Cargo Insurance

Cargo Insurance from Magaya Insurance Services Inc.

By: Magaya Insurance Services Inc.  05/07/2014
Keywords: Customs Brokers, Cargo Insurance, Truck Transportation Brokers

Why is Cargo Insurance so Important? It’s vital to protect the cargo while it is in transit, not just while it is in your warehouse. Perils include potential cargo damage or loss due to storms at sea or piracy, accidents on the highway, and more. Uninsured cargo will cost you and your business. Transfer the risk of financial loss from the cargo owner to the insurer. Cargo insurance insures the shipper’s cargo while it is in transit, and it protects freight forwarders against physical loss or damage to the cargo from any external cause and protects you in case of loss. Uninsured cargo raises the financial risk for the shipper and the freight forwarder. Your contract or bank may require cargo insurance. Most banks require insurance to be issued before a letter of credit will be issued.

Keywords: Cargo Insurance, cargo insurance quote, Custom House Brokers, Customs Brokers, Truck Transportation Brokers, Trucking Transportation Brokers

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Other products and services from Magaya Insurance Services Inc.

Freight Forwarders (Errors and Ommisions) from Magaya Insurance Services Inc. thumbnail

Freight Forwarders (Errors and Ommisions)

E&O insurance covers the freight forwarder in the event a client holds the freight forwarder responsible for a service provided