Cargo Insurance

Cargo Insurance

Cargo insurance is a type of insurance that protects against financial loss or damage to goods while they are in transit, whether by land, sea, or air.

Types of Cargo Insurance

All-Risk Coverage: Covers all risks of physical loss or damage to the cargo, except for specific exclusions.

  • Named Perils Coverage: Only covers specific risks that are listed in the policy, such as theft, fire, or collision.
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General Average: This principle involves sharing the loss incurred by all parties in a maritime venture, such as when cargo is jettisoned to save a ship.

Bonds and Guarantees: Some policies may include bonds that guarantee payment for specific incidents.

  • Land Transportation: Coverage for goods transported via trucks or rail.
  • Ocean Freight: Protection for cargo transported over water.
  • Air Freight: Insurance for goods transported by air carriers.
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  • Financial Protection: Helps businesses recover the value of lost or damaged goods.
  • Risk Management: Mitigates financial risk associated with shipping and logistics.
  • Peace of Mind: Provides assurance that goods are covered during transit.
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Type of Cargo: High-value or hazardous goods typically have higher premiums.

Insurance Provider: Different insurers may have varying rates and coverage options.

Route and Mode of Transportation: Riskier routes may result in higher costs.

Claims History: A history of frequent claims can increase premiums.

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At Seven Horse Shipping Agency, we're dedicated to providing world-class shipping solutions. With expertise in international cargo and freight forwarding, we ensure your goods reach their destination safely and on time

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