Ocean Marine Insurance

Ocean Marine Insurance is one of the oldest forms of protection, covering ships, cargo, and transport liabilities across international waters. It provides financial security for goods in transit, the vessels that carry them, and the liabilities that arise from maritime operations. Whether you are an importer, exporter, or vessel owner, this coverage ensures your supply chain remains unbroken.

The “Risk Reality”: General Average

Maritime law contains a terrifying concept called “General Average.” If a captain must jettison cargo to save the ship during a storm, all cargo owners—even those whose goods were safe—must split the cost of the lost cargo. The World Shipping Council reports that hundreds of containers are lost at sea annually. Without Ocean Marine insurance, your business could be forced to pay thousands of dollars for someone else’s lost freight just to release your own goods.

Ocean Marine Insurance Coverage

We build comprehensive marine packages that cover the goods, the hull, and the liability.

Ocean Marine Insurance Cost

“How much does ocean marine insurance cost?” Costs are generally calculated as a percentage of the shipment value or the vessel’s hull value.

• Cargo Rates: Per-shipment policies might cost 0.3% to 0.5% of the cargo value, while annual policies for frequent shippers are more economical.
• Cost Factors: Routes matter. Shipping through piracy-prone waters or war zones will trigger significant surcharges.
• Vessel Size: Hull insurance is priced based on the vessel’s age, survey report, and intended navigation limits.

The “Independent Difference”: Why Dream Assurance?

Maritime insurance is global and complex. “Independent Means Multiple Choices” connects you with carriers who understand international incoterms.

• Global Reach: We work with major marine underwriters who have claims agents in ports around the world.
• Incoterm Advice: We help you understand when risk transfers from seller to buyer (FOB vs. CIF) to ensure you aren’t paying for coverage you don’t need.
• Personal Advocacy: If cargo is seized or damaged, our team assists with the complex paperwork required to release bonds and settle claims.

 
Experience the confidence shared by the professionals we protect, and let us turn these options into a clear, comprehensive protection plan for you.

Dream Assurance

5.0

Based on 158 reviews

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Leslie Franke

17:49 13 Apr 26

Addison was great he was able to match me with the exact insurance policy that I needed at a cost I can afford!!!

Alex D

13:49 07 Apr 26

The insight was unmatched by any other insurance company. I’ll be using them for all my insurance needs.

G Clark

16:19 04 Apr 26

I’ve had a fantastic experience with Dream Assurance. From the very beginning, Kurtis made the process of choosing a plan straightforward and stress-free.

Robert Anderson

20:36 23 Mar 26

If you’re looking for real people that handles your needs fast then dream assurance is the way to go. Micheal Moran is probably the best insurance agent I’ve ever had. No matter the time or day, he finds a way to respond back. Not to mention we’re in two different time zones and he works like we’re in the same state. I wish I could give them more stars. Forgot to mention they’ll beat any insurance rates you find!!!

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