Cargo insurance is a type of insurance policy that provides coverage for loss or damage to goods during transportation by sea, air, or land.
Cargo insurance protects the financial interests of shippers and consignees by reimbursing them for the value of goods that are lost, damaged, or delayed while in transit. This coverage can be tailored to specific needs, including all-risk policies that cover a wide range of potential hazards or more limited policies focusing on particular risks. The insurance can apply to various stages of the shipping process, from the point of origin to the final destination. Obtaining cargo insurance is crucial for mitigating the financial impact of unforeseen incidents, ensuring business continuity, and providing peace of mind. Properly managing cargo insurance helps in maintaining a resilient and reliable supply chain by safeguarding valuable assets against potential disruptions.
Cargo Insurance