International shipping involves several potential risks, such as:
damage or deterioration,
theft and fraud,
force majeure events,
temperature deviations (for refrigerated shipments).
Types of insurance coverage
Type of insurance;What it covers;Best used for
All-risk coverage;Any damage, loss, or force majeure events;Valuable and fragile cargo
Carrier’s Liability;Damage caused by the carrier’s negligence;All types of cargo
Refrigerated Cargo Risks;Temperature deviations and related spoilage;Perishable goods
Loading/Unloading Coverage;Damage during loading and unloading operations;Fragile and oversized items
Storage coverage;Risks associated with temporary storage;Consolidated shipments
open Cover Policy – for regular shipments under a long-term agreement (can save up to 30%).
Required documents:
insurance application,
shipping documents,
invoice and contract,
cargo certificates (if applicable).
Process:
consultation and cost calculation,
conclusion of a contract,
support throughout the entire route,
settlement of losses (in the event of an insured event).
Insurance specifics by mode of transport
Mode of transport;Coverage details
Sea Freight;"Port-to-port" coverage, including loading and unloading operations
Air Freight;Protection against air accidents and flight delays
Rail Freight;Protection against damage during cargo transfers and gauge-change operations
Road Freight;Insurance against traffic accidents, theft, and unauthorized access