Marine Insurance

Cover loss or damage to goods in transit

Marine Insurance

Marine insurance covers the loss or damage to ships, cargo, terminals, and any transport means by which your cargo is transferred, acquired, or held between the points of origin and the final destination. Our marine insurance package comes in three options:

Goods in Transit

This policy provides cover for loss or damage to various types of goods whilst in transit by road, rail or any inland waterway within the geographical area set out in the policy. You may opt to take a cover that caters to all risks, or one for specified perils. The specified perils include fire, theft, collision and overturning.

Marine Cargo

Provides cover for the loss of or damage to goods whilst in transit by sea or air and incidental land/ inland waterways transportation within the geographical limits and subject to conditions specified in the policy. This policy covers risks of loss or damage from accidental causes and a wide range of other perils. Either single voyage policies or annual declaration policies are offered.

Marine Hull

The policy provides cover for loss or damage to your vessel (boat, ship, liner) whilst in commission or laid up including legal liabilities to third parties, legal costs and salvage charges. This policy is ideal for; Individual/company boat, ship, liner or vessel owners, manufacturers, traders.

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FBIA is licensed by the Insurance Regulatory Authority (IRA)