Marine Cargo Insurance
Protecting your goods in transit — by sea, air, or land — from the port that connects two destinations.
Every shipment carries risk. Goods can be damaged in a storm, lost in transit, stolen at port, or caught in delays you never anticipated. Standard carrier liability rarely covers the full value of your cargo — and the gap between what a shipping line will pay and what your goods are actually worth can be significant.
Marine cargo insurance closes that gap. Whether you're an importer, exporter, freight forwarder, or trader, we arrange cover that protects the full value of your goods from the moment they leave the warehouse to the moment they arrive.
As a Gibraltar-based broker with access to Lloyd's of London and leading international insurers, we have been placing marine risks since the late 1800s. The Strait of Gibraltar is one of the busiest shipping lanes in the world — and we understand the specific risks, routes, and trade flows that pass through it.
Who we cover
We arrange marine cargo insurance for businesses and individuals including:
Importers and exporters · Freight forwarders and logistics companies · Trading companies · Retailers sourcing goods internationally · Manufacturers shipping finished products · Personal and household shipments · High-value or specialist cargo requiring bespoke cover
What marine cargo insurance covers
Marine cargo insurance protects your goods against physical loss or damage during transit. Depending on the policy, this can include:
Damage from storms, heavy weather, or rough seas · Vessel collision, stranding, or sinking · Fire or explosion on board or in port · Theft, piracy, or malicious damage · Overboard loss · Damage during loading and unloading · General average contributions (where you may be asked to share the cost of a maritime emergency, even if your own cargo is undamaged)
Cover can be arranged for goods transported by sea, air, road, rail, or any combination — including door-to-door coverage for the entire journey.
Policy types
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The broadest level of protection — covers physical loss or damage from any external cause unless specifically excluded. The best choice for valuable goods or complex supply chains where you can not afford gaps.
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Cover for a defined list of specified risks. A more cost-effective option for lower-value or lower-risk shipments where the most serious threats are known and limited.
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Ideal if you ship regularly. One policy covers all shipments throughout the year at agreed rates — simpler to manage, often more cost-effective than insuring each consignment individually.
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For one-off or occasional shipments. We arrange the right cover for that specific cargo, route, and value.
Why Capurro for marine cargo?
Marine insurance has been central to Capurro's business since the company was founded in 1876 — the same era that Gibraltar emerged as a major bunkering and trading port.
Our marine team brings that accumulated expertise to every placement, whether you are a multinational trader or a small business making its first overseas shipment.
Through our direct access to Lloyd's of London and international insurers, we can place risks that local markets can not accommodate — including large, complex, or non-standard cargo. And when a claim arises, we advocate on your behalf, working with underwriters and adjusters to ensure your claim is handled properly and paid promptly.
Our marine team is available to discuss your cargo requirements, arrange cover quickly for urgent shipments, or review your existing policy to identify any gaps.
We’re here to help
Nicolas Palacios S-Capurro
Business Development Manager
Disclaimer:
The information contained herein is provided for general informational purposes only. All insurance policies are subject to the specific terms, conditions, exclusions and endorsements set out in the individual insurer’s policy documentation. Coverage may vary depending on the insurer and the nature of the risk presented. We strongly recommend that you review the full policy wording.