Services

CARGO INSURANCE POLICY

Times Shipping Group, provides services in the insurance policy. We are dealing with many insurance agencies, who has authorized by the government. We are framing the suitable policy for our customers for their various cargos. Cargo insurance is an important for all the shipments, which protects the cargo from all the risks. In our regular business, we attain the issues and solutions for that, based on the real trap we are developing and bordering the policy terms to avoid any discrepancy.

Cargo insurance provides protection against all risks of physical loss or damage to freight from any external cause during shipping, whether by land, sea or air. Different types of Cargo Insurance exist. Cargo Insurance Policies can be endorsed to cover all these instances, or a policy can be purchased individually to provide cumulative coverage for all locations of your goods. Protecting the value of your goods is the primary benefit of cargo insurance.

While the customer having the option of sending the freight without any insurance, if do so would bear the entire financial cost in the event of damage or loss of the shipment. Even customer having legal recourse against the carrier, but this can be a lengthy and complicated process, and international law strictly limits carrier liability.

There are levels in the insurance cover policy, its options to choose insure from warehouse to warehouse, during the freight, stock at the warehouse, natural calamities, strikes, riots, terrorism and civil commotion risks etc. The most comprehensive type of Cargo Insurance is called “All Risks Coverage”. There are so many clauses in the insurance coverage, which drives the warranties and exclusions for the subjected shipments takes place in the mode of transport by Sea, Land, and Air. We are in the field to help our customers for their cargo insurance policy.