Transport insurance

The merchandise transport insurance is directed at business people who want to insure land, sea or air transport of goods against the risks they are exposed to during transit, loading and unloading in the context of:

  • Buying or selling
  • Transport between the company’s warehouses
  • Transport to the warehouses of third parties for logistic reasons
  • Presence at fairs or exhibitions

Also when they are at rest for reasons of presence at fairs or because of machine repairs. 

For these reasons transport insurance is aimed at carriers (self-employed or transport companies) buyers, sellers of goods, intermediates (forwarding agents, customs agents), exhibition organizers and owners of works of art.

Most important coverage of transport insurance

The insurance for transport of goods compensates the destruction, material damage and disappearance of the insured goods during or as a consequence of their transport due to:

Fire, lightening or explosion

Accident of the means of transport

Complete loss of the vessel

Accidents during flights

Theft

Rescue costs

Costs to reduce the consequences of the adverse event

What events can activate the transport insurance policy?

  • A lorry transporting televisions from the warehouse of the company to the warehouse of the client is stolen.
  • Port stevedors place a second container on an open-top container and cause damage to the goods being transported.
  • A cargo ship suffers a fire in one of the cargo holds and the goods it is carrying are burned.

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