- Email charter@asacaviationgroup.com
- Phone +254 735 87 00 87
- Visit Cargo Terminal JKIA, KENYA
If you ship freight by air carrier around the world, then you could benefit from purchasing international air cargo insurance through our CargoGuard policy. International air cargo insurance is a type of marine insurance coverage that covers loss of property in the course of transit through the use of an air carrier. Also known as air shipping insurance or air freight insurance, this insurance provides coverage for your goods during the course of transit from origin to destination. Air cargo insurance is available from port-to-port and from door-to-door.
To protect your precious air cargo against All Risks of physical loss or damage, consider purchasing third-party shipping insurance from CargoGuard. With CargoGuard, air freight insurance is All Risk which is the broadest freight insurance coverage available. A full-risk cargo insurance policy, like one from ASAC Aviation Partners, provides you with worldwide coverage regardless of the transportation carrier or shipping mode. In the event something happens, you are reimbursed up to the invoice value of your goods, plus freight costs. Even better, there is no need to prove fault or liability on the part of the carrier. Coverage is provided from the time your goods take off, to the time they reach their destination.
Whether you’re shipping heavy equipment or fresh goods, air cargo insurance coverage will provide you with real protection. Many shipping policies have fixed insurance rates, but air cargo insurance rates may be calculated based on the value of your goods and unique coverage needs. Your cargo insurance policy is essentially built for you, optimizing your coverage in our increasingly complex global supply chain.
There is no one cargo insurance rate that fits all. This is the beauty of your coverage, as it’s tailored to meet the unique needs of your business. While things like limits of liability, location, and business age may influence the cost of insurance coverage, there are three dominant factors driving your cargo insurance premium. For more information on how purchasing international air cargo insurance from ASAC Aviation ,kindly contact us today Email: reservation@asacaviationgroup.com
Think of it this way: the more expensive the goods, the more complex the cargo insurance. High-risk commodities are more vulnerable to theft and susceptible to breakage or perishability during transportation. Low-risk commodities typically include more durable goods that are less prone to loss. Your cargo insurance premium is heavily dependent on the level of risk associated with the transportation of your goods.
Consider this the partnership aspect of insurance, where you and your insurance provider agree to share the financial risks associated with shipping your goods. You are still responsible for a portion of loss. However, your insurance provider steps in to cover the remaining cost and essentially makes you whole again. Keep in mind, a higher deductible means a lower insurance rate. How much you pay out of pocket to cover your risk is another key component driving your cargo insurance rate.
Additional coverage is the custom tailored part of insurance. Like a fine suit, a cargo insurance policy may be tailored to fit a customer’s specific needs. Are you shipping perishable and time-sensitive goods, like food or pharmaceuticals? What about additional coverage for storage while your goods are in transit? Your cargo insurance is tailored based on your unique coverage needs, making it another driving factor of your cargo insurance premium.
Risk exists in the supply chain whether we want it to or not. Although a cargo insurance premium may seem cost prohibitive, it’s an excellent way to protect yourself against unavoidable risks in the supply chain. Unlike a detrimental loss a business may be unprepared for, cargo insurance can be incorporated into a business plan. Whether it’s the type of commodity you are shipping, the deductible, or additional coverage, your premium is built to protect the growth and profit of your business. Drive your cargo insurance with the coverage you need and manage your risk in the global supply chain with confidence.
Insurance is underwritten by an authorized insurance company and issued through licensed insurance producers affiliated with ASAC Aviation Insurance Agency, Inc. and other affiliated insurance agencies. ASAC Aviation Insurance Agency, Inc. and its licensed affiliates are wholly owned subsidiaries of ASAC Aviation Group. The insurance company, ASAC Aviation Insurance Agency, Inc. and its licensed affiliates reserve the right to change or cancel the insurance coverage at any time. The insurance is governed by the terms, conditions, limitations and exclusions set forth in the applicable insurance policy and no warranty, guarantee, or representation, either express or implied, is made as to the correctness or sufficiency of any information contained herein. Insurance coverage is not available in all jurisdictions.