Why You Need Contingent Cargo Insurance

Why You Need Contingent Cargo Insurance

contingent cargo coverage insurance

Do you know how much money your business would lose if something went wrong in transit? Dont risk your assets by not getting adequate coverage. Heres an overview of contingent cargo coverage insurance and how it can support your business.

Potential Incidences

When goods and equipment are damaged, lost or stolen during transit, cargo insurance can cover the cost to replace goods, repair or replace equipment and handle any legal or court fees. Incidences that are covered include:

  • Collisions
  • Improper handling of goods
  • Misuse of equipment
  • Natural disasters

Theft, jettison and general average contribution are also included in contingent cargo coverage insurance.

Types of Transit Covered

Insurance covers transit by ground, air and sea. No matter what companies transport your goods or how your goods get delivered to your customers, your assets are covered for all transportation types and while they are in the cargo companys hands.

Types of Coverage

Your cargo doesnt have to be in transit to be protected. Insurance extends your cargo coverage to:

  • Warehousing
  • Storage
  • Transport
  • Handling

You can feel safer knowing that your goods and equipment are protected every step in the transportation process.

Time to Get Covered

Call your contingent cargo coverage insurance provider to check your policy and get all the coverage you need to fully protect your assets.