Marine Insurance for Non Hazardous Chemicals

Non hazardous chemicals are the type of chemicals that do not harm any human physically or health wise. These non-hazardous chemicals can be useful to many chemical scientists, companies making dish washing soaps, clothes washing powders, etc. However, in order to get their hands on these non-hazardous chemicals, they have to get them transported from the seller’s place to their own. This is where marine insurance for non-hazardous chemicals comes in the picture.

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Importance of Marine Insurance for Non-hazardous Chemicals

It is important to purchase of the seller of non-hazardous chemicals. As they might not be hazardous but they can cost higher than any other commodity and in order to protect them against any unexpected loss or damage caused during the transportation. Also, these non-hazardous chemicals might not be hazardous for the humans physically or health wise but they can prone to explosions if caught fire and causes damage.

Coverage under Marine Insurance for Non-hazardous Chemicals

Marine insurance for non-hazardous chemical provides coverage for the following perils:

  • Loss or damage caused due to fire accident.
  • Loss or damage caused due to explosions, road accidents, stranding, etc.
  • Marine insurance covers loss of non-hazardous chemicals due to collision of two vehicles, derailment of land conveyance, etc.
  • General average sacrifice salvage charges
  • Jettison coverage
  • Sinking of ship if the chemicals are being transported through sea
  • Total loss of chemical container during the transportation
  • Total loss of chemical container during loading/unloading
  • Washing overboard coverage is provided
  • If the cargo that is carrying the chemical container leaves a port of distress
Learn more about Marine Insurance

Exclusions under Marine Insurance for Non-hazardous Items

Marine Insurance for Non-hazardous Items does not provide coverage for the following perils: 

  • Any loss or damage caused by the insured intentionally
  • Loss of insolvency 
  • Bad packaging that causes leakage of the chemicals
  • Regular wear and tear 
  • Loss or damage caused due to war, strikes, riots, etc.
  • Loss or damage caused during a terrorist attack
  • Loss or damage caused due to collapse of finances, liquidation, bankruptcy, etc. 

Claiming Process for Marine Insurance for Non-hazardous Chemicals

Follow the below mentioned steps to raise the claim under marine insurance for non-hazardous chemicals:

  • Inform the insurer about the loss or damage caused to the container of chemicals during the journey
  • If the insured cannot then anyone else can inform the insurer on behalf of the insured
  • In case the container of the non-hazardous chemical goes missing the insured can file an FIR
  • Insurance company can ask the insured to submit the FIR, in case of missing package or theft.
  • Once the insurer is satisfied, the claim will get settled within the specified period of time

Marine Insurance for Non-hazardous Chemicals: Documents Required

Keep these documents ready as you will have to submit them with the claim form while raising the claim:

  • Copy of insurance policy
  • Billing lading copy
  • Survey report
  • Claim bill
  • Invoice with shipping specification
  • Documents copy exchanged with the carrier
Written By: PolicyBazaar - Updated: 13 October 2023

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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