Cargo insurance from 0.1%. Payments within 14 days
We insure international cargo from 0.1% of the cost. Coverage 110%, payments within 14 days. We issue a policy 1 business day before the shipment is sent.
Three levels of protection for your cargo
Select a program for the route and type of cargo: basic for standard shipments, All Risk for expensive and fragile ones.
- Named Risks
- Base coat
- Fire
- Flooding
Covers specific risks: fire, collision, flood, natural disasters. Optimal for standard cargo on proven routes.
- All risks except exceptions
- Theft
- Damage
- Shortage
Covers everything except expressly stated exceptions. Suitable for valuable cargo and transshipment routes.
- All risks
- Force majeure
- Delay
- Damage
- Loss
Maximum protection. Covers any damages, including force majeure and delays. For expensive, fragile or perishable goods.
- Expensive cargo
- Special cargo
- Individual conditions
- Project cargo
For cargo worth over $100,000, non-standard dimensions or with special transportation conditions. Personal calculation from the underwriter.
How to receive insurance payment
- 01
Insured event
Record damage, loss or shortage of cargo. Take photographs of everything - packaging, labeling, damage.
Straightaway - 02
Notification
Notify us within 48 hours. All you have to do is write in Telegram or email with a brief description and photo.
48 hours - 03
Documents
We collect the package: inspection report, bill of lading, invoice, photographic materials. We help you prepare each document and check its completeness before submission.
3–5 days - 04
Pay
The insurance company reviews the case and makes a payment. The average time is 14 working days from the date of submission of the complete package.
Up to 14 days
Without insurance is expensive
Real situations our clients face.
A container containing $40,000 worth of goods was damaged during transshipment. The carrier refuses to pay, there is no evidence of his guilt.
The insurance payment was rejected: the documents were completed incorrectly, the notification deadlines were missed.
We bought “insurance” from the carrier. In the event of a loss, it turned out that coverage is only at the stage of sea transportation, and damage is covered in the warehouse.
We decided to save 0.3% on insurance. We lost a shipment worth $25,000 due to flooding in a temporary storage warehouse.
The policy covers damage during transshipment. Payment of 110% of the invoice value within 14 days, without courts or proceedings.
We guide the client from the first call to payment. We help you collect documents, control deadlines, and check for completeness.
Warehouse-to-warehouse insurance: from the sender's door to the recipient's door. There are no blind spots.
A rate of 0.1–0.5% is $100–500 per $100,000 cargo. One loss without insurance costs hundreds of times more.
How to insure cargo correctly
Four things that reduce the risk of claim denial and help you choose the right coverage.
Proof
Take photographs of the goods before shipment
Remove packaging, labeling, contents and loading. In case of an insurance claim, the “before” photo is your main argument. Without them, it is difficult to prove damage.
Market standard
110% is normal practice
The insured amount is 110% of the invoice - international standard (ICC). An additional 10% covers lost profits and costs of filing a loss.
Extension
Additional reservations are not superfluous
War, strikes, confiscation - a standard policy does not cover them. For risky routes, add Institute War Clauses and Strikes Clauses.
Route coverage
Warehouse-warehouse instead of port-port
The port-to-port coverage leaves ground areas unprotected. Namely, this is where up to 40% of damage occurs. Take “warehouse-warehouse.”
What affects the insurance rate?
Six factors that determine bonuses. Some of them can be controlled - this directly affects the rate.
- Cargo cost
- The insured amount is calculated from the invoice value + 10%. The more expensive the cargo, the higher the premium in absolute figures, but the rate may be lower.
- Route risk
- Routes through areas with high rates of theft, piracy, or military conflict up the ante. Direct flights are cheaper than multimodal flights.
- Cargo type
- Electronics, glass, liquids, perishable goods - increased rate. Raw materials and industrial materials - reduced.
- Packaging quality
- Factory packaging with palletizing and lathing cuts the ante. Products without packaging or in damaged containers are grounds for a surcharge.
- Type of transport
- Sea freight - base rate. Air - lower (less travel time). Automobile - depends on the region and distance.
- History of losses
- Regular customers without insurance claims receive a discount. Frequent losses are a reason to increase the rate or add additional conditions.
Usually 110% of CIF
Increase up to +0.2%
Depends on category
Discount up to –0.05%
Air from 0.1%
Break-even bonus
Frequently Asked Questions
Answers to frequently asked questions about cargo insurance for international transport.