Why Cargo Insurance Is Needed. Nowadays, a cargo container (and its contents) may travel via ship. Shipping companies moving cargo from one port to another need to insure themselves against claims that result from harm to their ship, vessel, cargo, crew or passengers.
The best way that can save the shippers is to opt for. Standard policies that all moving companies need. And these covered events are usually natural disasters, vehicle accidents, cargo abandonment, customs rejection, acts of war, and piracy.