Cargo Shipping Insurance
What is Cargo & Transit Insurance?
Transit and cargo insurance is also commonly known as shipping insurance. Insurance mitigates the risk by providing coverage for specific events unique to cargo transportation between locations.
What type of Risks may Cargo and Transit insurance cover?
The types of risks that cargo and transit insurance may cover include:
Delayed Shipment costs
Non-delivery by a carrier
Loss of goods
Acts of Piracy, theft and pilferage
Intentional damage by officers or crew of a vessel
What other unforeseen risks might a Cargo & Transit insurance cover?
Insolvency by the carrier
Extended coverage to cover unique storage condition situations.
Time delays leading to losses in other commercial aspects.
Partial risk-sharing is where a loss is shared amongst cargo owners and ship owners.
This is a bespoke policy offered by Swift Insurance. Please speak with us for a consultation.