No matter how small the risk, being prepared for the unexpected is always smart.

Even the most well-planned logistics can face unforeseen issues. While it’s unlikely anything will go wrong, having a back-up plan is essential. For transportation, this means opting for freight insurance.

At Shamick Transport, all loads are covered by our Goods in Transit Insurance, with the option to purchase additional coverage for extra protection.

If you're still weighing the benefits of freight insurance, check out the detailed guide below.

What Is Freight Insurance?

Freight insurance protects your cargo against loss, damage, or theft during transportation, ensuring you're financially covered if something goes wrong.

Your insurance coverage can reimburse you partially or fully for any freight loss or damage during transit.

The best strategy is to partner with a reliable haulage provider. However, freight insurance offers that extra layer of peace of mind.

Who Should Buy Freight Insurance?

Freight insurance is ideal for businesses that ship frequently, over long distances, or transport high-value goods and equipment.

Small to medium-sized e-commerce businesses and manufacturers of expensive equipment can greatly benefit from comprehensive freight insurance coverage.

Although it's not legally required, freight insurance is a smart investment for many businesses, providing essential protection without high costs.

What Types of Freight Insurance Are Available?

The type of freight insurance you need depends on your specific coverage requirements.

Work with your haulage provider to tailor your insurance policy, ensuring it covers the necessary risks while protecting your cargo and business.

Freight insurance can include coverage for commercial vehicle liability, professional liability, abandoned cargo, and more.

How Much Does Freight Insurance Cost?

The cost of freight insurance varies based on factors like the type of freight, shipping distance, frequency, and the value of your goods.

The value of your goods, typically based on their commercial invoice, will influence your insurance cost as it reflects the amount you're insuring.

Which Insurance Company Should I Choose?

When selecting freight insurance, consider that coverage usually protects against external factors beyond professional control, such as theft or damage during transit. It may not cover issues like poor freight loading.

Along with choosing the right insurance, select a reliable haulage provider for the best service. Contact Shamick Transport today to learn more about our freight services and insurance options.