What is Transport Insurance?

Transport Insurance is a type of insurance cover that protects freight forwarders against risks such as damage during transport. This insurance cover provides financial protection in case of loss or damage to goods during transport. It is an essential part of any logistics operation as it mitigates financial risks associated with the movement of goods.

Transport Insurance policies are designed to cover different risks and can be customised to meet specific business needs. The policy may cover all types of transport modes, including road, sea, air, or rail, depending on the nature of the business. The policy may also cover goods in transit, storage, and handling. Most freight forwarders opt for an annual transport insurance policy, which provides comprehensive coverage for all shipments throughout the year.