettison
- Natural perils
- Terminals
- Earthquakes
- Volcanic eruption or thunderbolt
- Freshwater inflow into the container
- Fire
- Tobacco
- Food & Beverage
- General Commodities
- Pharmaceuticals / Biotech
- Oil & Gas
- Clothing
- Agricultural commodities
- Minerals
- Machinery
- Manufactured goods
- Project Cargo
- Military Equipment
- Aircraft Spares
- Stock Throughput
- Theft
- Improper stowage by carrier
- Hook damage
- Untoward perils like-sinking
- Collision with another ship object
- Burning
- Weather conditions
- Navigation errors
- Strikes
- Wars
- Jettison
- Natural perils
- Terminals
- Earthquakes
- Volcanic eruption or thunderbolt
- Freshwater inflow into the container
- Fire
Get an insurance quote
Get an
insurance quote
We have the experience and the competitive prices.
Have a look at what we have to offer.
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Frequently asked questions
Marine insurance usually provides protection against certain damages and losses related to a vessel or ship that transports goods, as well as coverage for the cargo per se.
There are three common types of Marine Insurance:
- Hull Insurance
Hull insurance protects the boat or vessel and their operating equipment against physical damages. The policy is applicable for water vessels, commercial ships, tugboats, oil rigs, barges and more.
- Cargo Insurance
Cargo insurance provides coverage to goods conveyed in vessels and ships or transported as part of the shipment process. The policy might include protection against physical damage, loss and other risks.
- Marine Liability Insurance
This coverage offers protection against third-party liabilities, such as illnesses, injuries or even loss of life caused by ship or vessel operation. Shipowners and marine businesses might face several risks and threats during water operations, so this type of insurance helps them protect their business reputation and financial stability. It may also cover medical expenses, collision accidents, vessel damage and more.
Even though there are law and safety regulations about transporting goods by water, shipping companies and couriers can’t control all occurrences that can disrupt the vessel or cargo. Cross-border conflicts, pirates and weather hazards are common risks that may have a serious financial impact on ship owners.
Marine Insurance comes as a rescuer, protecting transporters and shipping companies against the above-mentioned and various other possible losses and damages to vessels or cargo.
In addition, each shipping corporation can adjust the insurance policy to its specific needs. Various policies are available to offer coverage based on the size and type of ship as well as the route taken.
