Shipping

Shipping<
Overview

A revolutionary growth is being forecasted in the Indian shipping sector as government shows keen interest in overhauling maritime capacities and facilitating it with advanced technology and infrastructure. By 2020, India’s port capacity is estimated to reach 3,200 MMT, more than double of its current figures. There is a development plan of six new mega ports under the National Perspective Plan for Sagarmala, which will take the total count of major ports to 18.The government is also spending USD 11.8 billion on the National Maritime Defelopment Programme.

With the Indian coastline stretching across 7,517 kms and more than 200 ports there is no denying of its possibility of being one of the most sought after destination for maritime investors. The location advantage adds further impetus to the industry. Along with that the Sagarmela plan which intends to build 12 coastal economic regions through an investment of 12 lakh crore, modern shipbuilding flair, modernization of existing ports, and major influx of FDI investments are all pointing towards a huge potential in the sector. The government has put the sector of fast track and is eager for its holistic development.

The growth is however dependent on risks that grip the sector and its several stakeholders. Shipping industry contains risk of safety, lost merchandise, untimely delivery, theft and property loss, cyberattack, accidents, natural disaster, and information lapse. Since sailing through different waters requires a collaborated understanding between different nations, the biggest risk is of changing global dynamics, shifting policies that govern the waters, wars and terrorism attacks.

Epoch Edge

Epoch Brokers is well versed with the risks that surround shipping industry and addresses them through the nose by smartly framed insurance strategies. These strategies are developed after several rounds of risk evaluation and mitigation to ensure that all stakeholders in the industry are adequately covered and can foray into uncharted waters without the fear of loss and grab on to the new oppurtunities in the sector.

Policy Covered

Marine Open Policy

The Marine insurance provides protection against loss or damage of cargo or property while it is in transit, acquired, or held at any point between origin to the...

Read More
Directors' & Officers' Liability Policy

Liability insurance offers protection against risk of getting sued for negligence, malpractice, injuries and damage to people and/or property. Liability insurance covers legal costs and payouts for which...

Read More
Public Liability Policy

Liability insurance offers protection against risk of getting sued for negligence, malpractice, injuries and damage to people and/or property. Liability insurance covers legal costs and payouts for which...

Read More
Portable All Risk Policy

Content Coming Soon...

Read More
Group Health Insurance Policy

This policy comes under the Employee Benefit Insurance schemes which are meant for welfare and wellbeing of employees. This policy provides social security benefits which include compensation for...

Read More

INSUROLOGY

Blogs

Yoga
Apr 17, 2021
Yoga

Envision an action that builds your adaptability, rei...

Read More
How to strike a perfect life balance?
Apr 19, 2021
How to strike a perfect life balance?

They rightly call it a “rat race”; a race that is meant to keep us competiti...

Read More
How to decide the sum insured limit?
Jun 21, 2021
How to decide the sum insured limit?

When you buy health insurance, you must remember that this sum insured is to be ...

Read More
« «