You’ve just sent off an important shipment that’ll ultimately break your bank if it were damaged, BUT you haven’t insured it. The phone rings and you’re informed that there’s been an unfortunate accident. Sadly, your cargo is now, as they say, floating with the fish. Should you have taken cargo insurance? The answer is yes!
Your freight is exposed to a great deal of risk as it moves through numerous ports in transit. The longer you leave it unprotected, the bigger the risk becomes. There are outside factors to consider such as weather conditions, theft and container loss.
If you’re trying to avoid paying out of your pocket for the damage, insurance might be your best bet even though it isn’t always required. Better safe than sorry!
Now you’re probably wondering what type would be suitable for you. Below are two main types of cargo that’ll help you determine which is your perfect fit.