Get more business traffic

Top Menu

  • blog
  • Contact Us
  • Home Sport

Main Menu

  • Home
  • Loans
  • Business
  • Business plan
  • Contact Us

Get more business traffic

Get more business traffic

  • Home
  • Loans
  • Business
  • Business plan
  • Contact Us
Insurance
Home›Insurance›Importance of freight insurance

Importance of freight insurance

By Max Chen
May 14, 2019
676
0
Share:
cargo-insurance

When you have to cover, transits be it air, water or road of the cargo for shipment. There are immense risks that can be involved but can be covered by insurance policies that you can obtain. This will help for risk reduction by picking the right insurance policy. The cargo can be of any kind.The risk can begin right from the departure that began in the warehouse to another location;storage is made possible upon reaching, to even during the transit; the insurance will be operating. Now you can check out the many firms which deal with freight insurance such as http://www.hkpli.com/freight-forwarder-liability-insurance/.

The need to have cargo insurance 

Due to risk involvement in the whole process, the insurance coverage becomes a must, and most of the carriers will not carry the cargo unless it is insured. Many of the underwriters in the insurance firms follow the uniform trade practices for cargo insurances. There is a standard policy for certain commodity of goods that are covered under the cargo insurance policy. You obtain this insurance both for local and international trade. Check out the best underwriters for your policy cover from http://www.hkpli.com/cargo-insurance/.

These insurances cover a lot of aspects right from any damage that may occur if the goods aren’t packed properly to an infestation that ruins them. There are times the cargo can get abandoned and during customs check there can be a call for rejection of the goods; there are times that you may have dishonest people dealing with the shipment or otherwise. Damages that can occur due to accidents, weather and other factors. Cases of fire, theft and sometimes no delivery of goods have been the reasons that people have sought cargo insurance.

cargo-insurance
Kinds of insurances for cargo
 

There are three main kinds of insurances which you can pick from depending on your need such as the all-risk policy which covers all the risks that are involved with certain exclusions that are mentioned. The other option would be of named peril policy which would be which covers most of the causes for damage to the goods except theft. The last option is of the carrier which would be carrying your goods which has exclusions such the vehicle may be defective; there can be criminal acts that may happen as well as nature’s fury aren’t in the clauses that the policy has to offer to the buyer.

Insurance policies 

The open cargo policy can be of renewable or permanent nature;the renewable nature policies are for only one-time shipment purposes whereas the permanent one will be a longer period time and a greater number of shipments are covered. There are specific cargo policies that certain people opt for particular shipping consignment. The customer can pick the contingency policy wherein the seller doesn’t come into the picture. But the sellers too can benefit more getting one done.

Previous Article

The best and quickest service for the ...

Next Article

Using Home Equity To Become Debt Free ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Critical Illness Insurance
    Insurance

    Before You Get A Critical Illness Insurance there are 2 Things That You Should Know

    January 31, 2020
    By Max Chen
  • Business Insurance
    Insurance

    Reasons to choose an insurance agency

    July 12, 2020
    By Max Chen
  • Tips for Choosing Good Tattoo Shops
    Insurance

    Tips for Choosing Good Tattoo Shops

    November 12, 2019
    By Max Chen
  • medical insurance in Singapore
    Insurance

    Perfect Insurance Plan for Outpatients in Singapore

    August 18, 2020
    By Max Chen

  • Business

    Why Should Screensaver is Good for Better Communication?

  • Loans

    Car financing options

  • tax loan hong kong
    Loans

    A tax loan is a great financing solution

About us

  • Recent

  • Popular

  • Understanding new business startups in Singapore

    By Max Chen
    April 10, 2021
  • B2B Video Marketing Agency

    What are the things you need to know about the latest video marketing?

    By Max Chen
    April 7, 2021
  • Understanding new business startups in Singapore

    By Max Chen
    April 10, 2021
  • Car financing options

    By Max Chen
    February 9, 2017

Subscribe us

  • Contact
  • About Us
  • Home