Marine

Marine Insurance

AXA’s market leading solutions insure your assets, be it cargo or yacht, against marine perils worldwide.

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Why AXA?

  • Global security and local expertise.

  • The widest covers in the market.

  • Worldwide network of offices and agents.

  • Fair dealing and prompt settlement of claims.

  • Competitive pricing.

  • Flexible approach to accepting risk.

AXA offers comprehensive cover for:

  • All types of cargoes

  • Project cargoes

  • Household goods and personal effects

  • Freight Forwarder/Logistics Liabilities

  • Yachts / Mega Yachts

Marine Insurance products

Cargo plus

Protect your cargo at sea, over land or in the air.

AXA Cargo Plus provides all risks protection for your cargo in transit.

Did you know?

  • AXA is the leader in GCC cargo insurance market
  • AXA has a network spanning 90 countries
  • AXA has 5% share of the worldwide cargo insurance market
  • AXA has 84 underwriters and 43 claims managers worldwide
  • AXA offers online policy documentation, Net Cargo
  • AXA has unique risk management services for vessel selection, warehousing and packaging

Key Benefits

Cargo Plus embodies AXA’s three promises to customers

  1. Extra cover: AXA goes beyond the standard cover to provide a free of charge unique combination of more than 30 cover extensions
  2. Extra services -AXA offers:
    • Free risk management surveys and recommendations
    • A 24x7 emergency helpline
    • Online policy issuance facility
  3. Extra claims commitment

Additional Products: For special cargo insurance requirements beyond the ordinary transit cover.

  • Stock throughput cover
  • Contingency covers
  • Exhibition cover
  • War on land cover
  • Cover for project cargo and DSU

Product Details

Extra cover:

AXA goes beyond the standard cover to provide free of charge, a unique combination of more than 30 cover extensions, including:

  • Damage due to Faulty packing 
  • Urgent replacement of goods by air freight even if originally imported by sea 
  • Payment in full for goods with sensitive brands even if cargo only partially damaged 
  • General Average and Salvage claims paid in full irrespective of insured value. 
  • Removal of debris in the event authorities charge owners of goods for cleaning up operation 
  • Many more..

Extra services:

  • Free risk management surveys and recommendations on vessel selection and cargo including packing and warehousing 
  • A 24 hour, 7 days a week emergency helpline for advice and assistance when cargo is in peril
  • Net Cargo: A web-based on-line certificate and policy issuance system allowing customers to manage insurance documentation and accounting process at their own convenience

Extra claims commitment

  • To pay claims within 3 working days of a claim file being completed or 75% in 3 working days in the event a claim is proven but some documentation still awaited
  • A fair and open process
  • Facility for on-line reporting of claims available

Additional products
For special cargo insurance requirements beyond the ordinary transit cover.

Stock throughput
Customers who import, store and redistribute cargo can benefit from an extended insurance protection for goods from origin all the way to final destination under a seamless cover.

Contingency risks
Every importer or exporter is exposed to the risk of their trading partner not fulfilling responsibilities under an agreed contract of sale. AXA customers may be vulnerable in their capacity as a buyer or seller.

Exhibition risks
Customers displaying goods at trade fairs, shows or exhibitions can extend their insurance to cover transit to and from the exhibition sites and whilst on exhibition, including cover for stands, fixtures and fittings owned by the customer, unpacking, assembly, dismantling and repacking.

War on land
The Institute War Clause offers coverage for war risks only whilst cargo is sea-borne or air-borne. War on land extension is an option to cover war risks whilst the cargo is moved overland. This is especially significant for movements to war-zones and can be applied for on a case by case basis.

Project cargo
Delay in Start Up (DSU) - for customers starting new projects.
Business plans can be disrupted when critical items do not arrive on time. Holdups will bring about delay in completion of a project and consequently a loss of anticipated profits.
DSU is the solution that can protect profits if such critical items are lost or damaged in transit. This cover is offered in conjunction with marine insurance for the movement of the project cargo.

 

Downloads


To access our online document issuance system,
please click here:

Logistics Secure

For comprehensive protection of your freight forwarding and logistics operations, rely on AXA to take a load off your mind.


Why do you need a Logistics Secure Insurance package?
Legal liability arising out of your logistical and forwarding activities can adversely affect your business and threaten your profitability.

Logistics Secure offers a unique package of insurances in one single application to protect your business against a range of liabilities that relate to; the handling of cargo, general public liability and liability towards employees. In addition, it protects your buildings, equipment, stock and other fixed assets under your care, custody and control.

Turn to AXA to protect you so that you can focus on your business goals with peace of mind.

 

Key Benefits

Innovative solutions
Through a clear understanding of your business, we have designed Logistics Secure to offer a complete solution for all your insurance needs.

Flexible package
AXA Logistics Secure offers you a complete logistics cover plus several optional covers tailored specifically for your business. You simply need to choose the sections to suit your own requirements.

Competitive pricing
The cost of our package is set at a level to ensure you have the best possible coverage at the most competitive price. Through combining all covers into one policy we ensure you get maximum value for your money.

Fair and fast claims settlement
AXA has a reputation for superior customer service, and an assurance that claims will receive prompt and fair settlement.

 

Product Details

Standard Cover

At AXA, we make it our business to understand yours. That is why Logistics Secure offers a liability cover to protect the core of your business activity, with optional covers to complete the “ all in one” coverage.

Logistics Secure offers the following covers:

Liability to cargo
To cover your liability for loss of damage to cargo in your custody.

Third party liability
To cover you liability for third party bodily injury and/ or property damage arising out of your Insured Services.

Insurance of equipment
To indemnity you for loss or damage to equipment owned or rented by you.

Professional indemnity
To cover you for breach of duty, errors and omissions in your professional capacity.

Fines and penalties
To cover you for your liability to pay fines and penalties to any Authority or a third party.

Optional Covers

Logistics Secure also covers:

  • Property on premises other than stocks

  • Stocks held by you at the said premises

  • Your general public liability

  • Your lability towards your workmen

  • Your liability as an employer

Supplementary Cover

AXA can provide you with a facility to offer transit insurance on "all risks" basis for the cargo carried by you. The facility offers cover extensions like packing extension, concealed damage extension, insolvency exclusion, replacement by air and debris removal in addition to a service commitment and access to a 24 – hour helpline.

Additionally, you will be able to issue marine policy documents through AXA’s e-facility, Net Cargo.

AXA Sail Master Plus

Over the years We have developed our Yacht and Pleasure craft offering and can provide:

  • Comprehensive and Clear Products.
  • Simple underwriting process and Instant Cover tailored to your needs.
  • Local and regional trading limits.
  • Specialised teams to assist you.

With Our Insurance solution You will sail with Peace of Mind.

Relocation Insurance

Whether you are moving to another country, leaving for a new city or just relocating down the road, protect your possessions from the moment packing commences right up to the time they are unpacked on arrival at your new home.

Relocation Plus offers covers with:

  • Full conditions
  • Restricted conditions
  • Cover for motor vehicles
  • Special extensions
  • Storage extensions