Import & Export Insurance*
If you import or export goods as part of your business activities you may have come to the SMART place for affordable and suitable cover.
Whether you operate an import export business, are a wholesaler, retailer, manufacturer or repairer it’s smart to reduce some of your risks with suitable business insurance policies,including marine cargo insurance.
Why you may need insurance when importing and exporting goods*
Goods are damaged, lost or stolen in transit everyday so it is vital that you are appropriately insured.
It is possible to obtain protection for import and export shipments with marine cargo insurance; which is sometimes also known as Cargo Insurance, Aviation insurance, Transit insurance, Freight insurance and Carriers insurance.
Are you confident your goods shipments may already be suitably covered by the freight forwarding company or the other party to your transaction?
While some freight forwarding companies offer insurance, many limit their liability on the weight of the cargo. This 'contingent' insurance regularly results in a substantially lower payment than the value of loss. The process of claiming can also be drawn out.
The purpose of Marine Cargo Insurance is to repay you for the full dollar value of your shipment if the goods you are importing or exporting are damaged, lost or stolen in transit by air, sea or land.
Similarly; obtaining full dollar value goods from the other party to your import export transaction can often be problematic.
Types of import & export insurance policies*
If you need one of the below types of policies for your importing and exporting business activities our team of SMART business insurance brokers may be able to assist.
- Single transit insurance (within Australia)
- Annual goods in transit insurance (within Australia)
- Worldwide annual goods in transit insurance
- Carriers Insurance
- Carriers Cargo Liability Insurance
Not sure which type of import export insurance policy you need? Please contact us on 1300 542 573 or email us email@example.com.
Importers & Exporters – what business risks can you cover?*
Importers and exporters may also be able to cover all or some of the business risks below.
- Public Liability
- Product Liability - eg: product or service does not perform to reasonable expectations resulting in damages
- Business Equipment
- Fire and Perils – eg: fire arising from flammable products in stock, electrical malfunctions.
- Business Interruption – eg: profit associated with location in the event you are forced to close for an extended period.
- Commercial Property Insurance - protection for your warehouse or factory, stock and more
- Cyber insurance eg .Hacking of payment facilities or online store
- Commercial Vehicle Insurance eg. Cover vehicles used in the running of your business
For more information on the detail of what the above polices can actually cover, and how the polices fit with your requirements please TALK to one of our helpful business insurance brokers on 1300 542 573.
Import Export business insurance broker*
Our helpful small business insurance brokers can help you find suitable cost effective insurance for your importing and exporting activities.
Depending on what you import or export, the frequency and value of your activities, and type of transport used certain insurance companies may offer better terms.
Import Export business insurance costs & quotes*
How much will cost to insure your goods shipment or to cover your import export business?
As business insurance specialists SMART regularly assist small and medium businesses with their import export insurance.
Please contact us for costs and a quote for your import export business, your next shipment or for your annual program.
For more information on your import export business insurance requirements TALK to a SMART Insurance broker on 1300 542 573.
1300 542 573
TALK to a SMART Business Insurance adviser
Monday – Friday 8.45 am - 6.00 pm AEST
*Important: Cover may be available subject to meeting insurers underwriting criteria. Some of the covers listed may or may not be available or may have limitations or exclusions. Cover inclusions vary significantly from insurer to insurer. DO NOT rely upon the above. Check your policy schedule carefully for inclusions and exclusions and limitations. Talk to a SMART insurance broker on 1300 542 573 for more information.