With the ever-increasing volumes of international trade, the need for cargo owners to protect themselves from financial loss following physical loss or damage to their goods has never been greater.
Key aspects of cargo insurance
Coverage Against Loss or Damage
Protects cargo from risks such as theft, accidents, natural disasters, and handling errors.
Types of Policies
Includes all-risk policies (covering most damages) and named-perils policies (covering specific risks like fire or collision).
International Trade Protection
Essential for importers and exporters to safeguard shipments against transit-related uncertainties.
Liability Limitations
Helps bridge gaps where carrier liability may not fully compensate for lost or damaged goods.
Additional Coverage Options
Some policies include protection against war, strikes, and civil unrest affecting cargo movement.
