Cargo insurance
If import, export or transportation of goods both in Lithuania and around the world is an integral part of your company’s activity, or if you intend to transport one or more cargoes, this type of insurance is just for you. Send us a request or contact an ERGO consultant and find out the customised price of cargo insurance price
Cargo insurance for your business
We will compensate the damage if something happens to your cargo. Feel more secure knowing that your company will avoid potential financial loss in case of insured event.
Why to choose ERGO insurance?
Saves money and time
A lot of unexpected situations can occur while transporting cargo. If the cargo is damaged, we will help you to avoid possible financial losses and disputes with business partners and carriers
Guaranteed insurance
Please note that freight forwarders and carriers compensate for the damage caused to the cargo only if their responsibility (guilt) for the damage caused to the cargo is proven. In addition, their liability is limited. Therefore, cargo insurance is a relevant service for those who want to feel confident about their cargo
Payment of additional costs
In case of damage, we will also pay additional costs related to cargo salvage, additional storage or reloading. With cargo insurance, you have less to worry about
What is covered by cargo insurance?
Insured events
With cargo insurance, we cover against:
- theft of cargo;
- damage to or destruction of cargoes.
Theft
In case of a theft risk, coverage is valid in case of loss of an insured cargo due to a theft of the cargo.
Damage or destruction
Coverage is valid in case of:
- vessel carrying cargo hits the bottom or runs aground, capsises, sinks, crashes, collides with other ships or objects, or is damaged by ice;
- in an accident with other vehicles carrying cargo;
- warehouse collapses during intermediate storage;
- fire, lightning, explosion; earthquakes on land and at sea, volcanic eruptions and other natural disasters; the impact or fall of the aircraft, its parts or its cargo;
- thrown overboard or washed away from the deck due to a storm;
- cargo theft;
- completely lost due to damage caused during loading or unloading of the cargo to/from the vehicle;
- in the event of a general emergency.
What is covered by cargo insurance?
With cargo insurance, we cover against:
- theft of cargo;
- damage to or destruction of cargoes.
In case of a theft risk, coverage is valid in case of loss of an insured cargo due to a theft of the cargo.
Coverage is valid in case of:
- vessel carrying cargo hits the bottom or runs aground, capsises, sinks, crashes, collides with other ships or objects, or is damaged by ice;
- in an accident with other vehicles carrying cargo;
- warehouse collapses during intermediate storage;
- fire, lightning, explosion; earthquakes on land and at sea, volcanic eruptions and other natural disasters; the impact or fall of the aircraft, its parts or its cargo;
- thrown overboard or washed away from the deck due to a storm;
- cargo theft;
- completely lost due to damage caused during loading or unloading of the cargo to/from the vehicle;
- in the event of a general emergency.
Cargo insurance options
Cargo insurance options
After assessing the needs of your company, choose the most suitable insurance option:
| Insurance option A | Insurance option B | |
We indemnify losses in the event of loss or damage to the insured cargo incurred due to the events listed below, unless otherwise specified in the contract: - vessel carrying cargo hits the bottom or runs aground, capsises, sinks, crashes, collides with other ships or objects, or is damaged by ice; - in an accident with other vehicles carrying cargo; - warehouse collapses during intermediate storage; - fire, lightning, explosion; earthquakes on land and at sea, volcanic eruptions and other natural disasters; the impact or fall of the aircraft, its parts or its cargo; - thrown overboard or washed away from the deck due to a storm; - cargo theft; - completely lost due to damage caused during loading or unloading of the cargo to/from the vehicle; - in the event of a general emergency. |
v |
v |
| If the insured cargo is lost or damaged, we will indemnify you for all damages, except for the cases specified in Clause 3.3 (“Limitations of Insurance Coverage”) and Clause 4 (“Uninsured Events”) of the Rules, unless otherwise specified in the contract. |
v |
x |
If necessary, the insurance contract can be concluded using the international cargo insurance conditions of the Institute of London Underwriters.
Cargo insurance options
After assessing the needs of your company, choose the most suitable insurance option:
| Insurance option A | Insurance option B | |
We indemnify losses in the event of loss or damage to the insured cargo incurred due to the events listed below, unless otherwise specified in the contract: - vessel carrying cargo hits the bottom or runs aground, capsises, sinks, crashes, collides with other ships or objects, or is damaged by ice; - in an accident with other vehicles carrying cargo; - warehouse collapses during intermediate storage; - fire, lightning, explosion; earthquakes on land and at sea, volcanic eruptions and other natural disasters; the impact or fall of the aircraft, its parts or its cargo; - thrown overboard or washed away from the deck due to a storm; - cargo theft; - completely lost due to damage caused during loading or unloading of the cargo to/from the vehicle; - in the event of a general emergency. |
v |
v |
| If the insured cargo is lost or damaged, we will indemnify you for all damages, except for the cases specified in Clause 3.3 (“Limitations of Insurance Coverage”) and Clause 4 (“Uninsured Events”) of the Rules, unless otherwise specified in the contract. |
v |
x |
If necessary, the insurance contract can be concluded using the international cargo insurance conditions of the Institute of London Underwriters.
20+
countries across the ERGO Group
1200
team members in the Baltics
640 000+
customers in the Baltics
90+
products
Terms and Conditions of Cargo Insurance
Anketa metinei (generalinei) krovinių draudimo sutarčiai sudaryti.doc
Effective as of 2014-08-01
Institute Radioactive Contamination, Chemical, Biological, Bio-chemical and Electromagnetic Weapons Exclusion Clause CL370.pdf
