Cargo Insurance is an essential component to the shipment of goods anywhere in the world. International law and domestic law create limits to the liability of shipping companies, these limits are usually far below the value of the merchandise being transported in order to reduce transportation costs. The following example explains very clearly why the law protects shipping companies:

When liability of the shipping company is limited to $500 per package, shipping a container of computers is the same price as shipping an equally sized container of bricks. If the law did not work that way, it would be far too expensive to ship computers and high value items. Freight would be so expensive that it would disrupt the global economy.

The above example is one of the easiest ways to see why cargo insurance is absolutely necessary for any cargo shipments. If your merchandise/vehicles/ equipment/etc. are worth more than $500 per package/each, there are very few circumstances in which you could recover your investment after an accident or loss and the law is not on your side. The only way you are protected is when you have all risks and full coverage cargo insurance from a quality and reputable company like Anova Marine.

Cargo insurance protects the owner of the goods for the full value of their investment against all risks and can include not only the full value of the goods, but also the cost of shipping, duties, and also up to 10% or even 20% extra to cover anticipated profit. The certificate/policy is issued via the shipping company's open account directly to the end customer, thus avoiding complicated liability arguments and allowing for a swift and direct settlement of the loss. Rates are very competitive and affordable, thereby making cargo insurance an affordable and necessary component to shipping cargo anywhere in the world.