Cargo Insurance

 

Cargo Insurance Services

Shippers often question the need to purchase additional cargo insurance as they assume that their goods are covered fully by the carriers or buyers insurance and hence they are protected – This is not always the case.

In the process of transporting goods, at times cargo could be delayed, lost in transit, stolen or damaged. It is always recommended to take specific cargo Insurance especially to reduce the exposure to financial loss. Carrier’s liability is always limited and the liability conditions mostly won’t cover the value of goods and the cost of claim. Often it is a time consuming process to prove fault. Moreover it has to be proven in the court of law to get settlement of claims.

If an exporter who has not been paid for the goods at the time of shipment, or an importer who has paid for all or part of the goods before receiving them, there runs the risk of suffering a financial loss if the goods are lost or damaged during transit. Buyers insurance may not always be sufficient and often does not cover all risks.

Through specific insurance coverage we can offer global comprehensive coverage including partial loss, damages, pilferage, customs duties and taxes. The claim settlement is easier and faster. Through our associate licensed brokers, we offer a wealth of experience, knowledge and competitive rates from the competent insurance markets.