Marine Insurance
Marine Insurance starting from Kshs.3000 per shipment
Marine Insurance is a vital component for anyone involved in the transportation of goods in Kenya. With various coverage options available tailored to meet specific needs, businesses can protect their assets against unforeseen events during transit. Explore offerings from trusted insurers with us to ensure your cargo is safeguarded throughout its journey!
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Marine Insurance is essential for businesses and individuals involved in the shipping and transportation of goods in Kenya. This insurance provides comprehensive coverage for losses or damages to ships, cargo, terminals, and any transport means used during transit. With the increasing volume of imports and exports, having reliable marine insurance is crucial for mitigating risks associated with maritime activities.
Key Features
- Marine Cargo Insurance
- Covers loss or damage to goods while in transit by sea, air, or land.
- Policies can be tailored to cover all risks or specified perils such as fire, theft, and collision.
- Available as single voyage policies or annual declarations for regular shippers.
- Goods in Transit Insurance
- Provides coverage for goods transported overland, protecting against risks such as theft and accidental damage.
- Ideal for businesses that frequently move goods within Kenya.
- Marine Hull Insurance
- Protects vessels against physical damage and liabilities while they are in commission or laid up.
- Coverage includes legal liabilities to third parties, salvage costs, and damage to the vessel itself.
- Liability Coverage
- Offers protection against legal liabilities arising from accidents involving the insured vessel or cargo.
- Essential for ship owners and operators to safeguard against potential lawsuits.
- Optional Extensions
- Coverage can be extended to include political violence, natural disasters, and specific high-value items.
- Additional benefits may include coverage for loss of hire due to vessel damage.
Pricing Plans
- Basic marine insurance plans start from approximately KES 3,000 per shipment.
- Comprehensive packages that include multiple types of coverage can range from KES 10,000 to KES 50,000 annually based on the value of the goods and the extent of coverage required.
Insurers Offering Marine Insurance
Several reputable insurance providers in Kenya offer marine insurance products:
- Britam
- Jubilee Insurance
- AIG Kenya
- Heritage Insurance
- CIC Insurance Group
- Sanlam
