Cargo Insurance

Financial Protection for Your Shipment Value

Cargo insurance provides financial protection for your goods against loss or damage during transportation. Even with proper packing and careful handling, shipments remain exposed to risks throughout the shipping journey.

Cargo insurance ensures your shipment value is protected from origin to destination.

Why Cargo Insurance Is Important

During transportation, cargo passes through multiple handling stages across different routes and environments. Accidents, improper handling, weather conditions, or unexpected incidents may result in damage or loss.

Without cargo insurance, these risks can lead to unplanned financial exposure and additional costs that directly impact your business.

Types of Cargo Insurance

Choose the right insurance solution based on your shipment value, frequency, and route.

All-Risk Insurance

Comprehensive coverage against most transportation risks.

Named Perils Insurance

Coverage limited to specific risks clearly stated in the policy.

Open / Annual Cover Insurance

Ideal for frequent shippers with ongoing or multiple shipments.

What You Should Know

Carrier liability is limited and does not reflect the actual value of your cargo
Compensation is often calculated based on weight, not cargo value
Certain risks may fall outside standard carrier responsibility

Cargo insurance protects your shipment based on its declared value, ensuring proper financial coverage in case of loss or damage.

What Cargo Insurance Covers

Depending on the selected policy, cargo insurance may cover:

Loss or damage during transportation
Handling and transit-related risks
Weather-related incidents
Sea, air, and land shipments
Domestic and international routes

Real Cargo Insurance Example

A 40ft container carrying commercial goods with a declared value of $80,000 is shipped by sea.

During transit, rough weather causes damage to part of the cargo.

Actual damage value: $22,000
Carrier liability without insurance: approx. $2,500 (calculated by weight)
Financial loss without cargo insurance: $19,500

Because cargo insurance was in place, the damaged amount was fully covered based on the declared cargo value, allowing the shipper to avoid a significant financial loss.