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Risks and accidents related to the transport of goods are no longer a problem for companies covered by cargo insurance in Cyprus. The transportation of goods involves significant risks, such as causing damage or loss of cargo. Trust Insurance offers insurance coverage for cargo shipments, allowing shippers to protect their goods in transit. The insurance covers the entire transport of goods from the point of departure to their final destination with complete security. Freight insurance plans are flexible, ideal to meet the needs of any business.
Option of coverage limits depending on the goods transported
Offered on an annual basis for all your transfers but also for one specific transfer
Cargo insurance is for individuals, businesses, importers or exporters involved in transit trade of goods by land, sea, or air. It provides coverage against potential risks and damages that may occur during the shipment process.
Loss or damage to goods during their land transport with closed vehicles of the Insured as a result of:
This is a comprehensive insurance program for goods transported within Cyprus
The coverage is limited to the area of Cyprus under the control of the legitimate government of the Republic of Cyprus or as specified in the Policy.
The start and end of coverage is specified in the Table of the Insurance Policy. The duration of the insurance policy is 12 months, unless another insurance period is agreed between the two parties
Freight insurance protects businesses from financial losses due to loss or damage to goods. It compensates you for the insured amount if a covered event occurs, such as a vehicle accident, theft or fire.
Freight insurance is not compulsory in Cyprus, but it is necessary for individuals, importers or exporters of goods or persons engaged in transit trade.
Yes, cargo insurance may cover theft, but it may not cover you for theft that occurred while the vehicle was unattended. Ask your Trust insurance agent for more information.
In case of loss or damage to goods, you must immediately inform your insurance company and provide all necessary documents such as shipping documents, invoices, photographs and any other proof of loss or damage. Contact your Trust Insurance advisors to assist you with the claim process.
The cost of cargo insurance varies depending on factors such as the nature of the goods being transported, their value, mode of transport used, distance traveled, and any additional coverage required. Get in touch with our agents to assist you with any questions you have.