Cargo insurance provides protection for goods and merchandise against physical loss or damage while they are being shipped by land, sea, or air. As a cornerstone of global trade and logistics, this policy safeguards a company’s financial interest in its products while they are in transit, covering risks from theft and mishandling to natural disasters.
- What It Is: Insurance that protects goods and merchandise from loss or damage while being shipped by land, sea, or air.
- What It Covers:
- Physical Loss or Damage: From perils like theft, weather events, accidents, or mishandling.
- Who It’s For: Exporters, importers, logistics companies, and any business that ships valuable goods.
- Key Considerations: Essential for international trade and logistics. The policy can be written to cover all risks or only named perils.