INSURE TO BE SURE!   We're open 8AM - 5PM, Monday to Friday
MALAYAN CORPORATE    
CALL US (632) 628-8-628
Malayan Insurance Blog
  • Features
  • Car
    • Car Care Tips
    • Driving Tips
    • Car Insurance
  • Business
    • Business Management Tips
    • Productivity Tips
    • Business Insurance
  • Home
    • Home Care Tips
    • Home DIY’s
    • Home Insurance
  • Travel
    • Travel Tips
    • Travel Destinations
    • Travel Insurance
  • Finance
    • Financial Planning
    • Insurance
    • Money Saving Tips
  • Contact Us
No Result
View All Result
Malayan Insurance Blog
  • Features
  • Car
    • Car Care Tips
    • Driving Tips
    • Car Insurance
  • Business
    • Business Management Tips
    • Productivity Tips
    • Business Insurance
  • Home
    • Home Care Tips
    • Home DIY’s
    • Home Insurance
  • Travel
    • Travel Tips
    • Travel Destinations
    • Travel Insurance
  • Finance
    • Financial Planning
    • Insurance
    • Money Saving Tips
  • Contact Us
Malayan Insurance Blog
No Result
View All Result

What Is An Open Marine Cargo Policy?

February 4, 2019
Home Marine
Share on FacebookShare on Twitter

marine-insurance

According to the International Chamber of Shipping, international shipping industry is responsible for the carriage of around 90% of world trade – making it the life blood of growing economies. An estimated 50,000 merchant ships carrying all kinds of cargo tread international waters. On board these vessels are millions of seafarers of different nationalities.

Everyone knows that the maritime industry encounters many navigation risks. With so much at stake with these trades, getting insured has become an imperative and non-negotiable element. And because the Philippines owns 1.62% share in world vessels, it’s has become crucial to find the best and most trusted marine insurance provider in the country. Malayan Insurance, the leading non-life insurance company in the Philippines, offers protection for the country’s high valued trade assets with their Open Marine Cargo Policy.

Yearly loss of cargo varies as it would entirely depend on the weather and unusual events a cargo ship may face. The World Shipping Council claims that a yearly average of 1,390 containers have been lost for the past three years. Just imagine the cost of the product that gets lost at the bottom of the ocean. They can go up to thousands and millions! These would leave any sea freight company in a financial setback.

It’s common knowledge that travel at sea comes with perils. With Malayan’s Open Marine Cargo Policy, peace of mind can be obtained for any business owner’s shipment. It’s a continuing contract that binds both the insured and the insurance company. And since it’s a continuing contract, the assured party doesn’t have to apply for a new policy every shipment made – making it the best and hassle-free solution for navigation risks.

Avail a marine insurance with the Philippines’ leading non-life insurance company today. Create a safety net for your business in case any unfortunate incident that may come your way. Secure your business now with Malayan!

Tags: insurance-companies-philippinesmalayan-insurancemarine-insurance

Related Posts

how-to-properly-dispose-of-covid-19-ppes-marine-insurance
Marine

How To Properly Dispose of COVID-19 PPEs

February 11, 2021
sickness-among-seafarers-marine-insurance
Marine

What Causes Sickness Among Seafarers?

November 12, 2020
How To Disinfect Shipped Items
Marine

How To Disinfect Shipped Items

July 9, 2020
Quarantine Guidelines For Cargo Ships
Marine

Quarantine Guidelines For Cargo Ships

May 26, 2020
Next Post
travel-insurance-philippines-cargo-travel

A Guide On Traveling Via Cargo Ship

Latest Post

top-3-plans-to-get-as-newlyweds-non-life-insurance-companies-philippines

Top 3 Insurance Plans To Get As Newlyweds In 2021

March 5, 2021
how-to-soundproof-your-condo-insurance-philippines

How To Soundproof Your Condo

March 3, 2021
what-we-can-learn-from-female-leaders-during-covid-19-travel-health-insurance-philippines

What We Can Learn From Female Leaders During COVID-19

March 2, 2021
Ads

Trending

pet-homeowners-insurance-policy-philippines

The Perfect Pet For Your Home

November 6, 2019
Businesses That Thrive During The Rainy Season

Businesses That Thrive During The Rainy Season

September 25, 2019
medical-malpractice-insurance

Things You Want To Know About Medical Malpractice

August 15, 2019
marine-insurance-shipwrecks

5 Worst Shipwrecks Recorded

November 5, 2018
cargo-marine-insurance

Types Of Alarms You May Hear On Ships

October 5, 2018
Malayan Insurance Blog

Malayan Insurance Co. Inc., the leading non–life insurance company in the Philippines, offers its client and the public guaranteed peace of mind through service excellence and quality insurance protection.

Follow Us

Categories

  • Features
  • Get A Quote
  • Terms of Use
  • Security and Privacy
  • Legal Notices
  • Contact Us
  • Features
  • Get A Quote
  • Terms of Use
  • Security and Privacy
  • Legal Notices
  • Contact Us

© 2018 Malayan Insurance, Inc.
ALL RIGHTS RESERVED

No Result
View All Result
  • Features
  • Travel
  • Car
  • Home
  • Business
  • Finance
  • Contact Us

© 2018 Malayan Insurance, Inc.
ALL RIGHTS RESERVED