Marine Cargo Insurance

Transporting goods by land, sea, or air exposes them to a wide range of risks – from theft during transit to damage at sea, this cover ensures your cargo is protected every step of the way.

About Marine Cargo Insurance

Marine Cargo Insurance offers essential protection against these risks, helping you avoid costly financial setbacks.

Our policies can cover raw materials, components, finished and semi-finished products, with valuation aligned to each stage of production. We also offer Stock Throughput Insurance, which includes protection for goods stored in UK and overseas warehouses and during distribution.

Why Businesses Should Consider Marine Cargo Insurance

Marine Cargo Insurance offers broad, flexible protection to match the complexities of global and domestic trade:

• Warehouse-to-warehouse cover, including loading and unloading risks
• Optional extensions to cover UK domestic transits, warehousing, exhibitions, inter-company transits, and returned goods
•  All Risks protection against physical loss or damage during transit by sea, air, road, or rail
• Tailored policies structured around Incoterms and your specific terms of sale or purchase
• Contingent liability cover to protect both buyers and sellers’ interests
• Unique, enhanced policy wording to include additional protections specific to your business needs

Unlike standard Goods in Transit insurance, Marine Cargo Insurance offers broader protection. It covers your goods not only during transportation, but also during loading, unloading, and storage — both domestically and internationally.

No matter the size of your business or the sector you operate in, Eaglemat can provide a tailored Marine Cargo Insurance policy to suit your specific needs.

Do I Need Marine Cargo Insurance?

If you’re moving goods by land, sea, or air, Marine Cargo Insurance is a smart and often essential way to protect your business from financial risk — especially when a carrier’s liability is limited or excluded.

Relying solely on a carrier’s coverage may leave significant gaps. In many cases, businesses save money and gain greater peace of mind by arranging their own tailored policy.

Additionally, Marine Cargo Insurance is often a requirement under certain contractual terms of sale (Incoterms), making it not just beneficial, but necessary for compliance and commercial security.

Whether you’re an importer, exporter, or distributor, having your own Marine Cargo policy ensures your goods are protected throughout their journey — from origin to destination.

Marine Cargo Insurance is not just for large-scale importers or exporters — it’s essential for any business transporting goods, whether across the country or around the world.

Who Is Responsible for Insuring the Goods?

When cargo moves from one location to another, multiple parties may be involved — each with different responsibilities along the supply chain. Determining who is responsible for insuring the goods depends on the contractual agreement between the buyer and the seller.

These agreements are defined by internationally recognised rules known as Incoterms (short for International Commercial Terms), developed by the International Chamber of Commerce (ICC). Incoterms specify who is responsible for the cost, risk, and insurance of goods at various stages of the shipment process.

Understanding and applying the correct Incoterm helps reduce confusion, prevent disputes, and ensure clarity in global trade. It also plays a crucial role in determining when risk transfers from the seller to the buyer — and who should arrange insurance cover at each stage of the journey.

Protect your goods in motion — speak to our team today for expert advice and a competitive quote

At Eaglemat, we bring in-depth knowledge of your sector and work with a carefully selected panel of market-leading insurers and specialist providers to find the right cover for you. Let us handle the hard work so you can focus on what matters most. For a personalised quote, give us a call on 0116 507 8701 or simply fill out the form below — we’re here and happy to help.