Freight cargo insurance is a type of marine insurance coverage that gives protection to cargo forwarders against potential losses to the cargo that may arise from various risks. This coverage typically applies to all modes of transportation – air, road, rail, and waterways. There are various types of coverage available insurance for perishable cargo. It […]
Why Packers and Movers Insurance critical for business continuity?
Businesses face numerous potential risks like damage, theft, accidents, or natural disasters while moving goods in the logistics chain. Logistics insurance is vital as it safeguards businesses against potential risks, and provides financial security to maintain operations smoothly within the supply chain. Logistics insurance is also referred to as packers and movers’ insurance. This insurance […]
What is the legal difference between Indemnity vs. damages in Freight Cargo Insurance?
Shipping businesses are exposed to a great number of named and unnamed perils which can cause huge financial consequences. Accidents, natural disasters, regulatory risks, manhandling, market volatility, security risks, operational risks, geopolitical tensions, etc. are a few risks to name. It is essential for businesses to have a freight cargo insurance cover to navigate through these […]
What does intermodal transportation mean and how is it different from multimodal transportation?
Logistics systems are an important part of the shipping business. Be it a small business or a reputed logistics company involved in the shipping of cargo, freight transportation models or strategy is an important component. When we talk about freight transportation models, intermodal transportation and multimodal transportation are the two most commonly heard terms. In […]
Enhanced Shipment Protection: freight cargo insurance Tips for an air freight forwarder
Freight forwarders manage various aspects of the shipping process and thus play a crucial role in the shipping industry. Though freight forwarders do not own the goods that are being shipped, they can still be held legally responsible for the losses or damages to shipment. Hence, freight forwarders need to have financial protection against such […]
Conveyance Insurance Post-Pandemic: Lessons Learned and Future Trends
Conveyance insurance, also referred to as conveyance marine insurance was highly impacted by the Covid-19 pandemic. This was mainly due to disruptions in global trade and changes in shipping patterns and risks. The pandemic led to widespread disruptions in global supply chains. restrictions on goods movement, port closures, and lockdowns caused rerouting, delays, and also […]
What is the general average clause in shipping insurance?
Shipping insurance policies contain various clauses that define the policy coverage, terms, conditions, and limitations. Understanding these marine insurance clauses is crucial for cargo owners, shipowners, insurance companies, and all the parties involved in the contract. The general average clause is one of the important clauses of shipping insurance. In this article, let us understand […]
What Does Shipping Insurance Cover?
Though goods and cargo shipped via land, air or sea are generally reliable, packages still get lost and damaged. Thus, this insurance is required to protect against loss, damage or theft during transportation. But, what is the meaning of shipping insurance and what does it cover? You’ll find all these answers in this blog post. […]
What is Barratry in Marine Insurance, Maritime Law & Regulations Governing It
Barratry is the legal term describing severe or willful misconduct by the captain or crew of the ship that would include loss or damage to the ship or cargo. Marine insurance plays a crucial role in protecting you against the risk of damage or loss to the cargo or ships by which the goods are transferred, […]
What is Warehouse-to-Warehouse Insurance?
When you are involved in the business of exporting or importing goods from multiple countries. You know the financial implications of losing the cargo in transit due to any reason whatsoever. In the worst-case scenario, loss of goods because of theft, an overturning of the cargo vessel, etc. can even lead a company to dissolution, […]