Shipping goods across the world is inherently risky. Therefore, cargo insurance protects shipments from damages and theft, thereby mitigating unforeseen losses during transit.

The various laws and regulations that govern the loss of goods during transit have resulted in a misunderstanding of the liability in case of an unexpected loss during shipment. It is thus the responsibility of the cargo insurance provider to educate the shipper about key cargo insurance policies and how they can reduce shipping risks.