Marine Transit

When transit insurance matters

Transit risk becomes material when the value or volume of goods being moved creates financial exposure that can't be absorbed as a cost of doing business. A mining company shipping $5M in concentrate per month to port, a construction company transporting prefabricated structural steel between fabrication workshop and project site, or a medical equipment supplier distributing high-value diagnostic equipment nationally — all carry transit exposures that warrant dedicated cover.

What we cover

Goods in transit — covering loss or damage to goods during transport by road, rail, sea and air, on an all-risks or named-perils basis depending on the goods and transit mode.

Stock throughput — combining transit cover with storage at intermediate locations, warehouses and project sites under a single policy, eliminating gaps between separate property and transit policies.

Project cargo — covering the transport of oversized, heavy-lift or specialist equipment to project sites, including loading and unloading operations.

Carrier's liability — while carriers have limited liability under Australian transport legislation, the statutory limits are often well below the actual value of goods being carried. Marine transit insurance covers the gap.

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