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Marine Insurance

Insurance connected with the transportation of goods is one of the oldest and most important form of insurance.

Each year, firms ship commodities worth billions of shillings.

These commodities face the risk of loss or damage due to the many perils associated with transportation.

Marine insurance thus helps to protect these firms against financial loss due to damage or loss of their goods.

Essentially, marine cover provides protection against loss or damage caused by marine perils

Marine insurance can take two forms – Marine cargo and Marine hull insurance.

Marine cargo is specific to the goods being transported either by road, rail or air while marine hull is specific to the vessel.

Some of the insured perils under marine include; fire/explosion, breakage, accident, jettison, overturning or derailment of conveyance.

 

Click on the link below to access the marine portal.

https://occidental.marineinsurance.co.ke/

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Thursday, 28 July 2016
Thumbnail Chairman’s Statement  The economy is estimated to have grown at between 5.0%-5.5% compared to 5.7% in 2014. The growth in 2015 was supported by robust growth in agriculture, construction, financial activities, trade and transportation sectors. Lower...
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