Gatii India

Transport Insurance

Taking Transport Insurance is the first thing that should be done in transportation, as it is done practically all over the world. Insurance companies provide two types of insurance in the shipping industry, theft, and accident insurance policies. One of the main reasons for this is that companies can be compensated in case of theft, vehicle hijacking, or accidents.

Each purchase must be covered by at least two types of insurance: transport insurance, which is taken out by the exporter, and civil liability insurance, taken out by the transporter.

The second category, civil liability insurance, has a variety of clauses that guarantee damages (claim reimbursement or compensation) to the transporter when he needs to pay for damages repaired or for damages to the cargo being transported by him. it occurs. Additional coverage is also required for loading and unloading shipments across all modes of transport.

In the case of both inland and international transport, cargo insurance covers damage to goods during transit by sea/river, land, and air, or when multiple modes of transport are used along the route (multimodal route). The cargo owner usually takes out a multimodal or an intermodal insurance policy to protect him from the risks that accompany the means of transport used to transport the cargo, throughout the route, from origin to final destination. Till I can be. In addition to indemnification for any loss or damage caused to the goods.