Cargo insurance protects the interests of cargo owners and carriers in the event of unforeseen events. It helps to compensate for the loss or damage to goods during transportation, reducing financial risks and providing additional confidence in the safety of cargo.
Types of cargo insurance
Cargo insurance can be classified by risk type, type of transportation, and scope of coverage. The main types of insurance:
- All risks. The broadest coverage, which includes most possible risks, such as theft, accidents, natural disasters;
- limited risks. Covers only certain types of risks specified in the policy;
- special conditions. Insurance for the specific needs of the client with the possibility of excluding some risks.
Cargo insurance is important for several reasons:
- Financial protection. It provides compensation in case of loss or damage to the cargo;
- legal requirement. Some types of transportation require compulsory insurance;
- customer confidence. Increases customer confidence knowing that their goods are insured;
- business reputation. Maintains the company’s reputation as a reliable partner.
The process of cargo insurance
The cargo insurance process includes several stages:
- Assessment of the value of the cargo. Determination of the fair market value of goods;
- choosing the type of insurance;
- conclusion of the contract. Signing the policy with all the conditions;
- payment of the premium. Regular payment of insurance premiums.
Cargo insurance is an integral part of modern business, which protects the interests of all participants in the logistics chain. Onyx Trade takes care of protecting the interests of our customers by implementing an insurance system that effectively reduces the risks associated with the transportation of goods. We take our responsibilities to cargo owners seriously, and our “goods insurance” service is an integral part of our range of logistics solutions.
To ensure maximum safety and reliability during transportation, we offer insurance of goods through leading insurance companies in Europe, Asia, America and Ukraine.
The insurance policy guarantees reimbursement of up to 100% of the cost in case of damage or loss of cargo! “The value of the goods is determined by the client and must be confirmed in the commercial invoice or export declaration.”
Our qualified specialists at Onyx Trade provide:
- Reliable securing of goods;
- sufficient quality of packaging;
- preparation of the vehicle for the safe transportation of goods.
This comprehensive approach allows us to minimize insurance risks. Onyx Trade offers cargo insurance on optimal terms for logisticians, manufacturers and buyers, always taking into account the uniqueness of each order and the needs of customers.
