What is cargo insurance or shipping insurance?
What is cargo insurance?
Cargo insurance (also known as marine, shipping or freight
insurance) covers the loss, damage or theft of commodities
while in transit. Learn about the
different types of marine
cargo insurance coverage.
Why do I need to insure my goods?
Did you know that most insurance from your supplier, or shipping company, does not cover many types of common losses? How will it effect your company’s bottom line to lose the
value of an entire shipment? Losses during transport occur
daily. Cranes puncture containers, water makes its way in,
and
thieves get smarter faster than we can invent better
locks and seals. Statistics show that an importer will be involved
in 1
General Average case every 8 years.
Benefits of an annual all-risk cargo insurance policy.
For a fraction of your annual business costs you are given
peace of mind, knowing that while your goods are in transit,
and completely out of your control, your maximum financial
loss is limited to your deductible.
- Asset protection
- General Average (GA) guarantee
- Control over claims
- Customized coverage & pricing
- Local representation
- Automatic & continuous coverage
- It’s cost effective!
DID YOU KNOW . . .
Shipping insurance is the
oldest form of insurance?
Marine cargo
insurance can be traced back to the
Phoenicians, the earliest known ocean traders.
When a coverage dates back thousands of
years, it is of little wonder that cargo insurance
can be a confusing proposition.
TRG Marine™
has developed world-class cargo markets with
coverage that gives you peace of mind to
operate in a global marketplace.