Get indemnity™ cargo insurance
The shipping industry, which transports +90% of the world’s cargo, is complex, volatile and constantly evolving. With your goods potentially crossing borders by land, air or sea, maintaining control becomes increasingly difficult.
A wide variety of risks are present wherever your cargo is transported throughout the supply chain. Get indemnity™ cargo insurance can offer protection against all risks of loss of or damage to the goods in transit by road, rail, sea, air or post.
At get indemnity
™ cargo insurance quotes can start at £362 annually or £30.16 monthly. Below we explain why you should consider commercial insurance
to protect your goods and how insurers calculate your cargo insurance cost.
Why should you purchase cargo insurance?
Supply chains like other business assets should be protected, especially when dealing with foreign countries, where weaker logistics infrastructure, damage and theft may pose a greater threat to a successful consignment.
If the value of your cargo is higher than the amount your freight forwarder is liable for, you should consider purchasing cargo insurance. The liability of carrier is typically based on weight related compensation, therefore much lower than your actual loss.
The freight forwarder may offer insurance as an add on, however in the majority of cases will be more costly than having your own policy. Obtain a cargo insurance quote by selecting Additional Covers and one of our brokers will be in contact.
How is cargo insurance cost calculated?
Cargo insurance cost is calculated by understanding: 1) what goods are being transported; 2) will you be using your own vehicles or 3rd party services; 3) the estimated annual value of all sendings within the UK; and to/from Eastern Europe, Western Europe, North America and Rest of the World.
We will also need to understand cover much cargo insurance cover will be required. Which is calculated by understanding your maximum conveyance within the UK; and maximum conveyance whilst importing or exporting, over the next 12 months. Also, whether cover is required for storage at any specified or unspecified locations.
Typically combined with commercial combined insurance
the amounts of cover available can start as low as £50,000 per conveyance and can then increase to the millions to meet your specific requirements. Please note that some goods that are perceived to be very valuable or dangerous maybe uninsurable.
Cargo insurer’s policy terms & conditions
Insurers terms, conditions and exclusions will vary, so you’ll need to read the cargo insurance policy to ensure the product is adequate to protect your sendings within the UK; and overseas imports/exports.
It’s worth noting that no cargo insurers within the UK can provide cover to or from sanctioned territories. The UK government website and European Union website provides a list of sanctioned territories.
At get indemnity™ we can offer you guidance on whether the product is suitable to meet your requirements. Cargo insurance can be offered as an off-the-shelf product or be offered on a highly bespoke basis.
How to compare cargo insurance quotes?
At get indemnity™ cargo insurance quotes can be offered within 48 hours for standard requests. However, we may need to seek an insurers approval and tailor your cover to meet your specific needs.
Marine cargo insurance policies are complex contracts and requires a specialist insurance broker to identify the most appropriate cover to ensure your financial interests are protected should loss or damage occur.
We work with a number of specialist marine cargo insurers to provide flexible and cost-effective cover to meet your needs. Speak to one of our insurance brokers by calling 0345 625 0711
or arrange a call-back
at a convenient time.
This guide is for information purposes and based on sources which we believe are reliable, the general risk management and insurance information is not intended to be taken as advice with respect to any individual circumstance and cannot be relied upon as such.