{"id":5512,"date":"2020-07-01T00:23:05","date_gmt":"2020-07-01T00:23:05","guid":{"rendered":"https:\/\/cometinsure.com\/blog\/?p=5512"},"modified":"2020-10-19T11:55:33","modified_gmt":"2020-10-19T11:55:33","slug":"how-cargo-insurance-can-protect-your-cargo-business","status":"publish","type":"post","link":"https:\/\/cometinsure.com\/blog\/how-cargo-insurance-can-protect-your-cargo-business\/","title":{"rendered":"Your Cargo Business is Invaluable, Here\u2019s How Cargo Insurance Can Protect It"},"content":{"rendered":"<div  class=\"tatsu-ggau0nu5jl1r4aa8 tatsu-section  tatsu-bg-overlay   tatsu-clearfix\" data-title=\"\"  data-headerscheme=\"background--dark\"><div class='tatsu-section-pad clearfix' data-padding='{\"d\":\"15px 0px 15px 0px\"}' data-padding-top='15px'><div class=\"tatsu-row-wrap  tatsu-wrap tatsu-row-one-col tatsu-row-has-one-cols tatsu-medium-gutter tatsu-reg-cols  tatsu-clearfix tatsu-ggau0nu5tzehhx2n\" ><div  class=\"tatsu-row \" ><div  class=\"tatsu-column  tatsu-bg-overlay tatsu-one-col tatsu-column-image-none tatsu-column-effect-none  tatsu-ggau0nu63l6ab2m8\"  data-parallax-speed=\"0\" style=\"\"><div class=\"tatsu-column-inner \" ><div class=\"tatsu-column-pad-wrap\"><div class=\"tatsu-column-pad\" ><div  class=\"tatsu-module tatsu-text-block-wrap tatsu-ggau0nu6cn5r1cm5  \"><div class=\"tatsu-text-inner tatsu-align-center  clearfix\" ><style>.tatsu-ggau0nu6cn5r1cm5.tatsu-text-block-wrap .tatsu-text-inner{width: 100%;text-align: left;color: rgba(0,0,0,1) ;}.tatsu-ggau0nu6cn5r1cm5 .tatsu-text-inner *{color: rgba(0,0,0,1) ;}<\/style>\n<p><span style=\"font-weight: 400;\">We all are aware of the fact that the conditions of the ocean are both rough and calm. That is the reason why many freight forwarders believe that the shipments should be properly packed and secured. Due to the unpredictable weather of the sea, the shipments are never free of harm.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Your containers and boxes are properly stacked, you have even distributed the weight right according to the book that you are thinking to give out lessons on how to prepare your shipment. Your shipment is ready to go out in the ocean, and can you now take a sigh of relief?\u00a0<\/span><\/p>\n<p><b>Importance Of Cargo Insurance:\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">You can take all the necessary steps to protect your shipment from any damage, but there are always some factors that are out of your control, such as bad weather. Another example is poor packaging of other shipments on the same vessel your cargo is on board. The fire can break out on the vessel and that is why<\/span> Cargo Insurance<span style=\"font-weight: 400;\"> is necessary. It is always better to be safe than sorry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Consider Cargo Insurance as your life or health insurance.\u00a0<\/span><\/p>\n<p><b>Types of Cargo Insurance:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">There are many types of <\/span>Cargo Insurance<span style=\"font-weight: 400;\"> to choose from with different limitations and coverages. Below are some common types of <\/span>Cargo Insurance<span style=\"font-weight: 400;\"> with their coverages.\u00a0<\/span><\/p>\n<ul>\n<li><b>Land Cargo Insurance: <span style=\"font-weight: 400;\">As the name clearly states, it covers your cargo when it is being transferred via land. This type of insurance is applied when your cargo is transported on the back of the truck or any other utility vehicle. This type of insurance is domestic, and the coverage is applicable inside the country only.\u00a0<\/span><\/b><\/li>\n<\/ul>\n<p><b>\u00a0 \u00a0 \u00a0Coverage: <\/b><span style=\"font-weight: 400;\">damage from collision, theft, or any other risks.\u00a0<\/span><\/p>\n<ul>\n<li><b>Marine Cargo Insurance: <span style=\"font-weight: 400;\">This type of insurance covers shipment transported either by air or sea. Marine Cargo Insurance coverage is applicable to international transportation.\u00a0<\/span><\/b><\/li>\n<\/ul>\n<p><b>\u00a0 \u00a0 \u00a0Coverage: <\/b><span style=\"font-weight: 400;\">Damage caused by loading and unloading, piracy, weather conditions, and other relevant risks.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are two types of\u00a0 <a href=\"https:\/\/cometinsure.com\/pk\/marine-insurance\">Marine Cargo Insurance<\/a>:\u00a0<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><b>Renewable Policy<\/b><span style=\"font-weight: 400;\">: This policy is for those shippers who ship less as it is for one-time transportation and single voyages. This is extremely inexpensive and can save a huge amount of money.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Permanent Policy<\/b><span style=\"font-weight: 400;\">: This type of policy is for the shippers who ship frequently. This policy is applied for a specific period of time irrespective of the number of shipments.\u00a0<\/span><\/li>\n<\/ol>\n<p><b>Coverage Types:<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">All cargo types, including water, rail, air, and road, are covered under Cargo Insurance. However, there are a few exceptions to that.\u00a0<\/span><\/p>\n<p><b>All Risk:<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">This coverage plan includes protection from all sorts of external factors that your cargo might face. This is most widely used and adopted throughout the world. This is meant for general and approved goods that are most prone to any damage.\u00a0<\/span><\/p>\n<p><b>What\u2019s Not Covered:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Any damage that is caused by personal negligence.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In case your cargo gets rejected by the customs of the locality.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In case your cargo is abandoned without anyone to handle<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Henceforth, getting your cargo insured is the only sane way to prevent the loss of millions in case of any unfortunate mishap or accident.<\/span><\/p>\n<\/div><\/div><\/div><\/div><div class = \"tatsu-column-bg-image-wrap\"><div class = \"tatsu-column-bg-image tatsu-bg-lazyload\" data-src = \"\"><\/div><\/div><div class=\"tatsu-overlay tatsu-column-overlay tatsu-animate-none\" ><\/div><\/div><style>.tatsu-row > .tatsu-ggau0nu63l6ab2m8.tatsu-column{width: 100%;}.tatsu-ggau0nu63l6ab2m8.tatsu-column > .tatsu-column-inner > .tatsu-column-overlay{mix-blend-mode: normal;}.tatsu-ggau0nu63l6ab2m8 > .tatsu-column-inner > .tatsu-top-divider{z-index: 9999;}.tatsu-ggau0nu63l6ab2m8 > .tatsu-column-inner > .tatsu-bottom-divider{z-index: 9999;}.tatsu-ggau0nu63l6ab2m8 > .tatsu-column-inner > .tatsu-left-divider{z-index: 9999;}.tatsu-ggau0nu63l6ab2m8 > .tatsu-column-inner > .tatsu-right-divider{z-index: 9999;}<\/style><\/div><\/div><\/div><\/div><div class=\"tatsu-section-background-wrap\"><div class = \"tatsu-section-background tatsu-bg-lazyload\" data-src = \"\"><\/div><\/div><div class=\"tatsu-overlay tatsu-section-overlay\"><\/div><style>.tatsu-ggau0nu5jl1r4aa8 .tatsu-section-pad{padding: 15px 0px 15px 0px;}.tatsu-ggau0nu5jl1r4aa8 > .tatsu-bottom-divider{z-index: 9999;}.tatsu-ggau0nu5jl1r4aa8 > .tatsu-top-divider{z-index: 9999;}.tatsu-ggau0nu5jl1r4aa8 .tatsu-section-overlay{mix-blend-mode: normal;}<\/style><\/div>\n","protected":false},"excerpt":{"rendered":"<div><a href=\"https:\/\/cometinsure.com\/blog\/how-cargo-insurance-can-protect-your-cargo-business\/\" class=\"exp-read-more exp-read-more-underlined\">Read More<\/a><\/div>\n","protected":false},"author":4,"featured_media":5539,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[33],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Cargo Insurance Can Protect Your Cargo Business | Cometinsure<\/title>\n<meta name=\"description\" content=\"You can take all the necessary steps to protect your shipment, but there are always some factors that are out of your control, that is why Cargo Insurance is necessary.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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