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Shipping companies do not insure your cargo, however they may be liable for loss or damage to cargo up to certain limitations. To make a liability claim can be difficult since you need to prove the carrier is responsible and there may be multiple carriers involved along with strict timeframes for claiming. Also, there may be exemptions such as losses due to natural perils (Acts of God), or War/Strikes risks.
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Related FAQs
Can Maersk assist me with cargo insurance for journeys through areas like the Bab el-Mandeb strait and the Red Sea? How do I calculate the volume for my LCL cargo? How should an insured act in the event of a claim for loss or damage? I already have my own policy. Isn’t that enough? I only import Cost Insurance and Freight (CIF). Why would I need added insurance? Is a valued inventory list required? I’ve shipped hundreds of times and never had a loss. Why would I want to insure? Maersk offers cargo insurance. Do I need to buy own cargo insurance? Since I only ship Free on Board (FOB), do I really need insurance? What are the chances that anything will happen to my goods? What are the “Incoterms”?New to Maersk.com?
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