Protect Your Goods. Protect Your Business.

Shipping goods internationally can be a powerful growth strategy—but it also comes with risks. Whether you're a small business exporting your first pallet or a large company moving high-value containers, damage, loss, and theft during transit are real threats.

At iContainers, we’ve helped thousands of businesses ship safely across the globe. In this guide, we’ll walk you through everything you need to know about cargo insurance—what it is, how it works, and how to choose the right policy for your business.

What is Cargo Insurance?

Cargo insurance is a type of coverage that protects your goods during transit—whether by land, sea, or air. It shields the cargo owner (that’s you) against losses resulting from:

• Damage
• Theft
• Accidents
• Natural disasters

Unlike carrier liability, which only offers limited protection, cargo insurance gives you comprehensive peace of mind. It’s one of the smartest safeguards in international logistics.

Freight Insurance vs. Cargo Insurance: What’s the Difference?

In short: freight insurance protects the carrier, while cargo insurance protects your goods. If you’re the shipper, cargo insurance is what keeps your business financially protected.

Types of Cargo Insurance Policies

Choosing the right policy means understanding what each type covers.

All-Risk Cargo Insurance

The most comprehensive option. Covers physical loss or damage from external causes, except for a few exclusions. Ideal for high-value or sensitive shipments.

Named Perils Cargo Insurance

Covers only the specific risks listed in the policy—typically fire, theft, or collision. A good fit if you’re managing budget and shipping lower-risk goods.

Specific Perils Cargo Insurance

Custom coverage. You select the perils (e.g., theft in-transit, damage from handling). Suitable for experienced shippers with targeted risk profiles.

What Does Cargo Insurance Cover?

Typical inclusions:

• Loss or damage during transit
• Theft or pilferage
• Weather-related incidents
• Handling and storage issues

But not everything is covered. Common exclusions include:

• Poor packaging or mishandling
• Financial losses from delays
  War or civil unrest (unless added separately)
• Inherent vice (natural spoilage or decay)

Do You Need Cargo Insurance?

If you're shipping goods internationally—even occasionally—the answer is yes in most cases.

Recommended if you:

• Ship high-value or fragile items
• Use high-risk routes (e.g., piracy zones, extreme weather)
• Need guaranteed protection for your customers

Optional if you:

• Ship low-value, easily replaceable goods
• Use trusted local routes with minimal risk

Still unsure? Our specialists at iContainers can help you assess risk and make a cost-effective decision.

How to Choose the Right Cargo Insurance Policy

Here’s a framework we recommend to our clients:

1. Know What You’re Shipping

Start by identifying the characteristics of your cargo. High-value, perishable, or fragile goods typically require more comprehensive coverage to ensure adequate protection throughout transit.

2. Understand the Route

Evaluate the specific risks associated with your shipping route. Factors such as extreme weather conditions, politically unstable regions, or multiple handling points can increase the likelihood of damage or delays, and should influence the level of insurance coverage you select.

3. Compare Providers Carefully

Don’t settle for the first offer. Look for:

• Clear terms and exclusions
• Competitive premiums
• Reputation and reliability

4. Talk to a Specialist

Our team has real-world experience navigating complex routes and claims. If you're unsure what you need, we’ll give you practical guidance.

How to Buy Cargo Insurance: Step-by-Step

Step 1: Evaluate your shipment’s value, route, and risk

Step 2: Contact a trusted provider or broker like iContainers

Step 3: Review the policy details and select appropriate coverage

Step 4: Finalize documentation and double-check accuracy

Tip: Always provide full and accurate information—incomplete or incorrect forms can void your coverage.

What To Do If Something Goes Wrong (Claims Process)

If your cargo is lost or damaged:

1. Notify your insurance provider immediately
2. Gather documentation (photos, incident reports, shipping records)
3. Submit a formal claim with supporting documents

Throughout the process, stay in close contact with the insurer and respond quickly to information requests to avoid delays.

Key Benefits of Cargo Insurance

• Financial protection from unpredictable losses
• Peace of mind while your goods are in transit
• Stronger customer trust with insured shipments
• Better business continuity, especially for global operations

Final Thoughts: Why Cargo Insurance Matters

Cargo insurance isn’t just an add-on—it’s a smart, proactive business decision. It protects your products, secures your investments, and builds trust with your partners and clients.

Whether you ship once a year or daily, there’s a policy for your needs.

Need Help Finding the Right Coverage?

At iContainers, our team of logistics experts is here to help you navigate cargo insurance confidently. With years of experience and a global shipping network, we provide tailored solutions to keep your goods protected from port to port.

Contact us today to get personalized advice on the best cargo insurance for your shipment.