We take the complexity and risk out of shipping. Let us prepare and protect you for when a loss occurs. As the world economy continues to expand, so does the volume and complexity of international cargo shipments. Worldwide Ocean & Air Shipping Lines offers a comprehensive range of products specifically designed to meet the changing needs of today’s sophisticated cargo shippers. Worldwide Ocean & Air Shipping Lines through its underwriters obtain coverage for your shipments in a prompt manner anywhere in the world and guide you through the process of understanding and purchasing insurance.
Cargo Insurance for Marine, Air, and Ground Transportation. As one of the world’s largest logistic companies with many contacts in the insurance market, we can offer a wide range of insurance solutions that best fits your transportation needs.
Open Cargo Insurance is an all-risk cargo policy which is the broadest form of shipping insurance. An open cargo policy automatically insures your company’s shipments on set terms, conditions and rates without the need to contact your insurance brokers or transportation carriers each time that your cargo is moved
Warehouse Insurance covers your goods during storage. An open cargo insurance policy can extend to goods stored during the normal course of transit. High-limit specific warehouse coverage may be added, as well, which can include flood, windstorm or earthquake coverage, as required
Domestic Transportation Insurance will cover your international trade goods as they move within a single country. Domestic transit coverage can be added to cover all shipments within each individual country, whether by motor truck, rail, aircraft, barge or package service
Why choose Worldwide Ocean & Air Shipping Lines for your insurance needs?:
Your cargo is even more secure with policies underwritten by top-rated international insurance carriers.
We offer broader coverage at lower rates than broker-issued policies due to our global purchasing power.
As one of the world’s top logistics providers, our volume allows us to arrange coverage that is not otherwise offered
In the event of a claim for loss or damage, our Claims Solutions experts work as a liaison between you and the insurance company. You’ll save time and money, and our experts can assist in recovering your claim
Our cargo insurance / freight insurance policies can be customized based on your individual needs and we can offer you an affordable policy that will mitigate potentially large financial losses in the event you suffer a loss or damage
We’ve got you covered, whether you are a one-time shipper or a large multinational with a complex supply chains
Frequently Asked Questions
What is cargo insurance / freight insurance?
Cargo insurance provides protection against all risks of physical loss or damage to freight from any external cause during shipping, whether by land, sea or air.
How much is cargo insurance / freight insurance?
Insurance is a variable based cost, dependent on the type of insurance, exposure, and limit required.
How much cargo insurance do I need?
It is recommended that a shipper take out cargo insurance for the full value of their goods plus the freight. This ensures they are fully indemnified in the event of a claim.
How long is the claim process for transit cargo insurance (ie. Marine/Ocean)?
Typically it takes three to four weeks. The faster an insurer receives all relative claim documentation, the faster a claim can be settled.