fbpx

Compare Insurance Plans
In Minutes, Not Days

Save weeks-worth of hard-work and compare insurance plans side by side in few easy steps

Haul & Freight Insurance

Protection against loss, damage, and delay, as well as liability.

bg
Insurance Solutions » General Insurance » Haul & Freight insurance

What is Haulage and Freight Insurance?

Haulage and freight insurance are types of insurance policies that cover goods or cargo being transported by road, sea, or air. In Egypt, haulage insurance typically covers goods being transported by road, while freight insurance usually covers goods being transported by sea or air.

Haulage insurance in Egypt can cover the loss, damage, or theft of goods while they are being transported from one location to another by road. This insurance may also cover the liability of the haulier in case of damage to third-party property or injury to third parties caused by the goods being transported.

In Egypt, there are several insurance companies that offer haulage and freight insurance policies. Some of the major insurance companies that provide these types of insurance include:

  • Misr Insurance Company
  • Arab Misr Insurance Group (AMIG)
  • Egyptian Takaful Insurance Company
  • Allianz Egypt
  • AXA Egypt

Types of Haulage and Freight Insurance

Marine Cargo Insurance

This type of insurance covers goods being transported by sea against loss or damage caused by perils such as storms, sinking, collision, piracy, and theft.

Inland Transit Insurance

This policy covers goods being transported by land, including road, rail, or inland waterways, against loss or damage caused by accidents, theft, or other risks.

All Risks Insurance

This policy covers goods against all risks of physical loss or damage, except for those specifically excluded in the policy.

Liability Insurance

This type of policy covers the liability of the haulier or freight forwarder for loss or damage to the goods being transported, as well as for third-party liability arising from the transport operation.

Freight Forwarder Liability Insurance

This type of policy covers the liability of freight forwarders for loss or damage to the goods being transported, as well as for third-party liability arising from the transport operation.

Warehouse-to-Warehouse Insurance

This type of policy covers goods from the moment they are loaded onto the transport vehicle until they reach the final destination, including any storage or warehousing in between.

Benefits of Haulage and Freight Insurance

Financial Protection

Haulage and freight insurance can protect businesses from financial losses due to damage or loss of goods during transportation. This can help businesses avoid financial strain and disruption to their operations.

Compliance with Regulations

Many countries, including Egypt, require businesses involved in transportation to have certain types of insurance coverage. Having haulage and freight insurance can help businesses comply with these regulations.

Customer Confidence

Having haulage and freight insurance can help build customer confidence in the business, as it shows that the business takes the protection of their goods seriously.

Competitive Advantage

Businesses with comprehensive insurance coverage may have a competitive advantage over those that do not, as they can offer greater peace of mind to their customers and may be perceived as more reliable.

Risk Management

Haulage and freight insurance can help businesses manage the risks associated with transportation, including the risks of accidents, theft, and natural disasters.

Peace of Mind

Haulage and freight insurance can provide business owners with peace of mind knowing that their goods are protected during transportation. This can allow them to focus on other aspects of their business.

FAQ

FAQ

The coverage provided by haulage and freight insurance can vary depending on the policy and the insurance provider. Typically, it covers loss or damage to the goods during transportation, as well as liability for third-party damage or injury. It may also cover risks such as theft, fire, and natural disasters.

It depends on the nature of your business and the goods you transport. However, many countries, including Egypt, have regulations that require businesses involved in transportation to have certain types of insurance coverage. It is recommended that you consult with an insurance broker or agent to determine the appropriate insurance coverage for your business.

The cost of haulage and freight insurance can vary depending on a range of factors, including the nature of the goods being transported, the mode of transportation, the distance and route of the transport, and the level of coverage required. It is recommended that you obtain quotes from multiple insurance providers and compare the coverage and costs before selecting a policy.

When selecting a haulage and freight insurance provider in Egypt, it is important to consider factors such as the provider’s reputation, experience in the industry, the level of coverage provided, and the cost of the policy. It is recommended that you review the policy terms and conditions carefully before selecting a suitable insurance provider.

Yes, you can often add additional coverage to your haulage and freight insurance policy, depending on the insurance provider and the policy terms. Examples of additional coverage may include coverage for perishable goods, hazardous materials, or high-value items. It is recommended that you consult with your insurance provider to determine the appropriate additional coverage for your business.

The claims process for haulage and freight insurance typically involves notifying the insurance provider of the loss or damage, providing evidence of the loss or damage, and submitting a claim form. The insurance provider will then investigate the claim and determine the appropriate compensation to be paid.

The payout for a haulage and freight insurance claim depends on the level of coverage provided by the policy and the extent of the loss or damage. It is recommended that you review the policy terms and conditions carefully before selecting a policy to ensure that it provides adequate coverage for your business.

Yes, you can typically cancel your haulage and freight insurance policy, although you may be subject to cancellation fees or penalties depending on the terms of the policy. It is recommended that you review the policy terms and conditions carefully before selecting a policy to ensure that you are aware of any cancellation fees or penalties.

There are several ways to reduce the cost of haulage and freight insurance for your business, including increasing your deductible, choosing a policy with lower coverage limits, or bundling your insurance policies with a single provider. It is recommended that you consult with an insurance broker or agent to determine the appropriate cost-saving strategies for your business.

Stay Protected From The Unexpected

Why Choose Haul & Freight Insurance For Your Business?

Haul & Freight Insurance protects your business in the event that your shipment is lost, damaged, or delayed. It can also protect you from liability in the event that your shipment causes damage to another person or property

Freight insurance covers the value of goods being transported

Haul/Freight insurance protects you during all phases of the shipment, including loading, transit, and unloading

Freight insurance provides coverage for both domestic and international shipments

Confidence
Insurance Headache
Say Goodbye To Insurance Headache With Wisely Insure

We’ll help you renew your current plan or find you a better one that suits your needs