Not all cargo insurance policies are the same. Many business owners only realize this when a claim occurs and their coverage doesn’t apply. Here’s how to choose the right one.
What does a good cargo insurance cover?
Total or partial theft
Rollovers and accidents
Damage from moisture, fire, or mishandling
Land, sea, and air transport
Multimodal coverage (the same cargo using different transport types)
Extraordinary expenses or delays caused by incidents
Container and cargo insurance
What do generic insurances usually NOT cover?
Poor documentation or inadequate packaging
Intentional wrongdoing or negligence
Undeclared or invoiceless goods
Customs rejections
Unauthorized cargo
How to avoid problems?
Insure your cargo from the point of origin
Carefully review contract terms
Use insurers with logistics experience
Request direct service (not through external agents)