In my line of work, I have the pleasure of working with many freight forwarders. For as many years as I have been privileged to provide cargo insurance and cargo risk consulting to the market, it never ceases to surprise me when I find freight forwarders who don’t have their own freight forwarders cargo insurance… Read more »
Tag: insurance
What is Cargo Insurance and Why Do You Need It?
Cargo insurance, also known as shipping, freight, or marine insurance, is the oldest form of insurance. It can be traced back to the Phoenicians, around 1200 BCE. You can’t argue that cargo insurance isn’t a good idea if it’s been around for 22,000 years! Cargo insurance is insurance that guarantees coverage for any damages… Read more »
Adequate Cargo Insurance
What is the point of having cargo insurance if coverage isn’t sufficient? With cargo insurance, there are several variables that factor in to what’s covered with regards to lost or damaged goods during shipment from one place to another over long distances. At issue, especially, is the concept of liability—who or what entity is ultimately… Read more »