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'caption' => "You are in safe hands",
'title' => "Insurance for Cargo",
'desc' => "Protect your cargo with AIR 7 SEAS affordable and versatile cargo insurance coverages"
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Our Coverage
Marine cargo insurance coverage is important to protect your goods from exposure to risks during
transit. Freight forwarder cargo insurance can help you avoid catastrophe and minimize the
potential losses and collateral damage to your business if something undesirable happens to your
cargo during transit.
Here’s what AIR 7 SEAS international cargo insurance offers to help you mitigate the risk
involved during transportation:
(FPA - Total Loss) / (FPA with average - Basic risk) Coverage
With our total loss coverage type, you can cover a total loss or damage to
the entire shipment because of any natural calamities or accidents during transit. The
FPA’s coverage is available for all your goods, irrespective of the conditions. Total
loss insurance type covers products that are packed by professionals, non-professionals,
and products packed from your end.
Risks Covered : AIR 7 SEAS cargo insurance can help cover your shipment
under natural disasters like earthquakes, floods, fire, lightning, stranding, cyclones,
sinking, and hurricanes. The risk cover includes undesirable incidents like sprinkler
leakage, jettison, overturning, or other accidents to the truck, trains, boats, or
planes, derailments, and collisions.
All Risk Coverage
The second type of cargo insurance offered at AIR 7 SEAS includes insurance
cover for a partial or total loss and damage of your goods while in transit from any
external cause. We offer the broadest all-risk coverage plans when compared to other
offers in the industry. With few exclusions and cost-effective prices, we offer the best
all-risk coverage insurance deals for your cargo’s safety. However, in order to get the
cargo insured under All Risk, the cargo has to be packed professionally.
Cargo Insurance Risks Coverage - Comparison
S.No.
Loss Caused By or Resulting From
All Risks
FPA (Total Loss)*
1
Stranding
Yes
Yes
2
Sinking
Yes
Yes
3
Burning
Yes
Yes
4
Collision
Yes
Yes
5
Faults or errors in management of the vessel
Yes
Yes
6
Bursting of boilers
Yes
Yes
7
Latent defects in hull; or machinery
Yes
Yes
8
Explosion
Yes
Yes
9
Jettison
Yes
Yes
10
Heavy weather
Yes
No
11
Seawater as a result of heavy weather
Yes
No
12
Freshwater
Yes
No
13
Improper stowage by the carrier
Yes
No
14
Hook damage, mud and grease
Yes
No
15
Theft of an entire shipping package
Yes
No
16
Non-Delivery of an entire shipping package
Yes
No
17
Pilferage
Yes
No
18
Leakage
Yes
No
19
Breakage
Yes
No
Why AIR 7 SEAS?
Since 1986
in the business
We have over 40+ years of experience and knowledge of shipping lines serving with required
certifications. We understand the minute details and requirements of the ocean freight
shipment industry and strive forward to deliver the best experience to our clients.
Designed to protect your cargo, we at AIR 7 SEAS offer tailored insurance policies
and end-to-end shipment processing results to help you minimize the risk of
financial loss and mental troubles during the transit process. You can ensure that
your shipment experiences a combination of world-class logistics and insurance
solutions.
Our inland cargo insurance covers multiple commodities, including reefer products.
With years of experience helping businesses transport their shipments with utmost
safety, we understand the importance of cargo shipment. Our cargo insurance offers
are tailored to fulfill your requirements.
While transporting your cargo from one location to another, it is exposed to various
risks. From natural disasters to accidents, theft to other undesirable situations,
our comprehensive coverage helps you bypass the pain of losses along with financial
damages.
We remove the friction to help you easily access AIR 7 SEAS cargo shipment services.
The completely integrated ecosystem of our online booking portal with cargo
insurance makes it simple for you to avail of cargo coverage throughout the supply
chain in no time.
We want you to avoid the hassles of managing different bills for your freight
shipment. Our cargo insurance billing amount will be included in a regular AIR 7
SEAS Freight Invoice to simplify the process and make bill settlements in one place.
Irrespective of the mode of transport you choose for your shipment, our cargo
insurance helps you keep your shipment insured throughout the supply chain. From
departure to arrival, door-to-door to international shipment, we take away your
financial risk and provide you the peace of mind you deserve.
Our cargo insurance types are planned to cater to your special requirements. With
our two types of contracts, insurance per shipment and insurance coverage for every
shipment upfront, we help you accomplish your shipment results with finesse.
Additional Services
We also arrange to provide security customs bond for single entry or full year validity
Single entry customs bond
The single entry bond is a particular type of customs import bond that guarantees all the
required taxes, duties, and fees are paid to U.S. customs during the import of your
goods.
FDA rejection coverage
We also offer FDA-rejection coverage in case your shipment gets detained in violation of
FDA laws and regulations. It can help you cover the financial losses for your destroyed
or explored shipment.
In-transit storage coverage
Our in-transit storage coverage extends to the temporary storage of your goods during the
normal course of transit. It can help you avoid loss or damage during the storage
process during the transit of goods through the rail, road, sea, or air routes.
Carnet insurance bond
We can provide a carnet insurance bond, which helps you recover both the payment of
duties and taxes and the cost of the goods in the case of theft on a carnet.
Continuous customs bond
We also provide you with a continuous customs bond that covers all your shipments that
are imported within one year once you purchase the continuous bond. The continuous
import bond can help you through the repeated process of single-entry bonds for your
shipments.
FOB coverage
The free-on-board coverage implies that we’ll cover your goods until your shipments are
placed on the vessel as desired by the buyer. The marine insurance covers FOB shipping,
which means delivering FOB freight using a particular route specified by you.
Exhibition/Exposition/Shows/Carnet etc.
We help you cover the transportation costs to the different exhibitions, expositions,
trade shows, etc. It can minimize the hassles and troubles of safe and secure
transportation of products nationally and internationally.
FAQs
Cargo insurance provides financial coverage for goods being transported internationally or domestically. It safeguards businesses against unexpected risks such as accidents, weather damage, or cargo mishandling.
Cargo insurance covers physical loss or damage caused by accidents, theft, fire, natural disasters, and vessel incidents during transit.
The shipper declares the cargo value, pays a premium, and receives coverage during transit. If loss happens, the insurer evaluates and settles the claim.
The premium varies based on cargo type, route, packaging, and transport mode, but typically represents a small percentage of shipment value.
Cargo insurance protects the goods being transported, while marine insurance is a broader category that may also cover ships and maritime liabilities.
Cargo insurance for ocean freight protects shipments against risks such as sinking, collision, container damage, and theft during sea transport.
The main types of cargo insurance are All Risk, Named Perils, and Total Loss coverage.
The final rate depends on cargo type, route risk, packaging, and shipment history.
@endsection('content')
All-Risk Insurance for Cargo | Instant Transit Policies