Marine Cargo, Freight & Transport Insurance
KEEPING YOU AND YOUR CARGO ON THE ROAD TO SUCCESS AND IN CONTROL OF YOUR TRANSPORT COSTS
What Does Marine Cargo and Freight Insurance Cover?
When shipping goods, it is essential to have comprehensive transport, freight, and cargo insurance to cover all potential risks during transit. This insurance typically includes coverage for damage or loss due to accidents, theft, natural disasters, and other unforeseen events. Additionally, it often encompasses protection against delays that could result in financial losses, spoilage for perishable goods, and even coverage for legal liabilities that may arise if the cargo causes damage to third-party property. Having such extensive insurance ensures that both the shipper and the recipient are safeguarded against a wide array of potential issues, providing peace of mind and financial security throughout the shipping process.
- Transit: Protection during the entire journey.
- Import and Export: Coverage for international shipments.
- Storage During Transit: Protection while goods are temporarily stored during transit.
Marine cargo and freight insurance safeguards your liability for cargo that is either physically lost or damaged during transit or while awaiting transit. This includes coverage for:
- Loading/Unloading: Damage occurring during the handling of goods.
- Weather: Protection against adverse weather conditions.
- Piracy: Coverage for losses due to piracy.
- Infestation: Protection against damage caused by pests.
- Theft: Coverage for stolen goods.
- Other Damage-Causing Factors: Any other unforeseen events causing damage.
Insurance can cover goods in transit across the UK, Europe, or worldwide.
Freight Liability Insurance
Freight liability insurance is crucial to protect against financial responsibility for damage or loss of goods. This type of insurance ensures that you are covered in various scenarios where your cargo might be damaged or lost during transit. One significant principle to be aware of is General Average, which can impact financial responsibility even if your cargo survives a voyage. Under this principle, if part of the cargo is deliberately sacrificed to save the vessel and the remaining cargo, all cargo owners may be required to share the financial burden of the loss. Therefore, having freight liability insurance not only protects your own goods but also provides coverage for potential liabilities arising from the losses of others’ cargo, ensuring comprehensive protection and peace of mind.
Who Needs Cargo & Freight Cover?
Anyone transporting goods by road, rail, air, or sea should have comprehensive insurance. Shipments can get lost or damaged, and carriers usually provide only limited compensation. Carriers are legally required to offer limited cover under carrier liability, often capped at a certain amount. Therefore, having transport, freight, and cargo insurance ensures the full value of your shipment is protected.
Tailored Cover From a Specialist Cargo Insurance Broker
We assign clients a dedicated vehicle expert focused on providing the right solutions to protect your business. Our specialists take a personal interest in understanding your unique needs, offering insurance and risk management tailored specifically to the transport and logistics sector. Whether you run a small owner-operated business or manage a large vehicle fleet, we cater to all transport and cargo businesses. Our goal is to ensure comprehensive coverage and support, allowing you to operate with confidence and security in a challenging industry.
Cargo & Freight Insurers
We collaborate closely with insurers in the transport and freight sector, ensuring:
- Expert Knowledge: Deep understanding of cover options and pricing.
- Bespoke Solutions: Customised insurance solutions to meet individual customer needs.
- Quick Claims: Efficient claims processing to get you back on track swiftly.
Our expertise in the transport and logistics sector is unparalleled, and we pride ourselves on delivering exceptional personal service to our customers.
For more information or to discuss your insurance requirements, please contact us at:
- Phone: 0207 856 0423
- Email: info@forwardingfreightservice.co.uk
We look forward to assisting you with all your transport, freight, and cargo insurance needs.
