Marine And Goods In Transit Insurance Simplified

In the dynamic world of global trade today, marine and cargo transport play a pivotal role in the movement of goods and commodities. However, the unpredictable nature of the maritime industry makes it vulnerable to a wide range of risks and this is where insurance steps in.

The Marine Cargo insurance policy covers loss or damage to goods and/or merchandise in transit from one place to another by sea, air, rail or road. Goods in Transit insurance on the other hand covers loss or damage to various types of goods while in transit by road, rail or any inland waterway within the geographical area set out in the policy.??

These policies protect your goods from the moment they leave the warehouse to your doorstep.? They provide cover against risks such as accidental fire, theft and pilferage, loading and unloading risks, piracy, malicious damage and others and is available for both individuals and companies.?

So, what do we need to quote and cover your goods? We require the type of goods, destination and arrival locations, mode of transportation, limit per transit and the estimated annual transit limit if for those that do multiple shipments. Cover is confirmed immediately after receipt of instructions from the client and issuance of policy documents in less than 24 hours from receipt of instructions.?

This type of insurance not only shields businesses from the financial impact of cargo damage or loss but also helps foster trust among trading partners. It ensures that disruptions in the supply chain can be promptly addressed, thereby enhancing Uganda's reputation as a reliable trade partner on the global market.

The Uganda Revenue Authority with the Insurance Regulatory Authority of Uganda from 1st October 2023 mandated that all marine insurance must be resolved through local insurance firms. Liberty General Insurance Uganda Limited is on the right curve of this change. We are not only licensed providers for Marine Insurance but have also partnered with one of the biggest logistics firms in the country, Multilines International Ltd to bring speedy and easily accessible insurance services to anyone, anywhere, at any time and at your fingertips.

?Comfort is the name of the game and that is what Liberty offers while you await your delivery. For more information, please contact us at +256 740 446 717|0312246500| [email protected].