Cargo & Credit Insurance
Cargo and Credit insurance

Cargo insurance covers goods in transit during land transport as well as transport by sea or by air. It is essential for cargo insurance that a loss is recoverable only by an insured who at the time of the loss has an insurable interest in the goods. The insurable interest or obligation to take out insurance is usually determined by the term of delivery. It is usually underwritten on the Institute Cargo Clauses , with coverage on A, B or C basis.

Credit insurance provides coverage to the insured in the event that their customers fail to pay their trade debts. This can arise because their customers become insolvent or fail to pay within a set time. This would create undue hardship to the insured .