Why carrier liability is not enough
Carrier liability is limited by international conventions and usually pays a fixed amount per kilogram, far below the value of most goods. Cargo insurance covers the declared value of your shipment.
What cover typically includes
- Loss or theft in transit
- Physical damage during handling and transport
- General average contributions on sea freight
- War and strikes cover, where available, for higher-risk routes
What we need for a quote
| Detail | Example |
|---|---|
| Cargo description | LED lighting fixtures |
| Insured value | Invoice value plus freight (CIF) |
| Route and mode | Shenzhen → Jeddah, FCL sea |
| Packing | Palletised, shrink-wrapped |
Frequently asked questions
Why do I need cargo insurance?
Carrier liability is limited by weight, not value, so a claim often covers only a fraction of your goods. Cargo insurance covers the full declared value.
How much does cargo insurance cost?
Premiums are usually a small percentage of the insured value (typically CIF plus 10%). We quote per shipment or for an annual policy.
ShipVerge Company · Insurance provided through licensed insurers