Every day, thousands of cargoes move on the street and road, in the air and on the water. Both sender and recipient want the load to arrive happily. However, it is not always possible to foresee or completely prevent the dangers lurking on the road. If something happens to the cargo, cargo insurance comes to the rescue, which compensates for the damage.

The cargo insurance contract can be signed by the owner, the legal possessor of the cargo or another person directly involved in the cargo transportation.

Cargo insurance offers the possibility to insure from the point Goods transported from A to B. By special agreement, we also insure cargo that is not the subject of a purchase-sale transaction. So, for example, we insure goods owned by the policyholder, which he transports from one place to another: exhibition exhibits, personal belongings in case of moving, etc.

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Only cargo transported by means of transport or equipment that meets the applicable technical requirements for transporting goods is insured. It is possible to conclude either a single cargo insurance contract, i.e. an individual policy, or a long-term contract, i.e. an open policy for transporting several cargoes. Such a policy is usually concluded for one year.

Cargo insurance compensates for damage caused by cargo caused by, for example: robbery, fire, traffic accident, natural disaster, etc.

It is possible to insure against all risks or some specific risks. The insurance contract is concluded in accordance with the clauses developed by the internationally recognized Institute of London Underwriters (Institute Cargo Clauses – ICC).

Jevgenia Toffert
Insurance

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