Many clients ask, "What is cargo insurance and when it's required?"

Cargo insurance is an insurance type that covers the loss or damage of supplies during transportation. It is commonly bought by organizations that deliver goods domestically or worldwide.

Freight or cargo insurance offers financial cover on the occasion that any transported products for business purposes are lost, broken, or stolen during transit.

Cargo insurance is often required by shippers, carriers, and various companies involved in the transportation of goods. It may be required by written agreement, or it may be a condition of receiving funding for the transportation of the goods. In many cases, freight insurance may also be required by law or regulation.

Cargo insurance can be purchased for a single shipment or for many shipments over a particular period. It is necessary to thoroughly study the T&Cs of the insurance plan to ensure that it offers adequate coverage for the specific risks involved in the transportation of the goods.

For any concerns you have about cargo insurance for Paphos-based businesses, the skilled local insurance agents of Trust Insurance will be right at your disposal!

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