What are the benefits of cargo insurance?
Cargo insurance reduces financial loss regardless of whether your goods get damaged or not. Some of the common benefits include:
- All risk coverage – Cargo insurance protects against the significant loss or damage caused by external factors such as theft, vermin or damage by improper handling.
- General coverage – This is the standard insurance policy for maritime shipments covering partial losses to the policyholder.
- Warehouse-to-warehouse coverage – As the term signifies, it protects against loss or damages caused while your cargo is being transported to and from warehouses.
- Peace-of-mind – Securing your investment gives you a sense of peace, which means you can sit back and relax knowing your cargo is safe.