Protection from Loss, Damage, or Theft
In addition to the mode of transport, cargo insurance can be availed based on various parameters such as the nature of the cargo being shipped, quantity, value, perishability, etc.
Cargo insurance is one of the essential parts of risk management, and multiple coverage options are available to serve diverse business interests.
Increased globalization and international trade affect industries and sectors where goods in small parcels to container units and entire vessels move around the globe faster than ever. Hence, cargo insurance plays a vital role in this process, with mechanisms to protect and compensate business entities in case of theft, lost, or damaged freight.
❭❭❭ Cargo insurance provides valuable protection and peace of mind for any business entity involved with shipping.
- Marine Cargo Insurance
- Land or Haulier Cargo Insurance
- Type A — all-risk insurance
- Type B — with average insurance
- Type C — free of particular average insurance