Who Needs Cargo Marine Insurance?
If you are transporting goods overseas you need cargo marine insurance coverage. This can range from businesses shipping products to foreign customers, purchasing goods from abroad that need to be shipped back to the UK and even families who are starting a new life overseas and need their personal belongings, furniture and vehicles transporting to their new destination.
Despite the common misconception, your carrier won’t compensate you for the full value of your goods or belongings in the event of damage. Shipping companies are only liable to pay you a sum up to the amount specified in their trading conditions – a figure that may be as low as £1,300 per tonne!
What’s more, without shipping cover you may be liable for the damage or loss of other people’s goods thanks to General Average – which requires customers whose cargo survives a voyage to compensate anyone whose cargo was abandoned to protect the cargo vessel.
If you’re not comfortable with the risk of paying thousands of pounds for the damage or loss of your own, or someone else’s, shipments, with the prospect of only a few pounds per kilo in compensation, you will need shipping insurance coverage.
Protect your business’ products or your family’s belongings now. Call us on 01772 780 380 for a no-obligation cargo marine insurance quote.