Cargo & Transit
Cargo & Transit Insurance covers goods while they are being transported, protecting against loss or damage during movement by land, sea, or air. It helps ensure inventory remains financially protected throughout the supply chain, whether handled directly by the business or by third-party carriers.
Coverage typically responds to risks such as theft, physical damage in transit, vehicle accidents, handling incidents, and certain delay-related exposures. Policies can be structured to reflect shipping methods, transportation routes, cargo values, and the complexity of domestic or international supply chains.
Coverage may also include protection for:
Domestic shipments: Coverage for goods moving across local, cross-border, and global transportation networks.
Loading, unloading, and handling exposures: Protection against damage occurring during the transfer, handling, or temporary storage of cargo while in transit.
Theft, damage, and non-delivery: Helps mitigate financial loss arising from stolen, lost, damaged, or undelivered goods.
Warehouse and temporary storage exposures: Coverage may extend to goods temporarily stored during transit or awaiting delivery.
Contingent cargo and third-party carrier exposures: Protection designed to respond when contracted carriers have insufficient coverage or fail to compensate for a covered loss.
Supply chain and operational continuity support: Helps businesses maintain financial stability and continuity when transportation-related disruptions impact inventory or delivery obligations.
Cargo & Transit Insurance is designed to support supply chain resilience, protect inventory value, and help businesses recover efficiently from transportation-related losses affecting goods in transit.