Are you shipping products from overseas? What happens if you never get that product? Cargo insurance provides protection against risk of physical loss or damage to goods from any external cause during shipping. Cargo/Freight insurance can provide coverage for goods damaged during transport by land, air or water. It also can allow coverage in situations where the boat is ported or even if the goods are in between destinations.
This insurance will cover all “acts of God’ and many perils that would be excluded from a general liability policy, such as riot, terrorism, warfare, etc. This is a huge benefit for businesses that ship internationally.