Cargo and Cargo Transportation Insurance – Features and Conditions

Cargo insurance is one of the types of property insurance aimed at protecting the property interests of cargo owners in the event of losses caused by various incidents (insured events) during cargo transportation.

Cargo and cargo transportation insurance is aimed at protecting the interests of the owner of the goods. The insured may be a cargo carrier or a freight forwarder responsible for transportation.

Why insure cargo?

Cargo insurance will help with:

• Damage during loading, unloading of the goods.
• Theft of cargo (both with and without a vehicle).
• Damage to cargo as a result of an accident.
• Adverse weather events.
• Infrastructure malfunctions.

Cargo insurance includes the reservation of funds that are necessary to reduce losses.

Types of Cargo Insurance

There are several types of insurance policies:

• A—Insurance with liability for all risks. This is the most reliable type of insurance, which gives the customer 100% confidence that he/she will not lose the money spent on his/her order.
• B—Assumes a refund for both loss and damage to the cargo.
• C—Insurance without liability for damage. The organizer of the transportation reimburses the damage only in case of loss or destruction of the cargo.

Uni-Laman Shanghai offers its customers cargo transportation insurance on the best terms. In case of an insured event, the customer can have no doubt about the full and timely payment.