Cargo Insurance & Risk Protection

Protect your shipments against loss, damage, and unforeseen events. Comprehensive marine and air cargo insurance for peace of mind.

Coverage Options

Insurance Coverage Types

Choose the right level of protection based on your cargo value and risk tolerance.

BASIC

ICC (C)

Institute Cargo Clause C

Minimum coverage for named perils only. Most economical option.

  • Fire & explosion
  • Vessel sinking/stranding
  • Collision
  • General average
  • Theft & pilferage
  • Water damage
RECOMMENDED
STANDARD

ICC (B)

Institute Cargo Clause B

Extended coverage including additional perils. Best value option.

  • All ICC (C) coverage
  • Earthquake & lightning
  • Washing overboard
  • Water entry to vessel
  • Total loss of package
  • Theft & pilferage
COMPREHENSIVE

ICC (A)

Institute Cargo Clause A

All-risk coverage for maximum protection. Premium option.

  • All ICC (B) coverage
  • Theft & pilferage
  • Non-delivery
  • Breakage & denting
  • Contamination
  • All risks of loss/damage
Protection

What's Covered

Comprehensive protection against a wide range of risks during transit.

Fire & Explosion

Protection against fire damage and explosions during transit.

Water Damage

Coverage for flooding, sea water ingress, and weather damage.

Theft & Pilferage

Protection against theft, piracy, and cargo pilferage.

Collision & Accident

Coverage for vehicle collisions and handling accidents.

Natural Disasters

Earthquakes, storms, lightning, and other natural events.

Breakage & Damage

Physical damage, denting, and breakage during handling.

Non-Delivery

Coverage when cargo fails to arrive at destination.

General Average

Contribution to shared losses in maritime emergencies.

Market Insights

Cargo Insurance in 2026

Understanding cargo risks helps you make informed insurance decisions.

$50B
Annual Cargo Losses
30%
Cargo Underinsured
0.5-2%
Typical Premium Rate
Full
Claims Paid Rate

Common Cargo Risks

Piracy & Theft

High-value cargo theft remains a significant risk, especially in certain regions.

Weather Events

Climate change increasing frequency of severe weather affecting shipments.

Handling Damage

Improper handling at ports and during transit causing physical damage.

Container Loss

Over 1,000 containers lost at sea annually due to rough seas and accidents.

Why GTT for Cargo Insurance?

  • Competitive Rates

    Volume discounts and relationships with top insurers for best premiums.

  • Fast Claims Processing

    We assist with documentation and follow up to ensure quick claim settlement.

  • Tailored Coverage

    We recommend the right coverage level based on your cargo and route.

  • Single-Shipment or Annual

    Flexible options from per-shipment policies to annual open covers.

Protect Your Cargo

Get a quick quote for comprehensive cargo insurance coverage.

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