The shipping industry is exposed to numerous types of risks that can put a business in financial distress. Transporting goods from one place to another involves various potential risks during transit such as accidents, theft, damage, mishandling of cargo natural calamities, etc. Losses can have huge financial consequences. Thus, it is crucial for businesses in […]
How multi-mode Transportation Impacts Marine Insurance Premiums
Multi-modal transport operators have emerged strongly in the shipping and transportation business in the last few years. They play a crucial role in providing comprehensive and cost-efficient transportation solutions by leveraging the various modes of transport. They offer a range of services that include customs clearance, freight forwarding, distribution, and warehousing facilities. However, it is […]
Emerging Trends in Logistic Insurance for Household Goods What’s New?
Relocating brings challenges along with new opportunities. Shifting and transporting household goods is one of the initial and major challenges one faces. Along with choosing the right logistics company, opting for the best logistics insurance to safeguard your valuable household items is also extremely important. Household goods may include appliances, furniture, tools, dishes electronic equipment, […]
What do you mean by Contingent Cargo Insurance?
Contingent cargo insurance is a specialised type of insurance that protects shippers and logistics companies from financial losses due to unforeseen events during cargo transportation. Addressing exclusions and limitations enhances conventional cargo insurance and guarantees thorough risk management. What is Contingent Cargo Insurance? Cargo insurance meaning covers losses or damages to cargo not insured by […]
Exceptional reasons for Cargo freight forwarders to opt for cargo insurance cover?
Cargo freight forwarders play a crucial role in the shipping business. They deal with the transportation and logistics aspects of the shipping process facilitating the movement of goods from one place to another. Cargo forwarders are the intermediaries between the shippers and the carriers. In a shipping business, cargo freight forwarders are responsible for various […]
Why cargo forwarder dealing in perishable goods, should buy insurance for cargo?
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?
Overview Packers and Movers Insurance safeguards businesses from potential financial losses due to damage, theft, or loss of goods in transit. For logistics and relocation companies, this insurance is vital to maintain trust, protect assets, and ensure uninterrupted operations even during unforeseen transit disruptions. It plays a key role in managing risk and enhancing […]
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 […]