Cargo insurance is cover for the insured interest in goods during a defined journey or period. It operates under its own policy terms. It should be considered separately from a carrier’s liability insurance when assessing protection for a valuable or sensitive shipment.
What to establish before arranging cover
| Item | Question to resolve |
|---|---|
| Insured goods | Is the exact product and condition accepted? |
| Journey | Which locations, modes and handling stages are included? |
| Value | How is the insured value calculated and evidenced? |
| Risks and exclusions | Which events are covered or excluded? |
| Excess | What amount remains with the insured party? |
| Claims | What notification and evidence requirements apply? |
Avoid assumptions about broad labels
Even cover described as “all risks” has defined conditions and exclusions. Packaging, pre-existing damage, product characteristics and the timing of attachment of cover can matter. Read the actual terms supplied for the shipment.
Cargo Euro Hub enquiries
Tell the manager the commercial value, product details and intended route before collection. Ask whether separate cargo insurance can be arranged and request confirmation of the available terms. An enquiry about insurance is not confirmation that a policy has been placed.
If your business already has a goods-in-transit policy, check whether this movement falls within it and what information your insurer requires. Keep the agreed transport records and evidence of the goods’ condition.
See insurance on shipments, liability differences and the role of packaging.