Freight & Cargo Insurance Solutions with LMBF
Whether your goods or being transported across land, via railway, over seas, or even crossing international borders, your business relies on their safe delivery. More and more, our economy has become increasingly dependent on trade cross-country - but the risk of damages and the growing frequency of theft to goods-in-transit is on the rise as well. Businesses are starting to recognize the consequences of a failed delivery, not only to their finances but to their business’ reputation and relationships with clients. The solution lies in freight and cargo insurance. LMBF’s cargo insurance programs are designed to give your delivery or carrier business the comprehensive coverage it needs to protect its bottom line against common risks and vulnerabilities.
What Cargo Insurance Coverage Offers
Cargo insurance protects your business from the potential financial setback that arises from damages or loss to a shipment. Your cargo insurance may include coverage for goods while they are in transit, whether via a plane, ship, or truck, and during unloading/loading.
Your cargo insurance may include coverage for unexpected delays. If delays in delivery result in a liability claim, your cargo insurance may include coverage for any incurring lawsuit expenses and awarded settlements.
If a client perceives your company’s actions have resulted in the loss or damages to goods in transit, you may be facing a lawsuit. Your cargo liability insurance may include coverage for any lawsuit expenses that arise as a result.
- Damages to goods while in transit
- Theft of goods
- Lawsuit expenses
- Delayed shipments
- Intentional damages
- Illegal materials in-transit
- Damages to vessels
What is cargo insurance?
Cargo insurance is a commercial insurance policy designed to protect carriers for damages to goods-in-transit. This policy is good for importers and exporters, traders, wholesale merchants, manufacturers, and more. Some policies can be supplemented to include coverage for damages or losses that occur during purely domestic transit movements, while in-storage or warehouse, exhibition, and more.
Freight & Cargo Insurance for These Business Sectors:
- Metal manufacturers
- Autobody part manufacturers
- Chemical manufacturers
- Food manufacturers
- Freight road transportation
- Courier companies
- Trucking companies
- Liquor retail
- Grocery retailing
- Furniture retailing
- Garden supplies retailing
- Auto parts retailers
- Agricultural machinery wholesale
- Audio and video equipment retailers
- Bakery product wholesale merchants
Our Cargo & Freight Insurance Partners
The future of globalization is in cross-country trade and international deliveries. Even if you’ve been shipping for years and completed hundreds of shipments without issue, cargo insurance is still an important purchase. After all, you wouldn’t want that perfect record to be ruined. LMBF has partnered with some of the top freight & cargo insurance carriers to help ensure your business can recover from a loss - reputationally and financially - and continue to do shipments as per usual without any significant interruption.