✓ Marine Insurance

Open Policy

A formal insurance policy that provides ongoing protection for all shipments within a defined limit and period — similar to Open Cover but issued as a policy with set limits and automatic coverage.

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About This Policy

An Open Policy provides continuous marine cargo protection with a fixed coverage limit, eliminating the need for separate policies for each shipment. It's structured for recurring shippers.

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Who Should Buy?

Exporters/importers with predictable, ongoing transit, Distributors and logistics companies, FMCG and electronics manufacturers with frequent shipments

Coverage

What's Protected

Comprehensive coverage designed to give you complete peace of mind

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The policy automatically covers all declared transits within the agreed parameters against accidental loss or damage, including collision, overturning, and weather-related risks. Depending on the chosen clause (A/B/C), it may also include theft, pilferage, non-delivery, and handling risks. It’s active until the coverage limit is exhausted or the policy period ends.

Benefits

Why Choose This Policy

Premium features designed for your security and convenience

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Key Features

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Pre-agreed sum insured and shipment limit, Declarations must be submitted regularly, Issued for a period (typically 12 months), Theft, pilferage, handling damage covered based on chosen clauses, Optional: strikes, riots, war, and terrorism for international routes

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