Marine insurance protects against the loss or damage of ships, cargo, terminals, etc. used to transfer, acquire, or hold property between the points of origin and destination.
Marine Insurance is a class of property insurance that insures property while in transit against perils consequent or incidental to the navigation of the sea or air or rail/road/inland waterways.
Marine insurance for business shipping is required to protect the shipper against any risks. A marine insurance policy can have various variations depending on criteria such as the vessel type, the purpose of the voyage and its destination, the cargo and contents, and so on. Alsabah Insurance Broker Company also encompasses Onshore and Offshore exposed property (container terminals, ports, oil platforms, and pipelines), Hull, Marine Casualty, and Marine Liability.
Alsabah Insurance Broker Company has developed an array of marine insurance services to fit any type of vessel, whether it is a pleasure craft like a yacht, a working vessel like a fishing boat, or a massive container ship used in shipping, based on its vast knowledge and experience serving the community in Kuwait. The insurance coverage will be based on factors such as size, structure (fiberglass, wood, etc.), manner of propulsion, and whether it will carry goods.
Other policies in this segment are:
1. Goods Transport
2. 3rd Party Liability
Our marine risk professionals have in-dept knowledge and experience to deliver a wide range of innovative marine insurance products and services