As goods cross borders by land, air or sea keeping control becomes increasingly difficult. New technological advances have created high expectations by customers in terms of manufacture and delivery.

Not only this, globalisation has made trade with less developed countries a reality, thereby meaning that weaker logistics infrastructure and theft may pose threats to delivery. These unpredictable local conditions can make moving and protecting cargo a complex process. 

Protect your supply chain from disruption and any negative impact on customer loyalty, company reputation, and cash flow with cargo insurance.

Who needs cargo insurance?

Cargo insurance is required by any business that manufactures or buys or sells finished products, components or raw materials. If your business imports or exports goods or transports goods in the UK or overseas, then you could benefit from the peace of mind that cargo insurance can provide.

What does cargo insurance cover?

Cargo insurance typically covers all risks of physical loss or damage to goods during transit, imports, exports, and domestic carriage, including any incidental storage.

We can arrange for the insurance of individual shipments, or if you prefer regular shipments, we can arrange open marine cover which can provide a more cost effective solution via our underwriters.

All Carriers, Freight Forwarders, Consolidators, Haulage and Warehousing Companies have limits of liability that often fail to cover the replacement value of cargo lost, damaged or stolen. It is therefore important to insure your cargo for the full replacement value which should include:

• Cost of cargo
• Costs of shipping to door
• Customs Duty
• VAT Charges.

What is the cost of cargo insurance?

The cost of your cargo insurance premium will depend on:

• The value of the goods being transported
• The method of transportation
• The destination of the goods