Why Choose Saltu?
* Deep sector experience
* Licensed and regulated brokerage firm
* Specialized in marine, cargo, and liability insurance
* Fast and transparent service process
* Global network and local expertise
* Commitment to long-term partnerships
Cargo Insurance
Cargo insurance is a type of insurance that protects businesses and individuals against financial loss or damage to goods while they are being transported. This can include transportation by land, sea, air, or rail—both domestic and international.
It typically covers:
- Loss (e.g., theft, disappearance)
- Damage (e.g., water, fire, collision)
- Delay (optional) if it leads to financial loss
- Acts of God (e.g., storms, earthquakes – depending on policy)
Types of Cargo Insurance
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Land Cargo Insurance
- For goods moved via trucks or trains
- Mostly used for domestic shipments
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Marine Cargo Insurance
- Covers sea and air freight
- Used for international shipping
- Often includes:
- Open cover policies (blanket coverage for multiple shipments)
- Specific voyage policies (one-time shipment)
Common Policy Types
- All-Risk Coverage: Broadest coverage; includes most causes of loss except exclusions.
- Named Perils Coverage: Only covers perils specifically listed.
- Free of Particular Average (FPA): Very limited – only covers major losses like shipwreck.
Liability Insurance
Liability insurance is a type of insurance that protects individuals or businesses from the risk of being held legally responsible (liable) for injury or damage to another person or their property.
It covers legal costs and payouts for which the insured would be found liable, if sued for negligence or damages. However, it does not cover intentional damage or contractual liabilities.
Types of Liability Insurance
- General Liability Insurance
- Covers: Bodily injury, property damage, legal defense.
- Common for: Small businesses, contractors.
- Professional Liability Insurance (E&O)
- Covers: Negligence, malpractice, or mistakes in professional services.
- Common for: Doctors, lawyers, consultants, architects.
- Product Liability Insurance
- Covers: Injuries or damages caused by defective products.
- Common for: Manufacturers, distributors, and retailers.
- Employers' Liability / Workers’ Compensation
- Covers: Injuries or illnesses employees suffer while at work.
- Public Liability Insurance
- Covers: Claims made by third parties for injury or damage on your property or as a result of your operations.
- Umbrella Liability Insurance
- Provides: Extra coverage above and beyond other liability policies.
Business Property Insurance
Business Property Insurance is a type of insurance policy that helps protect physical assets owned by a business. This coverage can protect buildings, equipment, inventory, furniture, and other tangible assets from covered events such as fire, theft, vandalism, and certain natural disasters.
Key Features of Business Property Insurance:
- Coverage for Physical Assets
- Buildings (owned or sometimes leased)
- Office furniture and fixtures
- Equipment and machinery
- Inventory and stock
- Computers and electronics
- Exterior signs and landscaping (sometimes)
- Covered Perils
- Fire and smoke damage
- Theft and vandalism
- Windstorms and hail
- Explosions
- Water damage (not typically flooding — flood insurance is separate)
Manufacturing Insurance
Manufacturing insurance is a type of business insurance designed to protect manufacturers from a wide range of risks specific to their industry, such as:
- Property damage
- Equipment breakdown
- Product liability
- Workers' compensation
- Business interruption
- Supply chain disruptions
- Errors in production
Common Coverage Types
- General Liability: Bodily injury, property damage, and legal costs if you're sued
- Product Liability: Claims related to defects or injuries caused by manufactured products
- Commercial Property: Damage to buildings, machinery, raw materials, and inventory
- Business Interruption: Loss of income due to events like fires, natural disasters, or equipment failure
- Workers' Compensation: Covers employee injuries or illnesses occurring at the workplace
- Equipment Breakdown: Covers repair/replacement costs for critical manufacturing machinery
- Commercial Auto: If your business uses vehicles for deliveries or logistics
- Cyber Liability: If your systems are hacked or customer data is compromised (growing risk in automation)
hull insurance covers physical damage to the ship or vessel itself, including its machinery and equipment. This coverage is essential for shipowners, protecting against hazards such as collision, fire, piracy, and weather-related damages.
also known as Protection & Indemnity (P&I), liability insurance provides coverage for the shipowner’s legal liabilities arising from the operation of the ship, such as damage to cargo (not covered under cargo insurance), injury, or death of crew members or passengers, and environmental pollution.
the shipper or carrier is protected against the loss of freight revenue that would not be earned due to lost or damaged cargo. It is particularly relevant for shipping companies and charterers.
given the unique risks posed by armed conflicts, war risk insurance offers coverage against damage or loss caused by war-related perils, including strikes, riots, civil commotions, and terrorist acts that are typically excluded from standard policies.
this type of insurance provides compensation to the shipowner for loss of income when a vessel cannot be operated due to covered damage or peril, ensuring financial stability during repair or recovery periods.
ailored policies for your specific needs, covering different aspects such as hull insurance, cargo insurance, and liability coverage, allowing you to choose the coverage that suits your operations.
in the event of a covered loss, marine insurance helps businesses maintain financial stability and continue operations by providing compensation for the damages incurred.
provides protection against financial losses resulting from various risks such as damage to the vessel, cargo, or liability for third-party injuries and property damage.
offers coverage for vessels navigating international waters, providing a broad scope of protection for businesses engaged in global trade.
Protection and Indemnity (P&I) is a type of insurance that shipowners purchase to cover the potentially huge costs of any harm they accidentally cause to people, property and the environment.
As liabilities for injuries, cargo loss, collisions and pollution can far exceed the value of a ship, shipowners have found since the 19th century that the most cost-effective way of buying P&I cover is through not-for-profit clubs of like-minded shipowners.
All shipowners who use their vessel for business or transportation, or for transporting passengers, workers, or cargo across international seas, must carry P&I insurance. To enter ports around the world, the master must provide a 'certificate of entry' given by the shipowners' respective P&I club, demonstrating their insurance to the port authorities.
Insurance brokers are responsible for helping customers and clients find the right insurance coverage for their specific circumstances. They do this by examining the needs of each individual client and searching through policies offered by different insurance companies to find the right policies and the right prices.
Yacht insurance is an insurance policy that provides indemnity liability coverage for a sailing vessel. It includes liability coverage for bodily injury or damage to the property of others and damage to personal property on the vessel. Depending on the insurance provider, this insurance could also include gas delivery, towing, and assistance if your yacht gets stranded.
There are two principal sections of a yacht insurance policy.
Hull insurance
Hull insurance is an all-risk, direct damage coverage that includes an agreed amount of hull coverage. That amount is settled on when the policy is written, and in the case of a total loss it will be paid out in full.8 In addition, there is replacement cost coverage on partial losses, though sails, canvas, batteries, outboards, and sometimes outdrives are not include and instead are subject to depreciation.9
Protection and indemnity (P&I)
Protection and indemnity (P&I) insurance is the broadest of all liability coverages, and because maritime law is particular, you will need coverages that are designed for those exposures. Longshore and harbor workers’ coverage and Jones Act coverage (for the yacht’s crew) are included and important, because your losses in these areas could run into six figures. P&I will cover any judgements against you and also pays for your defense in admiralty courts
Boat insurance may help cover a motorboat, sailboat or personal watercraft if it's stolen, in an accident, or damaged by a covered peril like fire or lightning. Boat insurance may also help protect you if you accidentally injure someone or damage their property with your boat. Your policy may cover parts of the boat including:
Machinery
Permanently attached equipment
Fittings
Furnishings
Hull
