The shipping industry is exposed to numerous types of risks that can put a business in financial distress. Transporting goods from one place to another involves various potential risks during transit such as accidents, theft, damage, mishandling of cargo natural calamities, etc. Losses can have huge financial consequences. Thus, it is crucial for businesses in […]
Articles Tagged: freight cargo insurance
Why cargo forwarder dealing in perishable goods, should buy insurance for cargo?
Freight cargo insurance is a type of marine insurance coverage that gives protection to cargo forwarders against potential losses to the cargo that may arise from various risks. This coverage typically applies to all modes of transportation – air, road, rail, and waterways. There are various types of coverage available insurance for perishable cargo. It […]
What is the legal difference between Indemnity vs. damages in Freight Cargo Insurance?
Shipping businesses are exposed to a great number of named and unnamed perils which can cause huge financial consequences. Accidents, natural disasters, regulatory risks, manhandling, market volatility, security risks, operational risks, geopolitical tensions, etc. are a few risks to name. It is essential for businesses to have a freight cargo insurance cover to navigate through these […]
Enhanced Shipment Protection: freight cargo insurance Tips for an air freight forwarder
Freight forwarders manage various aspects of the shipping process and thus play a crucial role in the shipping industry. Though freight forwarders do not own the goods that are being shipped, they can still be held legally responsible for the losses or damages to shipment. Hence, freight forwarders need to have financial protection against such […]