Marine DSU Policy (Delay in Startup)

The policy related to the procurement of project materials is in effect for the Marine Policy. This policy covers contractual and financial risks of the client apart from the physical risk of a particular project.

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Highlights of Marine DSU Policy

Here are some of the highlights of this policy:

  • The Marine DSU is designed to protect and indemnify the principal or owner.
  • The policy indemnifies for the actual loss of Gross Profit if start-up of the project is delayed beyond the schedule date.

The Marine DSU policy is based on Material Damage Claims because of the following reasons:

  • The policy covers loss or damage or delay in arrival of the project cargo
  • The policy also covers loss or damage or mechanical breakdown of Hull and / or Machinery and / or equipment of vessel / carrying conveyance
  • The policy also covers loss or damage because of risks covered under an Air Craft All Risk Policy and War / SRCC 
  • Carrying conveyance being involved in General Average, Salvage or lifesaving operation.

Marine DSU Policy Coverage

This marine insurance policy provides coverage for the following:

  • Marine DSU perils follow the cover provided under ICC (A) and War /SRCC.
  • On deck shipments or critical project items are subject to pre-shipment survey as long as there is material damage loss under cargo insurance section policy.
Learn more about Marine Insurance

Marine DSU Policy Does Not Cover

The policy does not provide coverage in the following conditions:

  • Delay because of financial shortfall
  • Delay because of requisition/restrictions by public authority
  • Delay because of any changes made to project cargo after damage
  • Delay as a consequence of destruction or damage by any public authority
  • Delay because of damage to contractor’s equipment, materials
  • Delay because of cancellation of lease, Import License etc.
  • Delay because of fines, penalties and liquidated damages
  • Delay because of delay in obtaining Policy deductible
Written By: PolicyBazaar - Updated: 13 October 2023

Marine Insurance Premium Calculator

Select Commodity

  • New machinery machine tools & spares in closed ISO containers
  • Solar panel
  • Machinery machine tools & spares duly packed/lashed
  • Electronic & white goods
  • New machinery machine tools & spares in closed ISO containers
  • Solar panel
  • Machinery machine tools & spares duly packed/lashed
  • Electronic & white goods
  • New machinery machine tools & spares in closed ISO containers
  • Solar panel
  • Machinery machine tools & spares duly packed/lashed
  • Electronic & white goods

Select Mode of Transport

  • Road
  • Air
  • Sea
  • Courier
  • Rail

Cover Amount Required

Enter value between 10 thousand to 10 crore

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Policybazaar for Business - Marine Insurance - Customer Reviews
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4.3/5
Based on 114 reviews
4.3
out of 5
Based on 114 reviews
14 users
87 users
13 users
0 users
0 users
3.8 April 20, 2023
Anas
Great Experience
I recently purchased Marine insurance from Policybazaar for my shipping business and I must say I am thoroughly impressed with their service and coverage. From start to finish, the experience has been smooth and hassle-free.Thankyou.
Mizoram
4.3 April 03, 2023
Vaishnav
Provides Comprehensive Protection
When it comes to coverage, Marine insurance that i bought from PolicyBazaar has exceeded my expectations. It provides comprehensive protection for my cargo and vessels during transit, ensuring I can focus on my business operations with peace of mind. Thankyou.
Assam
4.3 March 17, 2023
Umang
Excellent Services
I highly recommend Marine insurance from PolicyBazaar website to anyone in the shipping or logistics industry. Their user-friendly website, comprehensive coverage, and excellent customer service make them stand out from the competition. With Policybazaar, I feel confident in navigating the high seas, knowing that my business is well-protected. Thank you, Policybazaar.
Chennai
4.3 February 28, 2023
Vishal
User Friendly Interface
The website's user-friendly interface made it easy to compare different plans and find the perfect fit for my business needs.Thanks
Gurugram
4.3 February 11, 2023
Parth
Prompt Services
I appreciate the transparency and honesty with which Policybazaar handled my claims. They were prompt in processing my claim and their claim settlement process was hassle-free.Thanks PolicyBazaar.
Noida
3.8 February 10, 2023
Rishabh
Exceeds Expectations
I recently had the pleasure of purchsing marine insurance from Policy bazaar website and I must say it has been an outstnding experience from start to finish. I am thrilled to share my positive customer review, as this truly exceeded my expectations. Thanks PB.
Jamshedpur
3.8 January 31, 2023
Arvind
Easy Navigation
The ease of navigating the Policy bazaar website and finding the right marine insurance policy was impressive. The website's user-friendly interface and intuitive design made it incredibly simple to compare various options, understand the coverage details and make an informed decision. I appreciated the transparency provided throughout the process. Thanks.
Ajmer
3.8 January 21, 2023
Vishal
Excellent Support
The customer service provided by Policy bazaar was decent. Their team was responsive, knowledgeable and went above and beyond to assist me at every step. Their professionalism and commitment to customer satisfaction were truly commendable.Thankyou.
Mumbai
4.3 January 11, 2023
Sanjeev Rathor
Efficient Process
When it came to claims processing, Policy bazaar demonstrated remarkable eficiency and effectivenes. I had an unfortunate incident during the coverage period and filing a claim was a breeze. The entire process was streamlined and their team guided me throuugh every necssary step, making it hassle-free. The promptness with which my claim was setled reflected their commitment to their customers' well-being and peace of mind. Thankyou.
Pune
3.8 January 01, 2023
Kunal
Comprehensive Coverage
I must mention the comprehensive coverage provided by the marine insurance policy I purchasd through Policy bazaar. It offered me the necesary protection and peace of mind. Thankyou PolicyBazaar.
Indore