Transport insurance is a type of insurance that provides coverage for loss or damage to goods or property being transported from one place to another. This insurance can be purchased by business owners, carriers, freight forwarders and others involved in the transportation of goods.
Transport insurance can cover damage or loss occurring during the transport of goods by land, air, sea or river. The covers may include damage caused by theft, fire, accident or other unforeseen situations.
In addition, transport insurance can provide cover for costs associated with extra expenses, such as re-routing or temporary storage of goods. It can also provide liability cover in the event of damage to third parties during the transportation of goods.
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