Cargo Insurance
Our cargo insurance services provide financial protection for the value of your goods during transit or storage. We offer a range of insurance options tailored to your shipments – whether by air, sea, or land – so that if your cargo is lost, damaged, or stolen during the logistics process, you can recover the costs and mitigate the loss.
We can arrange “all-risk” coverage, which insures against most incidents (from theft to weather damage), or more limited coverage for specific named perils, depending on your needs and the nature of the cargo. We work with reputable insurance underwriters who specialize in marine and transportation insurance to secure competitive premiums and comprehensive policies.
The insurance process is seamlessly integrated into our service. When you book a shipment, you have the option to insure it for a declared value. We handle the necessary paperwork and policy issuance. In case of any incident, we assist you with the claims process – from documenting damage to liaising with adjusters – to ensure a prompt and fair settlement.
We also advise on appropriate coverage levels and terms. For example, if you’re shipping high-value electronics, we might suggest coverage for theft and breakage with a low deductible. For international ocean freight, we explain coverage options that account for general average scenarios (where shippers share losses if a vessel jettisons cargo to save the ship).
Additionally, we can provide specialty riders, such as coverage for refrigerated goods against spoilage due to temperature control failure, or war/strike risk coverage when shipping to regions with such hazards. This ensures that no matter the cargo or route, you have the right financial protection in place.
Benefits to Your Business:
- Risk Mitigation: By insuring your cargo, you transfer the financial risk of potential losses to the insurer. A single unfortunate event – like a truck accident or container lost at sea – won’t turn into a major financial setback. Your balance sheet remains protected even if the unexpected happens in transit.
- Peace of Mind: Knowing your shipment is insured allows you to operate with confidence. Instead of worrying about every conceivable mishap, you can focus on running your business, trusting that even in worst-case scenarios, you’re covered.
- Fast Recovery: With our support in claims handling, you can get reimbursed quickly and with minimal hassle. A faster payout means you can reorder goods or compensate your customer swiftly, maintaining good business relationships and continuity.
- Better Customer Assurance: If you’re shipping on behalf of clients or delivering directly to customers, having cargo insurance underscores your professionalism and reliability. In some cases, you can even advertise insured shipping as a value-add, meaning if an order is lost or damaged, it will be quickly refunded or replaced, building trust with your customers.
- Customized Coverage & Cost Control: We help balance the level of coverage with premium costs, ensuring you’re not overpaying for unnecessary coverage or underinsured for valuable shipments. With flexible options per shipment or blanket policies, you decide when and what to insure, managing insurance costs while still protecting key assets.