You shipped out your goods, but darn it, the truck got into an accident and some of your stuff got damaged. And that's Murphy's Law going easy on you.

​Insuring your shipment may be as important as shipping it, because sometimes it means the difference between recovering your cost or having it affect your cash flow. 

types of insurance

Generally insurance can be divided into land, marine and multi-modal coverage. The former covers theft, collusion damages and other related risks for trucks & other small vehicles and is normally limited to domestic coverage. Marine insurance covers transport by sea or air, both domestic and international. Multi-modal insurance is used when more than one means of transport is used to move the cargo.

types of coverage

Simply put, there is all-risk coverage which provides the widest coverage for incidences although there will still be certain inclusions and exclusions to the policy (so read the fine print!) and then there are the specific coverage policies which protect ultra high-risk or high-value goods on their door to door journey. Even if your goods are just going around the corner, it's always safer to keep them covered.