Tag: The Importance of Insurance Coverage

Understanding Risks & The Importance of Cargo Insurance

Do Not Overlook Cargo Insurance Cargo Insurance is crucial due to the current act that limits uninsured ship-owners to $500 per unit. It does not matter if you have $200,000 worth of equipment inside of that unit; you will only receive $500 for that “container”. The limits set in place by the Hague/COGSA act protect… Read More