There are many risks associated with doing business in the global marketplace. That’s why appropriate freight insurance is necessary to manage the risk of dealing with foreign transactions and investments.
BGI Worldwide Logistics works closely with underwriters to provide flexible, economical international and domestic cargo insurance rates. Whether you choose our broadest “all-risk” coverage or a tailored insurance policy, you can be sure that we will help you choose the right program to meet your needs. With air, ocean, and truck insurance from BGI, you get the peace of mind knowing that in an unfortunate event, your investment is fully protected.
Carrier’s Standard Cargo Liability Insurance is limited to:
International or domestic air cargo: $20.00 per kilogram
Domestic truck and rail transportation: $0.50 per pound
Ocean freight: $500 per bill of lading
If your shipments exceed the standard cargo liability limit, BGI recommends that you purchase additional insurance coverage known as Shipper’s Interest Coverage for the full value of your shipment.
Talk to BGI about the best insurance options for you and to purchase any needed coverage. It is up to each shipper to request such coverage and declare the value to be covered. You can purchase this coverage from BGI or your own provider.