Freight operations are crucial to global commerce, but they carry risks. Whether shipping locally or internationally, unforeseen incidents can disrupt operations and lead to financial losses. This is where freight insurance becomes essential, offering a layer of protection so your business can continue moving forward, even when the unexpected occurs.
To find out more and get further advice on freight insurance, contact our team.
What Is Freight Insurance?
Freight insurance, also known as Freight liability insurance, protects businesses transporting goods, covering risks such as damage, loss, or theft during transit. Whether goods are shipped by land, sea, or air, freight insurance provides peace of mind by minimising the financial impact of incidents that may arise in the supply chain.
Here at Wentworth Alexander Insurance Brokers, we have extensive experience in freight insurance. We can provide you with professional guidance to relieve some of your stress and allow you to trade confidently.
Why Is Freight Insurance Important?
Any business importing or exporting goods, or transporting goods, to or from the UK could benefit from purchasing cargo insurance, not just to cover potential losses, but also for peace of mind.
Whether your cargo contains raw materials or finished goods, cargo insurance can offer protection.
Such a policy is well-suited to businesses and cargo owners that rely on third-party logistics companies or delivery companies. Your policy may work out cheaper than using the one offered by your freight forwarder.
What Does Freight Insurance Cover?
Freight insurance coverage is designed for clients that transport or store goods on behalf of customers for hire and reward.
Goods in Transit
Provides protection against damage, loss, or theft of goods during transportation, ensuring your cargo is covered, regardless of distance.
Warehouse Risks
Covers goods temporarily stored during shipping, offering peace of mind for potential incidents while goods await the next stage of their journey.
Additional cover can include:
Errors and Omissions
Covering the company’s legal liability to the goods arising from negligent acts, errors or omissions resulting in the company failing partially or totally to fulfil their contractual obligations
Consequential loss
To indemnify the company for legal liability following loss of, destruction or damage to goods in transit
Freight insurance offers various coverage options, letting you customise protection that aligns with your business. This ensures your operations are safeguarded against the inherent uncertainties of the logistics industry.
Customised Solutions for Your Freight Business
At Wentworth Alexander Insurance Brokers, we recognise that every business is unique. Whether you’re a small local operation or a global logistics provider, we offer tailored solutions to meet your needs. Our policies are built to address the complexities of the freight and logistics sector, adapting seamlessly to the demands of your operations and ensuring you have the support you need every step of the way.
Why Choose Wentworth Alexander Insurance Brokers?
With years of experience in the insurance sector, our dedicated team brings in-depth knowledge and a client-centric approach. We focus on:
- In-depth risk assessments to identify vulnerabilities in your supply chain.
- Bespoke policies that evolve with your business.
- Transparent advice to help you navigate your insurance requirements.
- Dedicated support throughout the claims process to minimise disruption to your operations.
Contact us
Get in touch about your insurance
Our team is ready to help you find the right insurance solution. Speak to our specialists today to discuss your insurance needs.
Our team will be happy to help and provide you with the advice you need.
Redlands
Cliftonville
Northampton
NN1 5BE
Freight Insurance Cover FAQs
Is Freight Insurance Mandatory?
Freight insurance isn't mandatory, but is provides a level of protection for your goods and cargo, whether standard goods or high-risk. If anything happens to your goods, you'll be protected against any potential losses, so you can ship goods with full peace of mind.
How Much Does Freight Insurance Cost?
Freight insurance costs can vary depending on your cargo. Plus, at Wentworth Alexander, we create tailored quotes that take all aspects of your business into account, so the price varies from business to business.
How Do I Make A Claim on My Freight Insurance?
If you need to make a claim on your freight insurance, Wentworth Alexander will handle the entire process. Simply notify us, find your documentation, and let us take care of the rest. Learn more about our claims support here.