Marine Insurance for Freight Forwarders

Freight forwarders book space, consolidate documentation, and move everything from machinery and auto parts out of Pune and Chennai to textiles out of Tirupur and minerals out of Rajasthan and Gujarat. Clients frequently ask forwarders to "add insurance" to the shipment, and without a dedicated partner, that request either gets a vague yes or gets quietly dropped.

A Gujarat-based freight forwarder booked an FCL of machinery parts for a client heading to East Africa. The client assumed the forwarder's own liability insurance covered the cargo value; when the consignment was damaged during a rough transhipment, the claim against the forwarder was capped at a fraction of the cargo's value under standard carrier liability terms, leaving the client with an uninsured loss and a soured relationship.

CargoCover partners with freight forwarders to offer clients a proper cargo-owner's Marine Open Cover policy — separate from and far broader than the forwarder's own carrier liability — covering 110% CIF value under ICC A, War and SRCC. This can be offered at the time of booking as a value-added service, with the forwarder earning trust (and, where structured, a referral arrangement) rather than exposure.

• A ready marine insurance partner to bundle with your freight quotations
• 110% CIF Open Marine Policy with ICC A, War and SRCC as standard
• Clear separation from your own limited carrier liability exposure
• Cover across common cargo types — machinery, auto parts, textiles, minerals, chemicals, FMCG
• Fast quote turnaround so insurance doesn't delay a booking
• Support across major gateway ports — Mundra, Nhava Sheva (JNPT), Chennai, Tuticorin, Kandla

Clients frequently confuse a forwarder's carrier liability with full cargo insurance — the two are not the same, and the gap only becomes visible after a loss. Offering a dedicated marine cover partner closes that gap before it becomes your problem.

1. Share your freight forwarder client base, commodity mix, and current referral/insurance setup (if any)
2. Free premium benchmarking against current market rates
3. Cover structured with the specific extensions your freight forwarder clients actually need
4. Pre-sailing declarations and dedicated claims support, handled directly with your team