Marine Open Cover Insurance for Malaysian Importers & Exporters

Simplify YourFrequent Shipmentswith One Smart Marine Open Cover Policy

A flexible annual cargo insurance solution that protects all your shipments by sea, air, or land, without the need to declare each shipment individually - just continuous peace of mind for all your Malaysian and international trade

Container cargo shipment protected under marine open cover insurance in Malaysia

WHAT IS MARINE OPEN COVER?

The Flexible Solution for Frequent Shippers

Marine Open Cover Policy is like a “blanket insurance contract“ for businesses that ship regularly. Instead of arranging separate insurance for each shipment, you get one annual master policy that automatically covers all your cargo movements within agreed terms.

This solution is ideal for SMEs, trading companies, manufacturers, logistics operators and any business handling multiple shipments each month.

Unlimited shipments

Air / Sea / Land cargo

Reduce administrative workload

Reduce insurance costs

Who Should Get Marine Open Cover?

Ideal for Businesses That Ships Frequently

Importers & Exporters

For companies moving goods in or out of Malaysia regularly.

Manufacturers & Distributors

With recurring logistics cycles and monthly shipments

Logistic Companies

That manage consolidated or multi-mode cargo.

Why Malaysian Businesses Choose Open Cover?

Automatic Protection

Every qualifying shipment is covered immediately upon dispatch—no gaps in protection.

Single Annual Contract

One agreement covers all shipments for 12 months. Renewal is simple.

Flexible Limits & Terms

Customizable to match your specific trade patterns in Malaysia and beyond.

Better Premium Rates

Better rates due to volume of shipments and long-term relationship

Fits Growing Businesses

As your shipment volume increases, Open Cover adjusts accordingly.

Reduced Administration

Eliminate paperwork for each shipment. One monthly declaration instead.

What's Covered Under Your Marine Open Cover

Main Coverage Includes

  • Loss or damage during transit (sea, air, land)
  • Fire, explosion, and collision risks
  • General Average and Salvage Charges
  • Jettison and Washing Overboard
  • Loading and unloading risks

Important Exclusions

  • Unsuitable packing
  • Willful misconduct of Assured
  • Inherent vice or nature of the goods
  • Wear and tear
  • Insolvency of carriers

How Does It Works?

Simple3-StepProcess to Continuous Coverage

Set Up Your Policy

We assess your shipping patterns, routes, and cargo types to create your custom Open Cover contract with competitive premium rates.

Ship with Automatic Coverage

Every shipment falling within your policy terms is automatically insured. No need to notify us for each shipment unless it's an unusual or high-value consignment.

Declare & Settle Monthly

Simply submit a monthly declaration of shipments. We invoice based on actual shipments—you only pay for what you ship.

Ready to Simplify Your Shipping Insurance?

What We Need to Quote Your Open Cover:

  • Types of goods you regularly ship
  • Typical shipment routes (from/to which countries/ports)
  • Estimated annual shipment value and frequency
  • Maximum value per shipment
  • Packaging type (cartons/crates etc)
  • Loss history (if any)
GetMarine Open Cover Quote
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Frequently Asked Questions

Yes, we can structure a multimodal Open Cover that includes both sea and air cargo from Malaysian airports and ports.

Typically just a listing of shipments with values. We provide an easy-to-use template.

Yes, we can review and adjust limits mid-term based on your changing business needs.

A separate ad-hoc insurance cover will be required.

Insurer will consider your annual shipment estimate, commodity risk, routes, and packing standards to determine a competitive rate.

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