Cargo coverage scoped to actual value in transit, not a freight forwarder's limited liability, for any business shipping goods overseas.
Get a quote for Ocean MarineImport and export businesses shipping goods by sea, who can't afford to rely on a freight forwarder's limited, weight-based liability if a shipment is lost or damaged.
A shipment of goods is lost overboard during transit, and the business discovers its cargo was never actually insured for ocean transport.
Read the full story →Usually only to a limited, weight-based amount, often a small fraction of actual cargo value. Ocean marine coverage is scoped to real value instead.
Most businesses use an open cargo policy that automatically covers all qualifying shipments, rather than insuring each one individually.
Coverage applies to damage as well as total loss, provided the goods were properly packaged for ocean transit.
