July 5, 2025
admin

Is it worth getting cargo insurance for your imports?

When it comes to international trade, there are many variables beyond your control: weather conditions, accidents during transit, loading or unloading errors, and even theft. That’s why getting cargo insurance is not an extra expense—it’s an investment in peace of mind.

At Grupo ICL, we explain why it’s essential to protect your cargo from origin to destination.

What is cargo insurance?

It’s a policy that protects the total or partial value of your shipment against damage, loss, or theft during international transport—whether by sea, land, or air.

Useful tip: In most Incoterms, insurance is the buyer’s (importer’s) responsibility, especially when using terms like FOB or EXW.

Common risks without insurance

  • Breakage during loading and unloading
  • Damage caused by moisture or container leaks
  • Total loss due to shipwreck or land accident
  • Partial or total theft in transit
  • Delays not covered by the supplier

Sometimes cargo arrives damaged or incomplete, and without insurance, there’s no way to file a claim.

Benefits of getting insurance

  1. Financial protection:
    You recover the value of the goods in case of an incident.
  2. Greater control:
    You can define the type of coverage you need based on your product.
  3. Confidence in the face of the unexpected:
    Insurance provides real support, even in unforeseen events.
  4. Required by some banks or clients:
    In operations involving financing or international contracts, insurance may be mandatory.

Most common types of insurance for imports

  • All-risk insurance: Covers nearly all events, ideal for electronics, machinery, or high-value products.
  • Total loss insurance: More affordable, only applies if the entire cargo is lost.
  • Deductible insurance: More accessible, but you cover part of the incident yourself.

At Grupo ICL, we analyze your product type and help you choose the most cost-effective coverage.

Does Grupo ICL offer insurance?

Yes! We offer insurance integrated into your shipment, quoted per route or by volume, with support from trusted insurers.

✔️ Included in our door-to-door logistics
✔️ Simple documentation
✔️ Preferential rates for frequent clients

Conclusion

Not protecting your cargo is leaving your investment to chance. Cargo insurance not only protects you financially—it gives you peace of mind throughout every step of the logistics process.

Want to get a quote with insurance included?
Contact us. We’ll help you import without risk.

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