Cargo Insurance

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Held and Associates, Inc. Cargo Insurance Offerings

Cargo Insurance can sometimes be a daunting thing to understand; so confusing that some shippers would rather rely on Carrier Liability rather than discuss with their Freight forwarding Partner how to insure a shipment. Held and associates can arrange “All Risk” insurance coverage for your shipments. “All Risk” insurance covers “physical loss or damage to approved cargoes by any external cause”

Here is where it gets a little confusing. When is “All risk” not “All Risk?”

These are common exclusions to an “All Risk” policy

  • Improper or inadequate packing

Packing should be sufficient to:

  • Withstand frequent handling
  • Withstand extremes of weather and temperature
  • Discourage or complicate pilferage or tampering
    • Loss by delay
    • Inherent vice

This is just a sampling of some of the exclusions of coverage but it is fairly safe to say that in general if a company has been in business for a while and they ship internationally, their claims experience will speak to the sufficiency of their packaging

Our insurance is typically warehouse to warehouse unless restricted by the policy. Then the insurance would typically be warehouse to port (airport) These restrictions include Russia and former CIS countries. For more information about Cargo Insurance, please contact us at info@held-assoc.com.