Insights to Help Your Business

How Much Does Cargo Insurance Cost?

Learn the three main factors driving cargo insurance premiums.

Semi-truck at a loading dock with pallets of boxes

What’s the story: Cargo insurance is tailored to meet the unique needs of your business. While things like limits of liability, location, and business age may influence the cost of insurance coverage, there are three dominant factors driving your cargo insurance premium.

Three dominant factors that drive your cargo insurance premium:

1. Commodities: What goods are you shipping?

The more expensive the goods, the more complex the cargo insurance. High-risk commodities are more vulnerable to theft. Your cargo insurance premium is heavily dependent on the level of risk associated with the transportation of your goods.

2. Deductibles: How much are you paying out of pocket?

Consider this the partnership aspect of insurance, where you and your insurance provider agree to share the financial risks associated with shipping your goods. A higher deductible generally means a lower insurance rate.

3. Additional Coverage: What unique coverage does your business need?

From shipping perishable goods to products requiring storage in transit, a cargo insurance policy may be tailored to fit a customer’s specific coverage needs. Complex requirements for your goods will drive up the cost of your premium.

Speak with one of our licensed representatives to learn more about how cargo insurance can protect your business from financial losses.

Additional Resources

Female sitting on a couch with her hands in an open box

Insights to Help Your Business

SMB Shipping Pulse Check Report: How Shipping Experience is Driving CX

Learn how shipping experience is a key component to CX.

Close up of a pharmacist pulling medicine from a pharmacy box

Insights to Help Your Business

eCommerce Healthcare and Delivery: Annual Checkup

Examining the transformative trends shaping the healthcare supply chain in eCommerce.

Female making bead jewelry with tweezers at a desk

Insights to Help Your Business

UPS Capital Unveils How Merchants Can Thrive Amid Surge in Global eCommerce

Use these key insights and solutions to enhance your 2024 shipping experience and equip you with the ability to thrive in the rapidly evolving eCommerce landscape.

Close up of hands holding and placing a shipping label on a box

Insights to Help Your Business

What Is Shipping Insurance?

Find out the benefits for your business.

Female pulling a cream knit scarf out of a box

Insights to Help Your Business

Living Up to Expectations

How a positive shipping experience can support your brand.

Female sitting on a couch with her hands in an open box

Insights to Help Your Business

Personalized Shipping Experiences: The Next Frontier for eCommerce Report

Learn what consumers are looking for in an online experience.

Cargo ship full of shipping containers going through turquoise water

Insights to Help Your Business

Out to Sea

Can your business stay afloat if a container goes overboard?

Hands holding a tablet with a online fashion shop on the screen

Insights to Help Your Business

Make the Most of Discount Holidays

Strategies for SMBs to capitalize on the giving season.

Two packages sitting on a welcome mat in front of a door

Insights to Help Your Business

Protect Shipments from Porch Piracy

InsureShieldTM shipping insurance has got you covered.

Male delivering a box with van doors open showing more boxes

Insights to Help Your Business

2022 Last Mile Report

An exclusive look at same-day delivery risks and rewards.

Male sitting on a couch and using a laptop

Insights to Help Your Business

Stay Ahead of the Claims Game

Time-saving tips for a smooth claims process.

Female sitting on a couch with her hand in an open box

Insights to Help Your Business

Holiday Tips for SMBs

Capitalize on the opportunities of the season.

Female preparing orders for shipment in a clothing store

Insights to Help Your Business

What are Incoterms and Why Do They Matter?

Understand what terms you are agreeing to before finalizing a contract.

Male in an apron holding three boxes and his cell phone

Insights to Help Your Business

Protect Your Greatest Investment

Partner with trusted providers to ensure a better delivery experience.

Female holding her glasses and leaning down to look at her laptop

Insights to Help Your Business

Picture Perfect

An easy guide for submitting photos to support your claim.

Two semi trucks driving down the road.

Insights to Help Your Business

2022 Freight Shipping Survey

Learn about the realities associated with shipping freight straight from the people who do it every day.

Woman putting a label on a box in warehouse

Insights to Help Your Business

2022 State of Shipping Study

Prepare for delivery challenges with UPS Capital’s exclusive report.

Male wearing a mask and using a laptop in a warehouse full of boxes

Insights to Help Your Business

Supply Chain Risk

Leverage these tips to mitigate your risk.

Load More