How are Cargo insurance and Liability insurance useful?
When shipping goods by land, sea, or air, cargo insurance protects against all risks of physical loss or damage to the cargo from outside sources. It also goes by the name "freight insurance," and it covers transits done by courier, registered post, road, and air. In global trade, cargo insurance is significant.
There are different kinds of cargo insurance:
Transport Insurance
Transport by land can be more challenging than by sea. Your shipment could be transported by pipeline, truck, or rail, thus all three must be covered by your land cargo insurance. You must also take into account the expense of replacing or repairing damaged items as well as the value of each item.
Air Shipment Insurance
Insurance for air shipment is similar to that for terrestrial transportation, altho...