Cargo Insurance

Cargo Insurance

An insurance policy that protects the buyer of a good from the loss of that good while it is being transported. Most of the time, when a good is being shipped, either the buyer or the seller is required to purchase cargo insurance (or at least to assume the risk of transit); their specific agreement determines which one is responsible. See also: Incoterm.
References in periodicals archive ?
Shippers in the United States seem to concur that the cargo insurance market remains healthy and stable, except in the stock throughput area.
NYSE: EDS), and an impressive roster of cargo insurance underwriters in order to offer our most compelling program to date.
The Great American platform will also be integrated with Oceanwide's ForwarderLogic freight management application, providing seamless connectivity between the freight forwarding and cargo insurance applications.
Independent insurance agents and brokers can turn to Chubb's Ocean Cargo Express to obtain ocean cargo insurance for their small and midsize customers.
Marine products include cargo insurance which protects goods being transported by air, land and sea.
Providing further support to clients in Switzerland, the office will focus on P&I, Hull and Machinery, Cargo Insurance and maritime law through BMT s global survey network, based in more than 250 ports worldwide.
GSIS pioneered spot excess cargo insurance quote systems Freight Guard that allows trucking to instantly purchase on-line excess cargo when the value of their loads exceed their Motor Truck Policy limit, as well as operational efficiency systems that helps them deliver excellent service and rates.
Property Owners, Property Insurance, Marine Cargo Insurance, Employers Liability and Public/Products Liability, Directors and Officers Liability, Pension Trustees Liability, Professional Indemnity Insurance, Fidelty Guarantee Insurance, Motor Fleet Insurance, Personal Accident and Travel Insurance, Computer Insurance, Contractors Plant Insurance.
At the end of the day, our services and expertise will help our insureds to mitigate losses and keep cargo insurance costs manageable.
Prior to joining CNA in 2008 as underwriting manager in the Houston branch, he served as president and managing partner of Cargo Insurance Group, Inc.
Dubai Trade and Abu Dhabi National Insurance Company (ADNIC) have organised a forum to announce the official launch of Tradeshield for online cargo insurance.
BOSTON, March 1 /PRNewswire/ -- OneBeacon Insurance Group today announced that its ocean marine division -- International Marine Underwriters (IMU) -- has launched a new Web-based cargo insurance service platform: http://www.