Cargo Insurance

What is Cargo Insurance?

A large number of risks are always present when goods are moved across the sea, land or air. Whether it’s from the time the goods leave your warehouse, throughout the course of transit or until delivery to the final warehouse, keeping them safe is highly important, and at the same time, challenging. Cargo insurance protects you as the buyer or seller, against various hazards related to the movement of goods or cargo. 

Who is Covered for Cargo Insurance?

Freight forwarders
Logistics Companies
Trucking companies

Cargo Insurance Coverage

Seafreight Cover

Through navigable bodies of water by means of vessel 

Airfreight Cover

By means of an aircraft 

Inland Cover

Through dry land by means of LTO-registered vehicles 

Stock Throughput Cover

Provides seamless cover for all moveable goods (inventory) that are subject of the insured’s trade, including raw materials, semi-finished and finished products 

Container Insurance Cover

Covers various types of containers or tanks used in transporting cargo or any moveable properties while they are in transit or in a container yard

Cargo In Transit

Ensures recovery from cargo losses due to: 

  • Fire, explosion, stranding, grounding, sinking or capsizing of cargo vessel or craft
  • Overturning or derailment of land conveyance
  • Collision or contact of cargo vessel with any external object other than water 
  • Both-to-blame collision
Protection Against Various Perils
Offers additional coverage against: 

  • Earthquake
  • Volcanic eruption
  • Lightning
  • Washing overboard
  • Entry of water into the cargo vessel or craft, container of storage place
  • Total loss of any package fallen overboard or dropped while loading or unloading 
All Risk Safety Net Coverage
Covers losses and damages due to all causes mentioned above including protection against: 

  • Theft
  • Pilferage
  • Non-delivery of cargo
  • Deliberate damage to or destruction of the insured goods by any person/s
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