Cargo insurance is a type of insurance taken out to claim compensation if goods are damaged or lost during transport. It is widely used in the transport sector and varies according to the value and nature of the goods and the mode of transport.
Cargo insurance covers the risks that may arise throughout the transport process. These risks include theft, fire, natural disasters, accidents, shipwrecks and aircraft accidents. Insurance companies offer specific cover against such risks in their policies. If the insured goods are damaged or lost within the scope of the policy, the insurance company pays compensation for the loss.
Cargo insurance is usually taken out by the cargo owner. The transport company carrying out the shipment also has its own insurance, but this only covers risks related to its own vehicles or operations.
Cargo insurance is important for the security of the transport operation. It relieves the cargo owner of financial responsibility for risks that may occur during transport. Cargo insurance is also important in terms of transport safety and risk management. If any problem occurs during transport, the insurance policy provides the financial security needed to compensate for the loss.
If you need cargo insurance, please contact our company; we will be happy to help.
