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Do You Know the 6 options for your Cargo Insurance?

Updated: May 18, 2022

Contract Agreed product in your warehouse, subject to the sales terms and INCOTERMS what do you do to risk manage that cargo?

1. Buyer's responsibility from your warehouse;

2. Self-insure;

3. Comprehensive Cargo A;

4. Named Perils Cargo B;

5. Limited Perils Cargo C;

6. No insurance.

If that Cargo and the profitability of its safe delivery and payment are important for your business you have four options to move the Risk of Loss or Damage from your balance sheet and two which expose your balance sheet.

Number options 2 and 6 leave you exposed to Unknown Liabilities and without reserved capital why would you not consider options 1, 3, 4 or 5 ?

Holtarka Limited is an independent Risk and Insurance Consultant being a FCA authorised Appointed Representative of Lloyds Broker Bellwood Prestbury Limited. We have 35+ years of Enterprise Risk Management guiding companies to be Risk Ready. We work with you to secure Your Business, Review Your Supply Chain and Insurance For Your Goods and Contracts to find alternate effective products and plans for your Business..

Maximise your profits and reduce your costs by being pennywise.

We are ready to help you now or for a free confidential call +447979801237


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