Cargo insurance provides protection to a broad range of goods in transit from loss due to theft, spoilage, overturn or weather related events, whether in an owned conveyance or a conveyance for hire.
The policy has a broad territorial definition and can include shipments by land, sea or air, anywhere in the world.
You need cargo insurance if:
Your organization ships or receives owned or non-owned property that is at risk of damage during transit on and while stored
Your organization is at risk for suffering significant financial loss from the damaged property
Your organization is required to replace the damaged goods of others
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