Cargo Insurance

Insurance for your property while it is in transit on your own vehicles or through a public or contract motor carrier, rail or air carrier. Our transportation policy will keep your business operating in the event of a loss while we determine the extent of the carrier’s legal liability. This coverage is vital to businesses utilizing just-in-time delivery methods.

When it comes to supply chain, you know that sometimes the smallest oversight can manifest into the biggest threat. These risks can damage your cargo at any time, at any step of its journey, from source to destination. That’s why, your cargo deserves nothing but the best insurance solution in the market. An insurance policy that will cover most types of cargo, from door to door with greater ease of not just buying it, but also processing it. Cargo Insurance provided by Logify is sought-after comprehensive insurance offering that is created to compensate for loss or damage to your cargo. In case of thefts, natural disasters or accidents. All with a single click.

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This is particularly true for participants within the logistics industry, where their unique exposures require critical thinking and specialised coverage. Although other insurance brokers can place insurances for the logistics industry, if they are not dealing with the issues facing the industry daily, they are probably unaware of the potential exposures to a wide variety of liabilities to the services the logistics industry provides. These include exposures to international & national shipping conventions, admiralty and international laws, and local Singaporian Border Force laws and regulations. Logify specialises in providing insurance advice to the logistics industry, and we manage numerous insurance programs for freight forwarders, customs brokers, transport operators and many other participants within the industry.

overview

Unique

Risk Advisory

Risks Covered

Loss or damage during end-to-end transportation of cargo, regardless of transport supplier
General Average (GA)
War & strike risks
Almost all commodities, with a few exceptions in dry and refrigerated cargo
To & from any country that is not sanctioned
Container damage (above 500 USD for Maersk dry containers)

Unique We are a licensed insurance broker agency. This experience has given us an insider view and deep understanding of the lack of freight insurance coverage being provided by most of the cargo carriers and the need for specialty full value based freight insurance to properly protect your shipments. Whether you’re an individual looking to insure a single shipment/move or a commercial shipper, freight forwarder or logistics provider needing to cover multiple shipments, we can provide you with the proper freight insurance coverage you need to protect your goods for their full value, in less than 5 minutes, with no paperwork and at a fraction of the cost.

Risk AdvisoryOur Risk Consultants share their expertise in a series of risk bulletins advising on how to safely load and secure project cargo, how to store biomass products prior to shipping, as well as many more topics. We are dedicated to supporting our clients by working with them to deliver the best possible solutions to the management, control and reduction of risks – wherever and whenever these occur.

Broad range of commoditiesCargo Insurance available for a broad range of commodities, including many reefer products.
Just one invoicebenefit of settling all your bills in one place with a single regular Logify Freight Invoice.
Greater flexibilityGet insurance per shipment or for whole cargo- flexible options available

Secure your cargo with

Our cargo insurance

Risk Control

Secure your shipments while transit

We have one of the largest Risk Control departments in the industry, and our scale allows us to apply the right resource at the right time to meet customer needs.

Special investigation groups

Covering financial loss

Our skillfully trained investigators help deliver optimal claim outcomes for our customers by actively pursuing avenues of recovery 24 hours a day, 365 days a year for all cargo and other specialty losses.

Claim

Easy and reliable process

Our knowledgeable Claim professionals will respond to your needs with speed, compassion, integrity and professionalism. It’s our business to help keep you in business.

Booking Menu

and we will get back to you.

FAQs

FREQUENTLY ASKED QUESTIONS

Got any questions? Here’s a list of some general questions, kindly go through them, maybe you get your answer here.

Do I need to fill a special form to purchase the cargo insurance?

At the time of shipment, in addition to the regular information, you will be prompted to provide only a few additional details, such as the value of the cargo and details of the policy holder.

How do I determine how much I should insure my goods for?

Under a cargo policy, you would usually value goods at the invoice cost, freight charges and an additional percentage of the total of those amounts (normally 10%). The additional percentage accounts for charges that may be incurred during shipping but aren’t known at the time of booking.

In case of a claim, which documents will be required to submit the claim?

To speed up the processing of your claim, please provide the following documentation, if available:

Commercial invoice
Photographs of damage
Bill of Lading/CMR Note/Waybill
Packing list
Freight invoice
Letter of Protest

What are the main exclusions under my cargo insurance policy?

Your policy contains a few exclusions, all of which are common in cargo insurance policies. For example, the insurance may not pay for loss or damage caused by:

You intentionally taking an action that damages your goods or incurs an expense
Wear and tear, ordinary leakage, ordinary loss in weight or volume, or inherent vice of the goods;
Delay, loss of market or consequential loss of any description;
Loss, damage or expense caused by you or your employees failing to take reasonable steps to ensure that your goods are properly refrigerated