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things you must know
about Freight Insurance

Who needs Freight Insurance?

All freight being transported should be insured. Whether travelling via air, sea or over land, the freight is under threat of the transportation device being involved in an accident or being stolen & the freight been lost as a result. If you arrange your freight through a freight forwarder, it is still worthwhile to compare the rates they charge you for insurance versus the rates you would be charged directly. Most often, taking your own insurance will save you on the costs of importing & exporting.

Why should you take out Freight Insurance?

We live in a world rife with crime, changing weather conditions & less robust equipment. Add to this the human tendancy for accidents, maintenance faults, lack of care when handling etc, and the need for insurance when transporting your freight becomes obvious. Insurance costs a fraction of the price of replacing your freight if it is damaged or stolen. Taking out Freight Insurance is a frugal way to ensure that you will not have to pay double for freight when it does not arrive safetly.

How much does Freight Insurance cost?

We deal with many Freight Insurers, so we will be able to find the most beneficial policy with the cheapest premiums for your freight.

Typical claims incurred on Freight Insurance Policies:

The most common claims on Freight Insurance Policies involve freight being damaged by mishandling, water seeping into boxes, entire cartons disappearing during transit or the truck carrying the freight being involved in an accident & the freight inadvertently being destroyed. The most expensive claims tend to be caused by the entire vessel being sunk, the airplane crashing or the vehicle being hijacked.

What other insurance should be considered along with Freight Insurance?

Lots of Freight Insurance Policies do not automatically include cover for loading & offloading. It would be disasterous for you to have properly insured your freight all the way to the final destination, just to have it dropped whilst being offloaded & not covered for the same. For companies that have many separate trips for their freight, a Stock Throughput policy covering the entire trip is highly advisable.

GET A QUOTATION

Click here to send us an e-mail requesting a quote -> insurance@barrington.co.za 

We will e-mail you a quotation as soon as possible.

Contact details will be kept confidential and will not be used in any other way other than described above and will not be shared with any other parties.

Please note that we can only insure in South Africa