Cargo insurance

The conclusion of an insurance contract is an important step that will ensure the protection of the cargo during transportation. We help the client choose the optimal insurance conditions and interact with the insurance company to complete all necessary documents.

Cargo insurance is your protection at every stage of transportation

Our company offers cargo insurance services, providing you with additional security and peace of mind throughout the entire transportation process. We understand that each shipment has its own value, and therefore we consider it important to offer our customers the opportunity to insure their shipments.
If you need to insure the cargo, simply indicate this in your application. Our team is ready to help you with the registration of the policy and answer all your questions on this issue.
By trusting us, you can be sure that your cargo is protected, and we will do everything possible to ensure its safe and timely delivery. Protect your interests — choose reliability!

How we work

We evaluate the needs of the client and cargo
We give recommendations on choosing the type of insurance
We conclude an insurance contract
We accept payment of the insurance premium
We transfer the policy to the client
We monitor the fulfillment of insurance conditions

Why do I need to insure the cargo?

Protection against financial losses

Cargo insurance protects against significant financial losses in case of damage, loss or theft of goods. Without insurance, a business can incur serious losses, especially if the product is expensive or important for fulfilling the contract.

Confidence and calmness

Insurance gives businesses the confidence that the product will be protected, which allows them to reduce stress and focus on other aspects of their work. Knowing that the damage will be compensated helps entrepreneurs act more decisively.

Protection against force majeure and risks

Natural disasters, accidents, political unrest, or unpredictable events such as pandemics can affect cargo transportation. Insurance helps to cover losses incurred due to force majeure, which can completely disrupt the transportation plan.

Reducing risks in international transportation

When transporting goods across different countries and continents, where there may be problems with customs, border services or difficult conditions for transportation, insurance significantly reduces the risks of loss and damage, which is especially important for international shipments.

Speeding up the compensation process

In the event of an insured event, the insurance company compensates for insurance losses in a relatively short time, which allows the business to recover quickly and continue its activities without long interruptions or financial losses.

Reduction of liability for cargo damage

Insurance helps to reduce the legal liability of the cargo owner in case of damage to the goods during transportation. This is especially important if several parties (forwarders, carriers, warehouses) are involved in the transportation process, and the question arises as to who is responsible for the damage.

Frequently Asked Questions

What is cargo insurance and why is it needed?

Cargo insurance is the process of protecting cargo from the risks associated with damage, loss, or theft during transportation. Insurance is necessary in order to minimize financial losses if something happens to the cargo (for example, in case of an accident, fire, damage during loading or unloading). It gives the cargo owner confidence that his goods will be protected at all stages of transportation.

What are the main risks covered by cargo insurance?

Cargo insurance covers various risks, including:

Damage or loss of cargo during transportation (accidents, natural disasters, damage during loading or unloading).
Cargo theft.
Deformation or loss of packaging integrity.
Fires, explosions, and natural disasters (such as floods or earthquakes).

Depending on the terms of the contract, insurance may cover all of these risks or only part of them.

What types of cargo insurance are there?

There are several types of cargo insurance:

All Risks insurance — covers any loss or damage to cargo, except for the exceptions specified in the contract.
Insurance against certain risks (Named Perils) — covers only specifically specified risks, such as theft, fire, and accidents.
Fixed—amount insurance – the cargo is insured for a certain amount, and if losses exceed this amount, only that part of the damage that does not exceed the limit is compensated.
Cargo cost insurance — depends on the value of the goods, is specified in the contract and may include additional transportation costs.

What documents are required for cargo insurance?

The following documents are required for registration of cargo insurance:

A contract or bill of lading for cargo transportation (for example, CMR for road transportation or Bill of Lading for sea transportation).
An invoice or technical specifications of the cargo.
Loading and transport documents.
Customs declarations (if the cargo crosses international borders).
Documents confirming the value of the cargo (for example, a commercial invoice).

These documents allow you to accurately determine the cost and conditions of transportation, as well as the risks that need to be covered.

How is the cost of cargo insurance determined?

The cost of cargo insurance is determined based on several factors:

The cost of the cargo (the higher the cost, the more expensive the insurance).
The type and nature of the cargo (some cargoes, such as valuable or fragile goods, require additional insurance).
Transportation route (for example, the risks on some sections of the route may be higher, which also affects the cost of insurance).
Type of transport (conditions may vary for air, sea, or road transport).
The amount of the deductible (the amount that the client is willing to cover independently in case of damage).

The higher the deductible, the lower the cost of insurance.