Cargo Insurance covers loss and/or damage during the movement of cargo in international or domestic trade. Goods may be transported by sea, air or land. Policies and coverage are tailored to clients' needs.
1. Total Loss Coverage
Goods being shipped are insured for a total loss/total damage to the entire shipm ent resulting from any of the following risks during transit:
This coverage is available for All Goods and all conditions: Used, New and Reconditioned. No packaging requirements. Owner packed goods are accepted.
2. All Risk Coverage
Goods being shipped are insured against All Risks of physical loss or damage (partial & total loss) resulting from any external cause while in transit (door to door); including extended coverage for Loading and Unloading, War, Strikes, Riots, Civil commotions, Duty, Theft and Non-delivery of any portion of the shipment (individual items and/or the entire shipment). Subject to the Standard terms and any applicable special commodity terms and deductible listed below.
This is the Broadest All Risk coverage available anywhere, subject to very few exclusions which are standard in every cargo policy and considered to be rare; such as terrorism, nuclear events, radioactive contamination, delay in transit, improper/unsuitable packaging and willful misconduct by the insured. For full details of coverage, please view the Standard Terms listed below.
We also arrange to provide security customs bond for single entry or full year validity
Additional insurances are available for -
*We are not an insurance company or an underwriter. We arrange the cargo insurance coverage thru an authorized agent.