BENEFITS OF CARGO INSURANCE

Irrespective of the mode of transportation or courier service, coverage for issues during transit is typically minimal. Cargo Insurance offers significantly better protection. For instance, in airfreight, the airline covers only $2,333 for a $39,500 loss, leaving a $37,167 gap, while Cargo Insure Online covers $39,105, leaving just a $395 loss. In sea freight, the shipping line pays $21,111 on a $126,800 loss, resulting in a $105,689 gap, but Cargo Insure Online covers $125,300, reducing the loss to $500. For road transport, a trucking company covers $12,967 for a $24,200 loss, leaving a $12,967 gap, whereas Cargo Insure Online covers $23,958, leaving a $242 loss. This demonstrates the substantial difference in coverage between standard liability and Cargo Insure Online.

“With a minimal investment in Cargo Insurance, you can secure comprehensive coverage”

LIABILITY BY TRANSPORT MODE

CIO Liability Chart

Standard Convention
Montreal

Maximum Liability
SDR 19 or USD 26.22 per kilo


Example of Total LOSS/BROKEN
5 boxes – 89 kgs 
Value: $39,500

 

AIRLINE will pay $2,333
YOUR LOSS: $37,167

 

CARGO INSURE ONLINE will pay $39,105
YOUR LOSS: $395

(deductible of 1%, max $500)


Cargo Insure Online Premium

Usd. 47.40

CIO Liability Chart

Standard Convention
Hague – Visby Rules

Maximum Liability
SDR 666.67/pkg or SDR 2/kilo


Example of Total LOSS/BROKEN
1 x 20’DV – 7,649 kgs
Value: $126,800

 

SHIPPING LINE will pay $21,111
YOUR LOSS: $105,689

 

CARGO INSURE ONLINE will pay $125,300
YOUR LOSS: $500

(deductible of 1%, max $500)


Cargo Insure Online Premium

Usd. 152.16

CIO Liability Chart

Standard Convention
CMR Convention

Maximum Liability
SDR 19/kilo


Example of Total LOSS/BROKEN
12 crates – 1,826 kgs
Value: $24,200

 

TRUCKING Co will pay $12,967
YOUR LOSS: $12,967

 

CARGO INSURE ONLINE will pay $23,958
YOUR LOSS: $242

(deductible of 1%, max $500)


Cargo Insure Online Premium

Usd. 29.04

CIO Liability Chart

Standard Convention
by Courier company

Maximum Liability
USD 100


Example of Total LOSS/BROKEN
1 box – 4 kgs
Value: $760

 

COURIER will pay $100
YOUR LOSS: $660

 

CARGO INSURE ONLINE will pay $760
YOUR LOSS: $0

(no deductible for e-Commerce)


Cargo Insure Online Premium

Usd. 7.60

Scroll to Top
English