One Policy, Year-Round Protection

Secure your shipments with our Annual Open Marine Insurance Policy — seamless, flexible, and cost-effective coverage for your business needs.

Marine Cargo & Marine Lines Insurance

Tata Marine Cargo and Marine Lines Insurance offers tailored coverage solutions for businesses involved in the transportation of goods across land, sea, and air. Our comprehensive policies are designed to safeguard your cargo against a wide range of risks, ensuring business continuity and peace of mind in global trade operations.

Key Features:

• Comprehensive Coverage: Protection against damage, theft, and loss during transit.
• Global Reach: Covering shipments across sea, air, and land routes.
• Customizable Policies: Tailored solutions for importers, exporters, and logistics providers.
• Risk Management: Mitigation of risks associated with natural calamities, piracy, and accidents.

Contact our experts to tailor a marine insurance plan that aligns with your business needs and shipping destinations.

What is an Annual Open Marine Insurance Policy?

An annual open policy provides a comprehensive insurance solution covering multiple shipments over a 12-month period. It eliminates the need to purchase individual policies for each shipment, offering flexibility and savings.

How Does It Work?

You purchase the policy once and pay a premium based on your estimated cargo volume and risk profile. Throughout the year, you can add or remove coverage as needed, with claims processed according to the terms specified in your policy documents.

Ideal For:

• Growing Businesses: Planning expansion and increasing shipment volume.
• SMEs & Startups: Streamlining insurance management for multiple consignments.

Coverage Details

Typical inclusions in an annual open policy include:

• Ship sinking
• Collision and overturning
• Damage from natural calamities
• Fire and explosions
• Stranding and jettisons
• Washing overboard
• Forwarding and land transit expenses
• Theft and pilferage
• Reconditioning costs

Open Policy vs. Open Cover

• Open Policy: Offers comprehensive coverage for all shipments during the policy period, with higher insured sums, paid upfront.
• Open Cover: A flexible policy covering multiple shipments over 12 months, without declaring each shipment individually.

Final Considerations

An annual open marine insurance policy is ideal for businesses with regular shipping needs. It simplifies documentation, reduces costs, and provides flexible coverage tailored to your evolving risks.

Protect your cargo efficiently—consult with our team and get started today.

Contact Us

Tata AIG Marine Insurance offers comprehensive, customizable solutions for your shipping requirements. Reach out to us to secure peace of mind during every shipment.