Transportation Insurance

The transportation of goods is an essential part of a company’s logistics in promoting its products. It is important to have insurance covering the merchandise being transported by motor freight, air, ship, or rail.

There are three types of contracts:

• Policy per Trip
• Annual Policy with monthly reporting
• Annual Policy by sales forecast with adjustment at end of term

Basic Coverage

• Ordinary Transit Risk

Additional Coverage

• Total or Partial Theft.
• Looting, pilfering, and theft, resulting from an ordinary transit risk.
• Moisture and Rust.
• Contact with other cargo.
• Contamination or Staining resulting from a covered risk.
• Tearing and Splitting.
• Denting, bending and chipping resulting from an ordinary transit risk.
• Wastage.
• Spillage.
• Warehouse to Warehouse.
• Storage time in Customs and Bonded Warehouses for 30 days, covering only Fire, Lightning, and Explosion.
• Sweeping.
• Jettison.
• Barratry of Captain and Crew.