Marine cargo insurance protects goods while they’re in transit—by sea, rail, road, or air—making it essential for Canadian importers, exporters, manufacturers, and traders. From raw materials to finished products, cargo is exposed to multiple risks before it reaches its destination.

Common Cargo Risks

Goods in transit can face:

• Rough seas and storms causing water damage
• Accidents during loading and unloading
• Fire or explosion aboard vessels or at ports
• Theft, pilferage, or misdelivery

Even well-packaged cargo can suffer losses at busy ports or during long international journeys.

What Does Marine Cargo Insurance Cover?

Coverage may include:

• Loss or damage to goods in transit
• General average contributions
• Multi-modal transportation risks
• Claims handling and recovery support

Policies are typically written on All Risks or Named Perils bases, depending on cargo type and trade route.

Why It’s Critical in Canada

Canada’s reliance on international trade, combined with harsh weather and long transit distances, makes cargo insurance vital for financial protection and supply chain stability.

Marine cargo insurance ensures your goods arrive safely—or your business stays protected if they don’t.

Brokers can contact Total Risk Managers to discuss a risk.

This article is general information for insurance brokers. It is not advice, and it is not a quote or an offer of coverage. Policy wording decides what is covered. Coverage is arranged through a licensed insurance broker.