Thursday, January 10, 2008

Marine Cargo Insurance

Such types of Insurance cover the damage or loss of goods transported from one place to another by using of land transportation (truck, train, trailer), sea (ship), air (aircraft).

Insurance provided in these types include all risks condition. This includes fire, transport vehicle accident (stranded, sink, inversed, collision), loading and unloading in the emergency port, earthquake, volcano eruption, jettison etc.

Oil and Gas Insurance covers the damage or loss for exploration equipment and oil production.

Aviation Insurance covers the aircraft damage or loss during the flight, mooring, or on the ground. It also covers the damage or loss on hull, spares, passenger legal liability, and third party liability.

Space Insurance covers the damage or loss of satellite, including third party liability. Such Insurance covers the following types of insurances:

  • Construction Insurance
  • Pre-Launch Insurance
  • Launch Insurance
  • Satelit In-Orbit Insurance
  • Liability Insurance

Personal Accident Insurance covers the loss caused by Insured personal accident or persons that are being insured includes persons relating to the insured such as the insured's employees the insured's family, etc.

Liability Insurancecovers third party liability either on bodily injury or property damage during the time of business activity run by the Insured persons.

Money Insurance covers the money loss owned by the Insured person.

Money Insurance is of following types

(1) Cash In Safe (CIS) Insurance
It covers the money loss owned by the insured in safe box.

(2) Cash In Transit (CIT) Insurance
It covers money loss owned by the insured during delivery from one place to another.

(3) Cash In cashier's Box (CICB) Insurance
It covers money loss owned by the insured safe in the cashier or places where transactions are done.

Fidelity Guarantee (FG) Insurance
It covers money loss owned by the insured caused by employee's dishonesty handling in cash management

Burglary Insurance covers insured's property loss caused by theft/burglary with break and enter to the property's place.

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