Cargo Insurance
For complete peace of mind
Cargo Insurance covers risk of physical loss or damage to goods during transit; imports, exports or domestic carriage, including incidental storage.
Protecting your shipment is our top priority
We offer comprehensive cargo insurance tailored to your specific needs. Whether you’re shipping domestically or internationally, our cargo insurance provides peace of mind by covering your goods against potential risks such as damage, loss, or theft during transit.
With our insurance, you can trust that your valuable cargo is safeguarded from the moment it leaves your premises until it reaches its final destination. We work with leading insurance providers to offer flexible coverage options at competitive rates, ensuring that your goods are fully protected every step of the way.
Bespoke Marine Insurance available on request.
Speak with your regular contact for further information.
Why Do You Need Cargo Insurance?
Shipping goods, whether domestically or internationally, involves inherent risks. At Future Forwarding Company we understand the complexities of logistics and how essential it is to protect your valuable shipments. Here’s why securing cargo insurance is crucial for your business:
Protection Against Unforeseen Events
Even with the most reliable carriers and secure routes, accidents and unexpected events can happen. Cargo may be exposed to risks like:
- Theft: Cargo theft remains a serious threat, particularly for high-value goods.
- Damage: Goods can be damaged in transit due to mishandling, accidents, or improper packaging.
- Natural Disasters: Weather-related incidents such as storms, floods, or earthquakes can severely disrupt your shipment.
- Fire, Sinking, or Collisions: Especially for sea freight, vessels can face significant risks during long voyages.
Cargo insurance ensures that, in the event of loss or damage, you’re financially protected, providing you peace of mind no matter where your goods are being shipped.
Limited Carrier Liability
Freight carriers—whether by sea, air, road, or rail—are legally obligated to transport goods safely, but their liability is often limited under international conventions and contracts.
These limitations often cover only a fraction of your cargo’s total value, leaving you exposed to financial loss. Cargo insurance fills that gap, covering the full value of your goods, ensuring you’re adequately compensated.
Tailored Coverage Options
Cargo insurance offers flexibility to meet the specific needs of your shipment.
With tailored insurance options, you can choose the coverage that suits your cargo, its journey, and your budget.
General Average Liability
In sea freight, General Average is a maritime law principle where all cargo owners share the costs if a part of the cargo or vessel is sacrificed to save the whole shipment. Even if your goods remain intact, you could be liable for a portion of the costs. Having cargo insurance protects you from unexpected liabilities related to General Average claims.
Faster and Easier Claims
If your shipment is lost or damaged, dealing directly with a carrier to claim compensation can be a long and complex process, with no guarantee that you’ll be compensated for the full value of your goods. Cargo insurance simplifies the process, ensuring faster claim settlements so your business isn’t disrupted by financial setbacks.
Protection for Complex Global Trade
International shipping involves numerous carriers, border crossings, and regulatory checks. In both the UK and the USA, importing and exporting goods can be subject to varying customs laws, duties, and regulations, all of which can introduce complications and delays. Cargo insurance provides protection no matter where your goods are or what issues they encounter during their journey.
Cost-Effective Risk Management
Cargo insurance is an affordable way to protect your business from significant financial loss. The cost of insurance is usually a small percentage of the value of your goods but offers invaluable peace of mind and protection should anything go wrong during transit.
Meeting Customer Expectations
In both the UK and USA, many customers and trading partners expect businesses to carry cargo insurance. Having insurance ensures that you meet these expectations and builds trust in your ability to handle shipments professionally and securely. It also ensures you comply with any contractual requirements to insure goods during transit.
While cargo insurance is not always mandatory, it is a smart investment for any business involved in shipping goods. We encourage our clients to protect their shipments with cargo insurance. Whether your goods are moving across the country or around the globe, insurance ensures you are covered against the unexpected, helping to avoid financial loss and ensuring peace of mind throughout the shipping process.
USA Client Information
Terms & Conditions of service Cargo Insurance in US
UK Client Information
Terms & Conditions of service Cargo Insurance in UK