Cargo and Transit Insurance

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Cargo & Transit Insurance

The risks associated with having goods in transit requires specialist attention and cover.

Cargo and Transit Insurance (also referred to as Marine Cargo Insurance and Shipping Insurance) targets these specific marine cargo risks by providing cover for incidents such as delayed shipment costs, non-delivery by a carrier or loss of your goods while in transit.

Help protect your business against events of major loss or damage and contact Coverforce today. Our experienced insurance brokers and in-house claims team will work hard to deliver personalised risk advice and smart, cost-effective insurance solutions for your Cargo and Transit business.

Contact your local Coverforce office today and see how we can help.

Do I need Cargo and Transit Insurance?

There are a number of complex and specific risks associated with the Cargo and Shipping Industry. These can include:

  • Financial loss associated with the loss of goods
  • The risks associated with General Average (a Marine Principal that dictates that loss or damage to a ship or its cargo is shared among the Shipowners and Cargo owners)
  • Acts of Piracy, theft and pilferage
  • Malicious damage by Masters, officers or Crew of a vessel
  • The risks associated with Transhipment risks (the moving of goods from one conveyance to another).

Request an Insurance Quote for your Cargo & Transit Business Now

What does this Insurance cover?

Coverforce can assist with the placement of top quality Cargo and Transit insurance including;

  • Specific extensions for insolvency or otherwise non-delivery by the carrier/transporter
  • Coverage for Transhipment and Delayed shipment costs
  • A market leading policy wording, including: extended storage conditions, over carriage conditions, full coverage for General Average conditions
  • Extensions available for General property and Tools of Trade
  • Delay in Start-up as a result of non-delivery, Consequential Losses and Liquidated Damages are also options which can be considered for inclusion

Important Tips

  • Coverforce also have a bespoke Stock Throughput policy, an ideal form of cover for manufacturing businesses, retailing businesses and companies with multiple locations.

Contact Coverforce

For more information or to arrange cover, please contact our specialised team at our Coverforce Office.

Alternatively, you can simply fill out a Cargo & Transit Insurance Quote Form below and one of our insurance brokers will get in touch with you within one business day.

Request a Cargo and Transit Insurance quote

Simply fill out the form below and we will get back to you within 1 business day. Alternatively, should you prefer to speak to someone right now, contact us during business hours to speak with an experienced insurance broker.

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Are you looking for expert risk advice and great value cover for your business? Call us to speak to a Coverforce insurance broker today.

Our Insurance Brokers service clients throughout Australia, with key offices in Sydney, Melbourne, Brisbane, Adelaide and Perth.

Our global insurance network

Our brokers can access more than 100 insurers across the globe to find your business quality cover at the right price.

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