I’ve shipped hundreds of times and never had a loss. Why would I want to insure?
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That’s great—but the more you ship, the more likely a loss becomes. Risk models show that nearly 30% of cargo losses are unavoidable. Insurance helps you manage that risk efficiently. Also, in ocean shipping, you could be liable for someone else’s loss under General Average—even if your cargo is undamaged.
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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? Doesn’t the shipping company have to cover my loss? 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? 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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