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Read article →For traders and distributors, goods are only worth something when they arrive. Cargo cover protects the value of stock while it is on the move.
The risks of moving goods
Goods can be lost, stolen or damaged at sea, in the air, on the road and at loading points. A single incident can wipe out the margin on a shipment, or more.
Marine cargo and goods-in-transit
Marine cargo cover is designed for goods moving across borders by sea or air. Goods-in-transit cover protects goods moving within the country, typically by road. Which one you need depends on how and where your goods travel.
What to check
Check how the goods are valued, which routes and methods of transport are covered, any packing requirements, and what documents you must keep. Keep shipping documents safe, as they support any claim.
Key takeaways
- Cargo cover protects the value of stock while it moves
- Choose marine cargo or goods-in-transit based on how your goods travel
- Check valuation, routes and packing conditions, and keep documents
This article is general information and not a substitute for advice on your specific circumstances. Policy terms and underwriting apply. Speak to a HAT broker about your needs.
