Cargo Insurance

Cargo insurance, or freight insurance, provides protection against all risks of physical loss or damage to the freight from any external cause during shipping, whether by land, sea or air.

The standard insurance rate is typically 0.45 per $100 of declared value. The minimum amount is $50. The insurance usually covers:

  • Damage due to cargo loading/unloading
  • Damage due to weather
  • Piracies
  • Other marine/air related issues