Cargo Insurance – What To Look For

Freight Forwarding and Distribution – Cargo Insurance for your commercial goods

Cargo insurance is an important part of the logistics process. It protects your investments and allows you to trade goods internationally with confidence and peace of mind. In the majority of cases, the cost of having insurance will far outweigh the costs of replacing any lost or damaged goods. But what should you be looking out for when considering purchasing a cargo insurance policy.

With so many stages in the shipping process, it is wise to opt for an insurance policy that covers you door-to-door; from the release of the items from the warehouse, right up to the point of delivery. A minor traffic accident could become a major headache if you discover you have a policy that only covers activity on freight ships or aircraft.

Obtaining cargo insurance is easy enough to do – there are numerous insurance companies online that can provide it – but it’s always good to know what to look for beforehand to ensure you get a tailored policy that covers you in any eventuality. A professional and experienced insurer will be able to handle most international shipping problems should they arise, including problems like language barriers which can unnecessarily delay proceedings.

DMG Freight Services have a vast amount of experience in freight forwarding and distribution of commercial goods and can advise on the best options for your requirements. For assistance with the transportation of your goods contact 01279 452 468.

It is important to remember that when you sign up with a distribution company, your cargo is not automatically insured against any loss or damages incurred. There are companies who deal specifically in cargo, freight and marine insurance who know the industry well and their expertise will go a long way in maintaining a steady business relationship between you and your customers.

The majority of cargo insurance suppliers will cover traditional loss and damage, but there are other potential factors you may not have even thought of. Every shipment is subject to environmental hazards, employees across different departments, technological difficulties and even international commercial shipping laws.

For further protection, extra clauses can be written into your policy for an additional premium fee, including insurance against strikes, war and other hostile situations. If you ship commercially to parts of the world where there is ongoing conflict, adding a war clause is definitely something to consider.