Freight and Cargo
Wide Insurance Panel With 80+ Providers
Cover Options Designed Around Your Business
Excellent Customer Reviews
Freight and Cargo Insurance for Businesses Transporting Goods
Freight and Cargo Insurance is designed to help protect goods while they are being transported by road, sea or air. Whether you are moving products across the UK or shipping goods internationally, having appropriate insurance in place can help protect your business against the financial impact of loss, damage or unexpected events during transit.
Goods can face a variety of risks throughout their journey, including theft, accidental damage, fire, weather-related incidents, loading and unloading damage, and delays caused by unforeseen circumstances.
At 1st Choice Insurance, we help businesses arrange Freight and Cargo Insurance through our panel of insurers. Our experienced advisers take the time to understand your goods, transportation methods and business requirements before explaining the insurance options available.
Whether you are an importer, exporter, manufacturer, logistics company, retailer or freight specialist, we can help you explore suitable cover for your cargo.
Get a Freight and Cargo Insurance Quote
Looking for Freight and Cargo Insurance?
Our team can help you understand the cover options available and arrange insurance through our panel of insurers.
Call 03442 348081 or complete our quote form below to request a quotation.
What is Freight and Cargo Insurance?
Freight and Cargo Insurance is a specialist type of commercial insurance designed to provide protection for goods while they are being transported or stored as part of the transportation process.
Unlike standard carrier liability, which may provide limited compensation depending on the terms of the transport agreement, Freight and Cargo Insurance can provide wider protection based on the value and type of goods being transported.
Depending on the policy selected, cover may include protection for:
- Loss or damage during transit
- Theft of goods
- Accidental damage during loading and unloading
- Fire and water damage
- Weather-related damage
- Damage caused during handling
- Storage-related risks before onward transportation
The level of cover available will depend on the insurer, the goods being transported and the specific policy terms and conditions.
Who Needs Freight and Cargo Insurance?
Freight and Cargo Insurance can be useful for any business responsible for transporting valuable goods or products.
This may include:
- Freight forwarders
- Logistics companies
- Haulage businesses
- Importers and exporters
- Manufacturers
- Wholesalers
- Distributors
- Retailers
- eCommerce businesses
- Third-party logistics providers
- Businesses shipping goods internationally
Many businesses arrange cargo insurance because the compensation available through carriers or freight companies may not always cover the full value of their goods.
What Can Freight and Cargo Insurance Cover?
The exact cover available will depend on the insurer and the policy arranged.
Goods in Transit Cover
Goods in Transit Insurance can provide protection for goods while they are being moved from one location to another.
This may include transportation by:
- Road
- Rail
- Sea
- Air
Import and Export Cargo Insurance
Businesses involved in international trade may require additional protection for goods travelling across borders.
International cargo insurance can help protect shipments throughout their journey, including overseas transportation, subject to the policy wording.
Stock and Storage Cover
Some policies may include protection for goods while temporarily stored before, during or after transportation.
High-Value and Specialist Goods
Businesses transporting valuable, fragile or specialist items may require insurance arranged specifically around the nature of their cargo.
Examples may include:
- Machinery
- Electronics
- Specialist equipment
- Commercial goods
- Industrial products
Benefits of Freight and Cargo Insurance
Having suitable cargo insurance in place can provide several benefits for businesses involved in transporting goods.
Financial Protection
Insurance can help provide financial support following insured losses, helping businesses recover from unexpected events.
Protection Against Transit Risks
Cargo can be exposed to risks during transportation, handling and storage. Insurance can help protect against certain insured events.
Supports Business Continuity
Unexpected losses can affect supply chains and customer relationships. Suitable cover can form part of a wider business risk management strategy.
Helps Meet Contract Requirements
Some customers, suppliers or commercial agreements may require businesses to have appropriate cargo insurance before goods are transported.
Flexible Cover Options
Policies can often be arranged around the type of goods, destinations and transportation methods involved.
Freight Insurance for Different Industries
Freight and Cargo Insurance can be arranged for businesses operating across many sectors, including:
Manufacturing
Manufacturers often transport raw materials, components and finished products that require protection during transit.
Retail and eCommerce
Retailers and online sellers may need cover for stock moving between suppliers, warehouses and customers.
Import and Export Businesses
Companies involved in international trade may require cargo insurance to protect goods travelling between countries.
Logistics and Transport
Transport businesses may arrange specialist insurance solutions to support their customers and operations.
Frequently Asked Questions About Freight and Cargo Insurance
What is Freight and Cargo Insurance?
Freight and Cargo Insurance provides protection for goods while they are being transported or stored as part of the transportation process. It can help cover certain losses such as damage or theft, depending on the policy selected.
Is Freight Insurance the same as Goods in Transit Insurance?
They are similar types of cover, but the exact protection depends on the policy wording. Goods in Transit Insurance is commonly associated with road transportation, while Cargo Insurance may also apply to sea and air shipments.
Do I need Freight and Cargo Insurance if my carrier has insurance?
Carrier liability may provide some compensation, but it may be limited by transport agreements and regulations. Cargo Insurance can provide additional protection depending on your requirements.
Can Freight Insurance cover international shipments?
Freight and Cargo Insurance can often be arranged for international transportation, subject to insurer acceptance and the policy terms.
Can small businesses arrange Cargo Insurance?
Yes. Freight and Cargo Insurance can be arranged for businesses of different sizes, depending on the goods being transported and the risks involved.
What goods can be insured?
Many types of commercial goods can be considered for cover, including manufactured products, stock, equipment and specialist items. Acceptance will depend on the insurer and policy terms.
How do I get a Freight and Cargo Insurance quote?
Call 03442 348081 or complete our online quote form. Our advisers will discuss your requirements and explain the insurance options available through our panel of insurers.
Request a quote - it’s simple
We’re here to help Monday-Friday, 9am-5pmÂ