When is additional transport insurance useful for machinery?
For high-value machinery, additional transport insurance can be useful because statutory liability limits are often not sufficient.
Additional transport insurance can be useful when high-value machinery, sensitive industrial equipment or components that are difficult to replace are transported internationally. In many cases, statutory liability rules do not cover the actual value of the goods or consequential losses.
Especially in project logistics, on long transit routes or with multiple transshipments, the risk of damage, moisture, shifting or delays increases. Insufficient packaging or unclear loading requirements can also become problematic.
GLOBALSPED supports companies in considering transport requirements, packaging, transit time and insurance needs together. Which type of cover is useful depends on goods value, route, packaging, destination country and the specific contractual terms.