• Cargo Insurance

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      Cargo Insurance

      Cargo Insurance

      Cargo insurance, which is one of the oldest and the most common commercial insurances, provides coverage against risks of physical loss or damage to freight during the shipment from any external cause. The movement of goods across the world comes with certain risks and infact, insuring cargo ensures that the values of goods are protected against potential losses which may occure during transportation.

      Types of Cargo Insurance

      Cargo insurance can be taken for international (including import and export) as well as domestic transportation. Transportations are carried out either by air, land or sea. Means of transportation include different ships, trucks, trains, airplanes and… . Cargo insurance also covers the losses or damages due to cargo loading/unloading.

      Coverages are usually provided under standard international clauses to facilitate claims payments and claims recoveries from third parties who caused the loss.