Marine Insurance

Freight Forwarders Liability Insurance provides coverage against liability for loss or damage to cargo during transportation, as well as loss or damage to containers, vehicles, or transport equipment belonging to third parties.

JEWELLERS BLOCK INSURANCE

Jewellers Block Insurance is a comprehensive insurance policy designed specifically for jewellers, covering a wide range of risks associated with the jewellery trade. It provides protection for stock, equipment, and other assets against various perils, whether at the business premises, in transit, or at other locations.

• Stock Coverage: Protection against loss or damage to jewellery, precious stones, metals, or other stock due to theft, burglary, fire, or other insured perils.
• Premises Coverage: Covers damage to shop fixtures, fittings, safes, and other equipment caused by fire, natural disasters, or vandalism.
• Transit Coverage: Safeguards jewellery during transportation, including to and from suppliers, customers, or exhibitions, against risks like theft, loss, or damage.
• Third-Party Liability: Coverage for legal liabilities arising from accidental injury to customers or damage to their property while on the jeweller’s premises.
• Exhibition and Display Coverage: Protection for jewellery displayed at trade shows, exhibitions, or other off-site locations.

At Prudent, we understand the unique risks faced by jewellers and offer tailored Jewellers Block Insurance solutions to protect your business from financial losses. Our policies can be customized to cover specific needs, ensuring comprehensive protection for your valuable inventory and operations, whether at your store, in transit, or at external events.

CARGO INSURANCE

Cargo Insurance covers the cost of damaged goods due to unforeseen events during transportation by air or sea. It also protects against financial harm from cargo theft or loss in transit. To ensure comprehensive protection, you need the right marine cargo insurance policy tailored to your specific commodity, voyage, and conditions. We can arrange bespoke coverage for all types of cargo, including oil and gas, food grains, coal, scrap, break bulk shipments, and project cargo.

MARINE LIABILITIES

Marine Liabilities Insurance provides coverage for legal liabilities arising from maritime operations, protecting shipowners, operators, charterers, and other parties involved in the maritime industry. This insurance addresses a wide range of risks associated with the operation of vessels, cargo handling, and related activities.

• Collision Liability: Covers liabilities arising from collisions between vessels, including damage to another ship, its cargo, or injuries to crew or passengers.
• Third-Party Property Damage: Protection against claims for damage to third-party property, such as docks, piers, or other vessels, caused by the insured vessel's operations.
• Personal Injury: Coverage for injuries or fatalities to crew members, passengers, or third parties resulting from vessel operations or accidents.
• Pollution Liability: Covers costs related to environmental damage, such as oil spills or other pollution incidents caused by the vessel, including clean-up expenses and fines.
• Cargo Damage or Loss: Liability coverage for loss or damage to cargo carried on the vessel due to negligence or operational errors.
• Wreck Removal: Protection against costs incurred for the removal of a wrecked vessel when required by authorities.

At Prudent, we offer tailored Marine Liabilities Insurance solutions to meet the specific needs of your maritime operations. Our policies can be customized to cover various vessel types, cargo, and operational scopes, ensuring comprehensive protection against the unique risks faced in the marine industry.

STOCK THROUGHPUT INSURANCE

Stock Throughput Insurance provides comprehensive coverage for goods throughout the entire supply chain, from the point of origin to the final destination, including storage, transportation, and processing. This all-in-one policy is designed to protect businesses from financial losses due to damage, theft, or loss of inventory at any stage of the supply chain, whether in transit or at a warehouse.

• End-to-End Coverage: Protects goods from the point of procurement through manufacturing, storage, and distribution until they reach the final customer.
• Transit Protection: Covers loss or damage to goods during transportation by road, sea, air, or rail, including risks like accidents, theft, or natural disasters.
• Storage Coverage: Safeguards inventory stored at warehouses, distribution centers, or other facilities against perils such as fire, flood, or burglary.
• Processing Risks: Provides coverage for goods during manufacturing or processing stages, protecting against damage due to equipment failure or operational errors.
• Business Interruption: Covers loss of profits and additional expenses resulting from disruptions in the supply chain due to insured events.

At Prudent, we understand the complexities of global supply chains and offer customized Stock Throughput Insurance solutions to protect your inventory at every stage. Our policies can be tailored to cover various types of goods, including raw materials, finished products, and high-value commodities, ensuring seamless protection for your business operations.