TYPES OF COVERAGE WE OFFER
- Ocean and air freight policies
- General average
- Stranding, sinking, burning, and collision
- Heavy weather
- Faults in the management of the vessel
- Strikes, riots & civil commotions (SR & CC)
- Pilferage, leakage, breakage, and rough handling
- Improper stowage by the carrier
- War policy
Get in touch with our insurance expert to know more about how cargo insurance can help you and inquire about coverages and premiums.
INSURANCE COST pennies per $100 of value
For example, if your goods were valued at $50,000, your insurance cost would be around $250. While some goods have a deductible that must be met before insurance can be collected, most do not.
Contact our Agent and get a Quote
Our insurance experts can discuss your policy coverage for specific commodities or regions.
Why You Should Purchase Extra Cargo Insurance
- Purchasing additional cargo insurance is the best way to protect your shipments as it can cover the full cost of the cargo regardless of carrier liability.
- Although shipping companies are required by U.S. and international laws to carry a certain minimum amount of cargo insurance, it only covers a meager dollar amount, most freight has a much higher value than these rates below, without the proper insurance, you could lose a big part of the value of your cargo.
- Ocean carriers: even if you prove they are legally liable, their limit of liability is $500 USD per package or customary shipping unit, or the actual value of the goods, whichever is less.
- Air freight carriers: are only liable for 19 SDR per kilo (approx. $24 USD).
- There is no requirement to buy cargo insurance. However, it is highly recommended so you can better protect your goods from exposure to risks – some that could be catastrophic. That’s why it is important to weigh the low cost of insurance with the potential losses and collateral damage that could occur without insurance.