Whether you are shipping your cargo via air, sea, train, truck or a combination of sorts, you cannot keep the cargo safe from damage or jettison, but you can protect yourself financially by applying for any of a vast variety of cargo liability programs.
The world of cargo and transportation insurance is extremely complicated, not only because you, the property broker and the carrier may have separate insurers, but because transportation insurance is unregulated on the state level. Insurers offer widely different policies and coverage, and any two policies might barely resemble each other. To navigate this complex legality, find the help of a lawyer who specializes in transportation and can get you the perfect coverage that you need from the best insurers.
When searching for cargo liability programs, you have to decide when and for what you want to insure your cargo. Typically, you will work with an agent to determine if you need any of the following.
- On-Deck Coverage
- Project Cargo
- High Value Cargo
- Stock Throughput
- Expanded Warehouse to Warehouse Coverage
- International and Domestic Cargo Coverage
- Warehousing and Storage
The right coverage from the right insurer allows you to rest assured once you have committed your goods to the global market.