Cargo Insurance
Cargo Insurance Every Mile, Every Service, Every Time
Cargo insurance, also known as marine cargo insurance, is a type of insurance that provides coverage for loss or damage to goods and merchandise while they are being transported from one location to another. It is essential for protecting the financial interests of businesses involved in shipping and logistics, as well as for the individuals or companies shipping goods.
Coverage Scope
Cargo insurance typically covers the goods from the moment they leave the shipper's location until they arrive at the consignee's destination. This coverage can extend to various modes of transportation, including sea, air, land (road and rail), and even storage in warehouses.
Types of Cargo Insurance:
All-Risk Coverage:
This provides the broadest protection and covers a wide range of perils, including theft, damage, accidents, and more.Named Perils Coverage:
This covers only the specific risks that are explicitly named in the policy, such as fire, collision, or sinking of the vessel.General Average Coverage:
This applies when a deliberate sacrifice of cargo or expenditure is made to save the vessel and the remainder of the cargo. All parties involved share the loss.
