What are the benefits of cargo insurance The difference between cargo insurance and freight insuranc

There are many types of coverage: loss of goods, theft, packaging damage, etc.

In the event of an accident with the goods, compensation can be obtained.

Cargo insurance, also known as freight insurance, is to take the goods in transit as the subject of insurance, and the insurer is stupid by natural disasters.

and liability insurance for damage to goods caused by accidents. It is a kind of cargo insurance protection provided for commodities in circulation.

Cargo transportation insurance (referred to as cargo escort insurance) is a kind of cargo insurance protection provided for commodities in circulation. This type of cargo insurance is introduced to enable the goods in transit to be financially compensated for the losses caused by natural disasters or accidents within the scope of insurance coverage during water, rail, road and combined transportation.

And strengthen the safety and loss prevention of cargo transportation, so as to facilitate the production of goods and the circulation of goods.

The official website shall prevail.

1. Freight insurance can be included in the transportation cost account, but also in the sales expense account, the specific situation is analyzed as follows:

1) If the enterprise belongs to the transportation industry, it will be included in the transportation cost account when freight insurance occurs, and the entries are as follows:

Borrow: main business cost - transportation cost - freight insurance.

Credit: Bank deposits.

2) If it is a freight insurance incurred by a general enterprise, it will be included in the sales expense account, and the entries are as follows:

Borrow: Selling Expenses - Freight Insurance.

Credit: Bank Deposit Cash.

2. Cargo transportation insurance (referred to as freight insurance) is a kind of cargo slag disturbance insurance provided for commodities in circulation. The purpose of this kind of freight insurance is to enable the goods in transit to be economically compensated for the losses caused by natural disasters or accidents within the scope of insurance liability in the process of waterway, railway, highway and combined transportation, and to strengthen the safety and loss prevention of cargo transportation, so as to facilitate the production of commodities and the circulation of commodities.

Freight insurance can transfer the risks that may be encountered in the process of transporting goods to the outside world and reduce the losses of both parties. Freight insurance is an insurance business in which the goods in the process of transportation are taken as the subject matter, and the insurer shall make economic compensation for the losses of the insured subject matter within the agreed scope during transportation under the premise that the insured has paid a certain premium.

Extended Information:1Cargo transportation insurance is insurance that takes all kinds of goods in the process of transportation as the subject of insurance.

Underwriting Methods Generally Divided into Direct Business and ** Business Quick Navigation Characteristics Importance Involving Loss Insurance Guide Rate Determination of Deductible Conditions Issuing Policy Appointment Insurance Money-saving Methods Insurance Introduction The underwriting methods of cargo transportation insurance business are generally divided into direct business and ** business. Direct business refers to the underwriting method in which the insurance company directly accepts the policyholder's insurance and directly concludes an insurance contract. According to the different forms of insurance contracts, direct business is divided into case-by-case signing business and appointment unified insurance business.

2.Business refers to the insurance business entrusted by the insurer to the agency. Generally, the first business of freight insurance is only underwritten by the first institution on behalf of the insurer, that is, the signing business is completed.

Compensation for damage to goods in transit must be insured by an insurance company. Depending on the terms, the insured may be the seller or the buyer. Due to the different types of insurance, the insurance rates are different, and the scope of compensation is also different.

Therefore, the foreign trade company should decide which insurance is more reasonable according to the nature of the export goods, different means of transportation, the distance of the distance, the change of seasonal weather, and the specific situation of the country of arrival at that time.

3.In the world, cargo transportation and cargo transportation insurance are two important, problem-prone links, in the face of fierce competition in the face of big waves, how to avoid risks, win in the market wave of opportunities and risks, this is undoubtedly a problem that every logistics company must face to solve. "Almost every logistics company has carefully observed the damage to the goods and lost money to customers, but it is just a little different!

A business leader sighed. The actual operation of the modern logistics industry, there are many value-added services, many first-class chain factors, and the quality is difficult to control, so the operational risk is large, and this risk has been greatly different from the risk faced by the traditional freight industry. With the rise of the modern logistics industry, third-party logistics companies are taking more and more risks while providing customers with more and more convenient integrated logistics services.

At any time, the shipper may file a claim for damage, brutal loading and unloading, delayed delivery, theft, loss, deterioration and other risks may occur.

Hello! If you want to purchase cargo insurance, you will need to provide:

1. You can also fill in the relevant information according to the insurance policy provided by the insurance company.

2. Commercial invoice (i.e. the value of the goods).

3. If you do a letter of credit, you should also provide the terms of the letter of credit related to insurance.

4. The beneficiary (i.e., the insured) should also be provided. Generally, the consignor or consignee, the third party must have the right to dispose of or own the goods, and can also be the beneficiary, but the logistics company can never be the beneficiary. In addition, insurance policies can be endorsed and transferred.

According to international practice, the insured amount should be added to the value of the goods by 10%, that is, the insured amount = the value of the goods.

The insurance amount can also be matched to the value of the goods, and the actual value of the goods shall prevail.

In addition, it should be noted that before you can know the exact information (such as the date of departure), you must pre-insure in advance. The insurance policy is in effect from the beginning of the pre-insurance, so that losses can be avoided and no compensation can be obtained.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

Cargo transportation insurance has the following advantages and disadvantages:

Advantages: 1. It can timely compensate the goods in transit due to natural disasters.

The economic losses suffered by the accident are conducive to the smooth production and circulation of goods;

2. It can turn uncertain disaster losses into fixed transportation insurance premiums, and include this cost in production or operating costs.

So as to enhance the financial stability of enterprise operation and improve the economic accounting system;

3. It is conducive to promoting the safety and loss prevention of cargo transportation;

4. It is beneficial to improve the transportation responsibility system of the transportation department, protect the interests of cargo owners, and reduce compensation disputes in cargo transportation;

5. In addition to the above functions, cargo transportation insurance is also conducive to maintaining the credibility of enterprises and countries in foreign affairs, increasing foreign exchange income and saving foreign exchange expenditures.

Disadvantages: 1. The insured is easy to change, which may cause accidents;

2. The insured goods will have differences in different places;

3. Some types of insurance do not compensate for the loss of a single bird, and some types of insurance do not pay for part of the loss.

Test your anti-risk index, experts will interpret it for you for free!

Hello! Let's talk about the concept of freight insurance first: cargo transportation insurance is an insurance that takes the goods in transit as the subject of insurance, and the insurer is responsible for the liability for the loss of goods caused by natural disasters and accidents.

Freight insurance is a kind of property insurance, for the circulation of goods, risks everywhere, such as, natural disasters, accidents, etc., once the goods are damaged due to accidents, for the owner (may be the buyer, may also be the buyer) is not a small economic loss. Therefore, by purchasing freight insurance, the risk can be transferred to the insurance company, and the insurance company will charge a small amount of premium to cover the risk of the goods during transportation, and once the coverage content that is consistent with the policy underwriting conditions occurs, compensation can be made.

Due to the large number of domestic and import and export commodity circulation, the market demand is increasing, so the premium of freight insurance is also suppressed in the competition, and the rate is generally about a few ten-thousandths. Especially for online insurance, the rate is low, there is no handling fee, and there is a dedicated service.

If you have any questions about cargo insurance, you can always consult a new one-stop cargo insurance specialist.

Cargo transportation insurance refers to the arrival of a shipment of goods from the beginning of loading to the arrival of the destination to get off the car. Premiums are calculated based on different cargo and journeys. If there is any damage to the goods in transit [including traffic accident damage], the insurance company will compensate for it.

The biggest significance is that when there is a significant loss, the risk can be transferred for the cargo owner.

Transportation insurance is based on the property in a state of flux as the subject matter of the insurance (the subject of insurance is also known as "insurance object", "insurance item", "object of insurance protection", which is determined according to the requirements of both parties to the Zen Xun insurance contract. ), including insurance for transported goods and insurance for means of transport. The common feature of this kind of insurance is that the subject matter of insurance is in a state of transportation or often in a state of operation, which is different from the requirement that the subject matter of fire insurance be stored in a fixed place and in a relatively static state, and therefore cannot be tolerated by fire disturbance and disaster insurance.

The content of transportation insurance business, including transportation cargo insurance, motor vehicle insurance, ship insurance, aviation insurance, motorcycle insurance, etc., plays a very important role in the entire property insurance industry.

Freight insurance is insurance that takes all kinds of goods in the process of transportation as the subject of insurance. What do I need to pay attention to when buying cargo insurance? Attention should be paid to the following:

What do I need to pay attention to when buying cargo insurance?

1. Select the terms you want to use.

2. Determine the amount of insurance: import and export freight insurance is generally 10% in accordance with the invoice

3. Rate determination: the insurance company will determine the nature of the insured goods; According to the ship carrying the cargo; Depending on the loading and packing of the covered cargo; According to the voyage of the insured cargo and the management of the port (place) of departure and destination (place); Rates are set according to various conditions such as market competition.

4. Deductible conditions: Set deductible odds according to the nature of the insured goods, packaging, ship, and port management.

5. Issue an insurance policy: The insurance company will prepare a policy according to the above conditions, and issue a policy to the policyholder after the policyholder pays the premium. In particular, if the transportation of goods is arranged under a letter of credit, the insurance company will issue an insurance policy in accordance with the requirements of the letter of credit.

6. Appointment insurance: If there are multiple cargo transportation throughout the year, and the insurance is ready to be insured in the same insurance company, you can choose to use a convenient appointment insurance method. To purchase freight insurance and avoid various risks, it is recommended to choose a professional freight insurance platform: Baoyuntong ().