Transportation
Cargo Insurance
Insurance that protects goods against loss or damage during transit.
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Updated 2025-10-01
Definition
Cargo insurance provides financial protection to shippers and consignees against loss, damage, or theft of goods while in transit.
Overview
Overview
Cargo insurance covers all types of transportation, including sea, air, and land shipments.
Types
- All-risk insurance: Covers most perils
- Named-perils insurance: Covers specific risks only
Benefits
- Financial protection against unforeseen losses
- Peace of mind for shippers and consignees
- Supports international trade compliance
Example
A shipping company insures a container of electronics to safeguard against ocean damage during overseas transport.
Tags
#Cargo Insurance#Shipping#Risk Management#Logistics
Related Terms
Marine Insurance
Bill of Lading
Carrier Liability
