Cargo Insurance
Note: All information provided is merely a brief explanation of what the policy is. Contact an expert or book a call for further explanation regarding the policy.
Cargo insurance protects goods in transit by land, sea, or air, providing financial compensation for loss or damage. Essential for businesses involved in shipping, it mitigates financial risks and ensures goods are safeguarded from origin to destination, maintaining operational continuity and client trust.
-
All-Risk Coverage:
-
Coverage: Extensive protection against all types of risks unless explicitly excluded.
-
-
Named Perils Coverage:
-
Coverage: Protection against specific risks listed in the policy.
-
-
Total Loss Coverage:
-
Coverage: Compensation only in the event of a total loss of the entire shipment.
-
-
Warehouse to Warehouse Coverage:
-
Coverage: Protection for goods from the moment they leave the warehouse until arrival.
-
-
Contingency Insurance:
-
Coverage: Protects the seller’s financial interests if the buyer’s insurance fails to cover a loss.
-
Surface - level information is provided in the text above.