"Cargo Insurance"

What is it, How it works, How to Get, Eligibility, Types, Coverage, Cost & 10 Best Cargo Insurance Providers

What is Cargo Insurance ?

Cargo insurance is a type of insurance that provides coverage for the loss or damage of goods and merchandise during transit, whether it's by land, sea, air, or rail.

How Cargo Insurance Works ?

When goods are being transported, they can be exposed to risks such as accidents, theft, natural disasters, and more. Cargo insurance helps mitigate these risks by providing compensation.

Who is Eligible to Get Cargo Insurance ?

Any individual, business, or organization involved in the shipment or transportation of goods via land, sea, or air can be eligible to obtain cargo insurance.


Types of Cargo Insurance

Cargo insurance can be categorized into specific types such as All Risk, Named Perils, and General Average, each providing coverage for different risks and circumstances.

What Does Cargo Insurance Cover ?

Cargo insurance covers the financial loss or damage to goods during transit, including risks like theft, damage from accidents, natural disasters, and other unforeseen events.

Cost of Cargo Insurance

Cost of cargo insurance varies depending on the type of goods, their value, shipping route, and more, but it is typically calculated as a percentage (around 0.1% to 2%) of the total insured amount.

How to Get Cargo Insurance ?

To obtain cargo insurance, contact insurance providers or brokers specializing in transportation and logistics, and choose a policy that suits your requirements.

Best Cargo Insurance Providers

check best companies

To find the best cargo insurance providers, consider looking into established insurance companies. Below are some well-known companies that often offer cargo insurance.