Trust Us to
Protect Your Business
For over 48 years, JICO has been dedicated to delivering tangible and practical insurance solutions to intermediaries and employers, fostering transparent and reassuring partnerships. Our unwavering dedication to being there for you when you need us the most has earned us the trust of businesses of all types and sizes.
Despite what the name implies, marine insurance refers to all modes of transportation of goods, including by land, sea, and air.
Why JICO Marine Insurance
Your Reliable Marine Insurance Partner
JICO is considered one of the most experienced insurance companies in Jordan, providing a fully comprehensive line-up of aviation and marine insurance.
Simplicity
At JICO, we make obtaining marine insurance a breeze with our user-friendly solutions, specifically tailored to your company’s needs.
Loyalty
We value building strong and lasting partnerships with our clients, and we are committed to earning your loyalty by delivering exceptional service and support.
Flexibility
Our team of experts offers customized insurance solutions that cater to the unique needs of businesses across various industries.
Speed
We recognize the value of timely service, which is why we pride ourselves on our efficient policies and quick turnaround times.
With You
Every Step of the Way
At JICO, we offer a variety of insurance products and services under our marine insurance umbrella, including cargo, hull, and machinery, legal liabilities, and aviation insurance.
Your Investment
Our Protection
Cargo Insurance
At JICO, our cargo insurance policy is specifically designed to provide comprehensive coverage for all types of cargo whilst being transported by land, air, or sea both locally and globally. With our policy, you can have peace of mind knowing that your cargo is protected against all potential risks of physical loss or damage during transit.
Types of Marine Insurance Contracts
Our cargo insurance coverage is available in two forms:
- Single shipment insurance, which provides coverage for a specific shipment, or
- Open cover insurance, which provides annual coverage for multiple shipments.
We offer flexible options for our marine insurance policies, including coverage for both single shipments and annual agreements through an Open or Floating Policy. As a leading insurer in Jordan’s marine industry, we provide coverage with a substantial insurance capacity.
Cover your cargo now
Hull and Machinery Insurance
Our Hull and Machinery Insurance contract provides comprehensive protection against physical loss or damage to insured vessels or fleets caused by various perils while in transit, including perils of the sea.
Although the most insured vessels are those operating in the ocean or at sea, our contract can also cover vessels that work in any kind of waterway, such as tugboats, barges, pleasure boats, tourist boats
Speak with our specialists
Legal Liabilities Insurance
At JICO, we offer Legal Liability Insurance that is specially designed to protect transport companies from legal liability toward cargo owners in Jordan. This policy covers losses or damages to cargo during transit and ensures that transport companies are financially protected in case of any mishaps.
Our policy ensures that transport companies are covered in the event of any damage or loss to the cargo during transit.
Choose JICO for reliable Legal Liability Insurance coverage
Aviation Insurance
At JICO, our Aviation Insurance offers coverage for aircraft-related risks, including hull losses, passenger injuries, and damage caused by aircraft accidents to the environment and third parties. This specialized insurance is tailored to address the unique challenges associated with aviation operations. Aviation insurance policies are distinct from other transportation insurance contracts, incorporating specific limits, clauses, and terminology related to the aviation industry.
Get Quotation Today!Everything you need from a Trusted Marine Insurance Partner
A simple definition of the word insurance would be “Protection against future loss.” Marine insurance is another variant of the general term ‘insurance’ and as the name suggests is provided to ships, boats and most importantly, the cargo that is carried in them. JICO’s products and customizable plan will assist your company to protect it’s future and lower the financial impact of the accidents and mis-haps.
Is marine insurance important? Learn why your organizations needs it
Marine insurance is a safe haven for shipping corporations and transporters because it helps to reduce the aspect of financial loss due to loss of important cargo. Also, it helps to bring about to the transporting companies and to the receiving parties, the duty, dedication and the straightforwardness of the Jerusalem Insurance .
Get a QuoteCall us to learn more
Your Reliable
Marine Insurance Partner
JICO is considered one of the most experienced Insurance Companies in Jordan which provides a fully comprehensive lineup of Aviation & Marine Insurance.
Who Needs Marine Insurance
Our versatile marine insurance contract caters to a diverse range of industries and business types, including Importers and exporters within the same country and/or worldwide, such as Manufacturers, wholesalers, retailers, repairers, logistics providers, ship owners, and a wide range of vessel operators, including tourist boats and pleasure boats.
Client Review
Rand Al Sakka
Customer
Very prompt response to my initial enquiry – extremely helpful and professional staff.
They gave me the most suited package for me and for my 3 children
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Khalid Abu Al Hija
Customer
My family left Saudi Arabia this summer. It was not easy being this far away from them.
Ahmad from JICO really helped me pick the best possible package!
Mariam Taha
Customer
I’ve never had to waite inline at a pharmacy and I’ve always been able to secure my monthly dosage with
My Chronic medications are delivered to the pharmacy each month right on time
Rand Al Sakka
Customer
Very prompt response to my initial enquiry – extremely helpful and professional staff.
They gave me the most suited package for me and for my 3 children
Khalid Abu Al Hija
Customer
My family left Saudi Arabia this summer. It was not easy being this far away from them.
Ahmad from JICO really helped me pick the best possible package!
Mariam Taha
Customer
I’ve never had to waite inline at a pharmacy and I’ve always been able to secure my monthly dosage with
My Chronic medications are delivered to the pharmacy each month right on time
FAQ Section
Questions mostly asked by our customers with answers to
help you better understand our insurance.
What is marine insurance and its types?
Marine insurance is a type of policy that indemnifies the insured party against losses or damages to goods that are transported from their country of origin to the destination. This type of insurance contract covers various aspects of transportation, including ships, cargo, yachts, freight liabilities, terminals, hull and machinery, as well as land, air, and sea freight, and any other means of transport that are used to transfer, acquire or hold goods between the points of origin and destination.
What is marine hull and machinery insurance?
Marine Hull and Machinery Insurance protects the insured vessel or fleet against physical loss or damage resulting from accidents, perils of the sea, or other covered risks while the vessel is in transit over water.
What are the “perils of the sea”?
Perils of the sea refer to insurance coverage for marine hull or cargo, which protects against damage caused by the sea’s extraordinary natural forces that maritime journeys may encounter during a voyage. Examples include storms, lightning, snow, ice, fogs, tides, rocks, sandbanks, volcanic eruptions, and undersea earthquakes.
How is premium determined in marine insurance?
The premium for marine insurance can be calculated by following the below steps:
1- First, determine the shipment value or freight cost.
2- Next, include an additional 10% to account for escalation costs.
3- Multiply the total value obtained by the insurance premium rate quoted by the insurance provider.
Which losses are not covered by the marine insurance policy?
1- Loss caused by wear and tear, gradual deterioration, insects, mold, and animals.
2- Loss or damage to the cargo due to delay.
3- Damage due to improper packing.
4- Loss due to insolvency of the cargo company.
Note: Some plans also exclude various damages, such as scratches, marring, or manufacturer’s defects.
Why is marine insurance necessary?
Marine insurance is important for businesses to gain peace of mind. In effect, our maritime policy gives the policyholder a sense of satisfaction, knowing that their goods are protected in the event of loss or damage. This allows them to focus on their business operations without worrying about the potential financial impact of shipping their goods.