Insurance Customs Brokers

Insurance services in customs brokerage cover cargo insurance for goods in international transit. Marine cargo insurance protects against loss or damage during shipping — covering risks like vessel sinking, container damage, theft, fire, and weather events. Without adequate insurance, importers bear the full financial risk of cargo loss from the point of shipment.

Australian customs brokers who offer insurance services arrange marine cargo policies on behalf of their clients, typically through specialist marine insurance underwriters. Coverage options range from basic "Free of Particular Average" (FPA) covering total loss only, through to comprehensive "All Risks" policies covering partial loss, damage, and a wide range of perils during the entire transit from warehouse to warehouse.

Your broker can advise on the appropriate level of coverage based on commodity value, shipping route risk, and mode of transport. They also assist with claims lodgement, survey arrangements when damage is discovered, and documentation required by underwriters. For the customs clearance value, insurance cost is one of the three components (along with goods value and freight) that determine the customs value on which duty and GST are calculated.