Expanding to international markets is a huge step up for any business and as such, should be taken with careful and calculated strides. This is especially true when dealing with cargo shipments. If cargo transfers are part of your standard operations, securing transport insurance aka marine cargo insurance is essential for the protection of your loads. Marine cargo insurance, relocation insurance, and different types of overseas shipment insurance policies are unique to other typical policies because international shipments are subject to sets of laws that limit carrier liability to loss and damage. This is exactly why it is critical that you insure a load and secure protection of any type of freight in transit, especially when you are at risk of great loss should something untoward happen to your cargo on its way to its final destination. Here are other reasons why you need to add a policy to your cargo loads every time they leave for overseas shipping:

• Accidents happen. While shipping goods overseas is safer now more than ever, there are still many uncontrollable events that could lead to your freight getting lost or being damaged in transit. Investing in a comprehensive marine cargo insurance policy protects you from these instance.
• Responsibility for the damage or loss is determined by the incoterms established. This can prove quite confusing for novice shippers. Carriers possess limited carrier liability which is a necessary evil for the industry to maintain international trade, but it does shift the responsibility to importers and exporters to control their own insurance. It is also why insuring your load is critical in minimizing the risk of financial loss to your business.
• Marine cargo insurance has a fluid underwriting process. Since marine cargo insurance policies are mostly offered as all-risk covered policies, they can be tailored to protect you from risk exposures that are particular to your type of cargo.

The term general liability insurance can be misleading as many mistakenly assume these policies will automatically cover any and all accidents involving their goods. This however, is rarely the case. In fact, most policies still lay out specific sets of incidents that they do not cover. This is why it is important to consult with moving and cargo related insurance companies like Cargo Cert to make sure that you are fully covered as you insure a load for your standard business operations or when you need business relocation insurance for moving operations overseas.