The Marine Insurance policy includes

  1. Comprehensive Coverage: The Marine Insurance policy offers "All Risks" coverage, which means it protects your goods against a wide range of potential losses or damages that may occur during transit from one country to another. This includes risks such as theft, damage due to natural disasters, accidents, and other unforeseen events.
  2. Flexible Options: PAX Insurance's Marine Insurance policy can be arranged on an "Open Cover" basis or a "specific" basis, depending on your business needs. The Open Cover option anticipates the transits to be made throughout the year and requires periodic declarations of actual transits made. On the other hand, the specific basis provides coverage only for consignments declared before transit. This flexibility allows you to choose the most suitable option for your business operations.
  3. Tailored Solutions: PAX Insurance understands that each business has unique needs and requirements when it comes to the transportation of goods. As a result, the Marine Insurance policy can be customized to meet your specific needs, ensuring that you have the right level of coverage for your business operations.
  4. Expert Claims Support: In the event of a loss or damage to your goods during transit, PAX Insurance offers professional and prompt claims support to help you recover your losses quickly and efficiently. This includes assistance with processing the claim, assessing the damage, and providing compensation as required under the terms of the policy.
  5. Risk Management Advice: PAX Insurance also provides expert advice on risk management strategies to help you minimize potential risks associated with the transportation of goods. This may include recommendations on packaging, transportation methods, and other best practices to reduce the likelihood of loss or damage during transit.

PAX Insurance's Marine Insurance policy is a comprehensive and customizable solution designed to protect businesses involved in the import and export of goods. By choosing PAX Insurance for your marine insurance needs, you can rest assured that your goods are protected against various risks associated with international transportation, allowing you to focus on growing your business with confidence.