Cargo Insurance
Cargo Insurance covers loss and/or damage of cargo while it is in transit between the points of origin and final destination. Goods may be transported by sea, air, or land.
Cargo Insurance is essential for businesses engaging in international trade, especially those shipping large quantities of goods by boat. Specific terms and benefits vary widely across the world and many Cargo Insurance Policies are custom tailored for specific shipments, but a few general principles apply to the entire industry.