Cargo Insurance: Why do you need a partner who offers it?

Understand Logistics & Freight

When transporting your goods, whether using road, air or sea freight, they will be exposed to several risks. Even with the assistance of a reliable freight forwarding partner, there are many external factors that can interfere with the progress of a logistics operation. Therefore, it is essential to hire an international cargo insurance for your demand.

The cargo insurance is intended to cover any type of damage or eventuality that compromises the integrity of the cargo during an import or export process. Although there are many types of cargo insurances, in general, all of them should cover the physical damages suffered by the shipment due to unforeseen circumstances beyond the cargo owner’s control. These apply to sea accidents, shipwrecks, piracy, explosions, etc. For the goods to be insured, they must have been packed correctly and accordingly to the conditions required for that specific type of cargo.

For you to understand more about the importance of choosing a logistics partner that offers cargo insurance, we have listed the main benefits of this asset. Check it out!

Why hiring a partner that offers cargo insurance?

• Guarantee of no financial harms

No one wants to have issues when shipping their cargo overseas, however, there are some risks you can’t avoid and could result in problems with your goods. This is the most important reason why you need to count on a partner that offers cargo insurance: they will ensure that you are not financially harmed in any way in case something happens along your cargo’s journey.

• Be prepared for unforeseen events

When it comes to conducting international logistics operations, you should be prepared to deal with unforeseen events throughout the operation. Whether there are inappropriate weather conditions or issues with the carrier that may result in the loss of your goods, a good cargo insurance will give you all the support you need during occasions that are beyond your control.

• Be eligible to import/export anywhere

Besides the safety and financial reasons for hiring a cargo insurance, there is also the fact that some countries only allow export and import operations to carriers who present an insurance certificate for their cargo. Therefore, hiring an insurance is essential to be eligible to ship to these countries!

How to find the ideal cargo insurance for your logistics demand?

Each cargo insurance has a specific coverage and you should find the one whose policy best suits the nature and value of your cargo. To define the most appropriate international cargo insurance, it is recommended that you have the assistance of a freight forwarder who can instruct you on all available insurance options and which is best for your transportation needs, such as FOX Brasil.

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