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Cargo insurance provides protection against all risks of physical loss or damage to freight from any external cause during sea freight, air freight, or by land.
FORESTSHIPPING believes that properly insuring freight, in conjunction with good physical risk management, is an important way to manage the financial impact of loss or damage. The cargo insurance includes options to insure from “warehouse to warehouse,” irrespective of the number of subcontractors involved, and covers common carrier limitations such as: “Acts of God,” terrorism, strikes, riots, and civil commotion risks.
You must know the importance of the cargo insurance, it will cover the loss that caused by accident during the transit. It’s a good idea to transfer the risk from yourself to the insurance company.