This type of insurance covers the risk of damage, destruction or loss of cargo in transport, regardless of the means of transport – anywhere in the world. Is usually valid for the entire duration of shipment (from warehouse to warehouse) including loading, unloading and other handling during shipment and eventual intermediate storage.

Cargo insurance can be:

• all-​risks – all risks are covered except those expressly excluded in the insurance contract
• or only listed risks (limited extent) – only the hazards which are explicitly listed in the insurance contract (e.g. natural hazard, accident, etc.) are covered.

Supplementary insurances:

• Duration of exhibitions and fairs
• ALOP (Advance Loss of Profit) 
• Risk of war or strike

Covered Risks

• Natural hazards, natural disasters
• Road accidents, shipwreck, sinking, etc.
• Theft, robbery
• Damage in shipment, loading or unloading