Marine cargo
Marine cargo and freight insurance
Marine cargo insurance covers goods while they are in transit, by sea, air or land, against loss or damage during the journey. It is separate from the vessel's insurance, and a carrier's legal liability is usually limited, so shippers often buy their own cargo coverage. Nymble places cargo and freight risks.
What shippers usually ask about
- Single shipments versus an annual (open) policy
- Coverage for the full invoice value plus related costs, as the policy allows
- Door-to-door transit including truck legs and storage in transit
- Contract and letter-of-credit insurance requirements
Why carrier liability is limited
Carriers' liability for cargo is generally capped by law or by the bill of lading, so the limit can be well below the value of the goods. Ask what your carrier's limit is and compare it to your shipment value.
Florida trade
Florida's ports and airports move goods to and from the Caribbean and Latin America as well as worldwide, so lanes, packing and the mode of transport shape the quote.
Coverage depends on the policy, the insurance company and underwriting approval.
Common questions
Who needs marine cargo insurance?
Importers, exporters, freight forwarders and anyone who owns goods in transit and is responsible for loss or damage under their sales contract.
Is cargo covered by my carrier?
Only up to the carrier's legal or contractual liability limit, and only for losses the carrier is responsible for. Marine cargo insurance is designed to fill that gap.