Should I Buy Insurance for Cargo Shipments?
Shipping insurance is a cost-effective investment that shouldn’t be overlooked for international ocean and air freight to make sure your valuable cargo is sufficiently protected. While most shipments go smoothly, unforeseen events do happen. The small investment in cargo insurance decreases your financial exposure in the unlikely event of a claim. What is Cargo Insurance? Throughout the entire international shipping process, cargo insurance will protect the value of your goods against theft, damage, or what is known as “General Average.” General Average is specific to ocean transport and means if goods are lost or damaged as a result of the vessel’s captain trying to save the ship, all shippers share in the loss equally. In the event of this happening, expect many delays including cargo being held while the case is being investigated. All-Risk Marine Insurance is recommended to cover most losses or damage. Over the years, our customers have found invaluable peace of mind b...