An Open Marine Insurance Policy is important for businesses that transport goods regularly. It protects against risks during transit and makes the process of insuring each shipment much simpler. Instead of buying a separate policy for every trip, the business gets one policy that covers all declared shipments during the policy period.

This type of cover helps reduce manual work, avoid delays, and ensure that every shipment is protected from start to finish. It is especially useful for traders, manufacturers, exporters, and logistics companies that move goods often.

Without this policy, a single delay in buying insurance for one shipment could lead to uncovered losses. With it, every declared shipment is automatically protected under the same policy terms.

For example, a company in Ahmedabad that exports spare parts to different cities every week saved nearly 50 hours a month on paperwork after switching to an Open Marine Insurance Policy. It also avoided a major loss when goods worth ₹10 lakhs were damaged during a monsoon shipment. The insurer covered the full amount.

Having an Open Marine Insurance Policy means your business stays protected, shipment after shipment. It is a smart step for any business that deals with regular transport of goods.

Marine Open Insurance offers practical benefits for businesses that send goods regularly. It is built to make the shipping process easier and more secure, while saving time and effort.

These features make Marine Open Insurance a reliable and efficient choice for businesses that move goods frequently. It removes the burden of repeating the insurance process and keeps every shipment covered without extra effort.

An Annual Marine Open Policy is the right choice for businesses that ship goods regularly. It helps manage risk, saves time, and ensures every shipment stays covered without needing separate policies.

If your business depends on regular shipping, an Annual Marine Open Policy is not just useful—it is necessary. It keeps your goods safe and your operations running smoothly.

Buying Marine Open Insurance is easy, especially with BimaKavach. We help you protect all your shipments under one active cover, without repeating the process every time you send goods.

With BimaKavach, the entire process is smooth and clear. We make sure you get the right cover without wasting time or dealing with confusing paperwork.

Marine Open Insurance policies are based on standard terms called Institute Cargo Clauses (ICC). These clauses define what risks are covered. You can choose from three options—ICC (A), ICC (B), and ICC (C)—based on your cargo type and risk level.

Choosing the right clause helps you balance premium cost with the level of protection your goods need under an Annual Open Policy.

An Annual Open Policy protects your goods from a wide range of risks during transit. The exact coverage depends on the clause you choose—ICC (A), ICC (B), or ICC (C). Each clause comes with its own list of covered events.

Coverage Under ICC (A) – All Risks Clause

This is the most complete cover. It includes almost all accidental damage or loss during transit, unless excluded.

Coverage Under ICC (B) – Limited Risks Clause

Coverage Under ICC (C) – Basic Cover Clause

The clause you choose under your Annual Open Policy will decide how much protection your goods receive. Most exporters, manufacturers, and e-commerce businesses prefer ICC (A) for peace of mind, while ICC (B) and ICC (C) are used for simpler or low-value cargo.

An Annual Open Policy gives wide cover, but there are some standard exclusions. These are events or situations where the insurer will not pay for the loss. Knowing these exclusions helps avoid claim rejections and plan better.