Cargo insurance

Cargo insurance, or goods insurance protects against unexpected events

Cargo insurance provides insurance cover for the transport of goods for the entire value of the goods, including loading the goods onto the means of transport at the place of departure, transshipment, and intermediate storage during the usual route and unloading the goods at the place of destination. Cargo insurance cover is based on international conditions that are equally understandable to different parties in different countries when it comes to interstate transportation.

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Period selection

You can insure both one specific shipment and the total volume of shipments in one period (usually a year).

Your cargo is insured to the extent of the entire value

The liability of the persons transporting the cargo and organising the shipment is limited, it can cover only a fraction of the damage in the worst case. If there is cargo insurance, the client does not have to worry about whether the carrier is liable for compensation for the damage caused or how much they are liable.

Transport costs

In addition to the value of the goods, the transportation of cargo is accompanied by other costs, in particular, transport costs. They can also be added to the sum insured, if necessary.

Cargo rescue costs

Cargo insurance also covers the costs related to the cargo and rescue of the ship. If the ship and its cargo are in danger, an emergency is declared and the cargo owners must provide a guarantee of participation in the rescue costs (e.g., the Suez Canal incident) in order to receive the goods after the rescue.

Period selection

You can insure both one specific shipment and the total volume of shipments in one period (usually a year).

Your cargo is insured to the extent of the entire value

The liability of the persons transporting the cargo and organising the shipment is limited, it can cover only a fraction of the damage in the worst case. If there is cargo insurance, the client does not have to worry about whether the carrier is liable for compensation for the damage caused or how much they are liable.

Transport costs

In addition to the value of the goods, the transportation of cargo is accompanied by other costs, in particular, transport costs. They can also be added to the sum insured, if necessary.

Cargo rescue costs

Cargo insurance also covers the costs related to the cargo and rescue of the ship. If the ship and its cargo are in danger, an emergency is declared and the cargo owners must provide a guarantee of participation in the rescue costs (e.g., the Suez Canal incident) in order to receive the goods after the rescue.

What does ERGO cargo insurance cover?

As a rule, cargo insurance is covered on the principle of all-risk insurance, i.e., all losses that are not excluded by the terms and conditions are insured. Here you will find a list of what is included in the contract.

All-risk cover

As a rule, cargo insurance cover works on the principle of all-risk insurance, i.e., all losses that are not excluded by the terms and conditions are insured. For example, fire and water damage, natural disaster, theft or robbery, traffic accident, including ship, flight or railway accident, and damage during loading are covered.

What does ERGO cargo insurance cover?

As a rule, cargo insurance is covered on the principle of all-risk insurance, i.e., all losses that are not excluded by the terms and conditions are insured. Here you will find a list of what is included in the contract.

In addition to the covers in the main package, it is possible to add various additional covers.

Exhibitions

It is possible to insure the cargo both during transportation to the destination and back, including, if necessary, the cover is also valid during the exhibition period.

In addition to the covers in the main package, it is possible to add various additional covers.

Good to know / FAQ

Yes, it is. Carrier’s liability insurance protects the carrier, not the owner of the goods. The liability of the carrier is limited, in some cases the carrier is not liable at all, and the liability of the carrier is also limited if they are liable for the cause of damage. For example, in road transport, the carrier’s liability is limited to about 10 euros per kilogramme of missing or damaged goods. This means that the carrier, for example, is not obliged to compensate more than 100 euros if 10 kilogrammes of goods are damaged, even if the carrier has to compensate for the damage. In many cases, the real value of the goods is many times greater.

Yes, the cargo is insured for its entire value (usually the amount of the invoice for the goods). To the value of the cargo can be added the cost of transportation and other direct costs related to the transportation of cargo, as well as non-refundable taxes (e.g., customs duty, excise duty). Also, 10% of the cargo can be insured to compensate for indirect costs and the higher value of the cargo at the destination.

Cargo insurance

Cargo insurance, or goods insurance protects against unexpected events

Period selection

Your cargo is insured to the extent of the entire value

Transport costs

Cargo rescue costs

Period selection

Your cargo is insured to the extent of the entire value

Transport costs

Cargo rescue costs

What does ERGO cargo insurance cover?

All-risk cover

Said risks

Damage when loading

Costs related to the rescue of cargo

What does ERGO cargo insurance cover?

In addition to the covers in the main package, it is possible to add various additional covers.

Exhibitions

War and strike risk

Cargo delay

Moving

Contingent insurable interest

In addition to the covers in the main package, it is possible to add various additional covers.

Good to know / FAQ

Is cargo insurance necessary if the carrier has valid carrier’s liability insurance?

Does cargo insurance indemnify the damage if the carrier’s actions are classified as gross negligence and the carrier’s insurance does not indemnify the damage because there was no corresponding insurance cover?

Is the cargo insured for the full value?

Is cargo insurance helpful if the shipping company requires a deposit from the owner of the goods to cover the costs of rescuing the ship and the cargo?

Terms and conditions of cargo insurance

Valid documents