Freight Cover
Cargo Insurance – Instant One-Off Shipment Coverage
The first cargo insurance solution for aircraft parts in transit over land air and sea.

Parts stored or in transit, domestically & internationally

All-risk global cover with full ATA Chapter 100 coverage

Pay-as-you-Go one off cover, or multiple shipments

A-Rated Insurance, dynamically priced with automated claims

“60% of aircraft parts & tools traveling the globe are underinsured or shipped without any cargo insurance at all…”
… Until now! Access cost-effective market leading insurance for domestic and international cargo in minutes – thanks to Flycovr’s digital-first approach.
Flycovr
Who is Cargo Insurance For?

Aircraft Lessors

Original Equipment Manufacturers (OEM’s)

E-Commerce & Trade Platforms

Aftermarket Service Providers

Commercial Airline Operators

Freight Forwarders & Logistics Providers
1. Instant Cargo Insurance
Available Instantly, simply purchase pay-as-you-go transit insurance from anywhere, anytime through Flycovr.
Time to Quote: 45 Seconds
Coverage Limit: $2 million



2. Major Assets
Major Assets such as Engines, can be insured via Flycovr. Over Land, Air or Sea, we just need a little more information.
Time to Quote: 2 Hours
Coverage Limit $10 million



3. Multiple Shipments
Have a schedule of shipments from a breakdown project? You can fulfill your full schedule of part shipments over multiple journeys with one insurance policy.
Time to Quote: 5 minutes
Coverage Limit: $10 million



4. Transit and Stock Throughput
Shipping domestically and internationally, whilst also storing cargo in between destinations – Flycovr can access insurance to cover locations and goods in transit.
Time to Quote: 5 minutes
Coverage Limit: $10 million per location and goods in transit



Flycovr instant cargo insurance
What Can be Insured?
01/
Consumables

02/
Expendables

03/
Rotables

04/
Major Assets


Flycovr
Supply Logistics Insurance
Shipping cargo all over the globe is generally safe. Millions of tonnes of freight travels all over the world every day, so it’s no wonder that every now and then unforeseen circumstances occur during the transport of cargo, loss and damage that could unfortunately have rather extreme financial consequences.
Outsourcing the transportation of goods to a professional carrier or forwarder is often the only way to send goods from one country to another, but it is not always the case that the carrier is liable for any damage or loss.
Without proper cargo insurance in place, when these unfortunate events occur, the loss of revenue can be devastating; and without compensation or explanation, clients are likely to lose confidence in your services, and it wasn’t even your fault!
We at Flycovr want you to be as informed as possible about the risks and fundamental concepts surrounding cargo freight insurance. Discover when and why you need cargo insurance, the different types of insurance available, and how to make a claim should anything happen to your cargo in transit.
Why Choose Cargo Insurance through Flycovr?
Integrate global aviation supply chain insurance into your platform or sales funnel.

Great coverage

Financial protection

Simple claims process

Ultimate control over your cargo

More than anything, it provides a shield against unforeseen happenings, and peace of mind that your valuable cargo is protected at every step of its journey. With insurance in place you know that if anything should occur, you will be able to recover the value of your goods, ensuring bad luck doesn’t become a disaster. Over and above this, it also ensures you don’t discredit your business reputation or miss vital contractual obligations.
To fully understand cargo insurance we have created this page where you can find:

The difference between cargo insurance and cargo liability insurance

The different types of cargo insurance

How to make a claim

The costs of cargo insurance
What Does Cargo Insurance Cover?
Our cargo insurance gives you:

Full ATA Chapter coverage

Door-to-Door insurance

Transit via Land, Air or Sea

Any aircraft parts insured instantly up to $2million

All high valued assets such as engines insured

All-Risk insurance
Standard carriers (FedEx, etc) don’t include protections against events such as acts of God, bad weather, and employee theft — we do.
We provide door-to-door protection from physical loss and damage. This includes general average, loading/unloading damage, and civil commotion risks.

Flycovr cargo insurance
What Does It Cover?
01/
Full ATA Chapter & Incoterm Coverage

02/
Door-to-Door Protection (DDP)

03/
Transit via Land, Air or Sea

04/
Any Aircraft Parts Instantly Up to $2million

05/
All High Valued Assets Such as Engines

06/
All-Risk Not Covered by Standard Carriers (FedEx etc)

07/
Physical Loss or Damage

08/
Loading and Unloading Damage

09/
Acts of God & Civil Commotion Risks

010/
Employee Theft

What is included?
The Three Main Things Your Cargo Insurance Covers:

Physical damage
Valid damage claims need to be noted on the proof of delivery (POD), bill of lading (BOL) , or on official paperwork. Physical damage includes scratches, dents, breakage, and spoilage. Water damage is also often a common culprit for damaging marine cargo.

Theft and loss
Whether your cargo has been stolen or is merely labelled as “missing”, you can still claim for the value of the goods back on your insurance. As with damage, you will need to provide evidence in the form of a BOL or POD which list the goods as stolen/missing.

Delays
Transit delays are a massive risk when it comes to the international shipping of goods; often cargo needs to be at a certain place at a certain time and even a delay of only a few hours can have adverse effects, especially with perishable cargo.
Your cargo insurance covers all of these during the transit, international and domestic, of your goods. At Flycovr we pride ourselves on giving you best options and maximum flexibility when it comes to your specific cargo insurance needs; get in touch to discuss your specific needs and we can give you a quote that reflects the coverage for only the aspects you desire. You can also simply choose from one of our policies that best fit your circumstances.
Get Started Today with Flycovr
Rate-saving excellence from the worlds top aviation insurers.
When Do You Need Cargo Insurance?
Cargo insurance can be added to every shipment for a fraction of the price – often as little as 0.01% of the shipment value. This figure is insured to full invoice value, so it is an absolute no-brainer. Cargo insurance protects your cash flow and stock like nothing else.
We are slightly biased in this regard, and would recommend that anyone involved in the transit of high value goods has cargo insurance for those goods, it just makes sense.
As a simple way of thinking about it, if your cargo is of higher value than the maximum amount your freight forwarder is liable for, you need cargo insurance.
It is also worth noting that many times cargo insurance is legally required, especially for high value items. It also gives you and your clients peace of mind for the goods. The consequences of experiencing the loss or damage of high valued cargo without insurance isn’t worth considering, because it will be disastrous for your business financially.
Removing liability and risk is huge for aviation businesses.
Types of Cargo Insurance:
There are many different types of insurance you are liable to run across when selecting your own. Even though they have different names it is important to note that they are all one and the same thing, policies to cover your goods during transit, the names are merely terminology.
Marine cargo insurance
Also known as marine freight insurance, if shipping by sea, this is what you’ll need to protect your cargo. The main danger with shipping by sea is the water damage that can occur to cargo. If you are sending precision-engineered equipment of high monetary value, the last thing you need is for it to be damaged by salt water!
Travel on the ocean is also perilous at times. Marine cargo insurance protects your goods if they are damaged by the pitch and roll of the vessel in stormy seas.
Air cargo insurance
Also known as air shipping insurance or air freight insurance, many air freight companies will offer some form of cargo liability insurance although this is usually limited in its coverage. Protects good from damage, loss, or delays while travelling by air.
Land cargo coverage
As the name implies, road cargo insurance protects your valuables while they travel over land. As above, this covers your goods from damage, loss, theft, and delays. Specific examples of this to truck freight would be traffic collisions and higher susceptibility to theft.
Cargo transit insurance
This is just another way of saying either land, sea, and air insurance and encompasses all of these. It is the general catch-all term for moving goods by freight and insuring them.
All-risk coverage
The most comprehensive type of cargo insurance you can get. All-risk covers all physical loss and damage from external sources. This type of insurance is ideal for the protection of high-value items, especially if their internal functions are delicate.
Total loss only
When using low-risk shipping routes or low-value cargo, this is the best type of insurance to opt for. Total loss covers you from losing an entire shipment but doesn’t cover things like minor damage.
Single shipment insurance
This policy, sometimes called a voyage policy, covers one specific shipment only. Ideal for those who ship goods infrequently.
Named and specific perils
if you’re aware of specific risks that may befall your cargo you can go for a named peril policy. These customised policies allow you to insure against only those specific dangers that may occur to your goods during transit. A named policy doesn’t come without risks; it may be more cost-effective but if something happens that isn’t covered you’ll be out of luck.
Specific perils insurance covers unique circumstances that could occur which lead to damage of goods. This type of insurance is good to use if you are sending goods through high-risk locations or during adverse political times.
Terminology
Interchangeable Phrases
It’s important to note that many phrases within the cargo insurance industry are used interchangeably, meaning that the same phrases can be used for different things.. confusing we know, but there is one important distinction you should be aware of, and that is the difference between cargo insurance and freight insurance.
We supply separate products for Freight Delays but freight insurance and cargo insurance can, and sometimes does, mean exactly the same thing. In many instances it depends on the policy provider and how they have decided to describe their specific policies.
Cargo insurance is what we’re interested in, and is used by businesses needing to ship goods by freight.

Is the standard cover enough?
The Difference Between Cargo Liability Insurance and Cargo Insurance
There is also carrier liability insurance. Carrier liability insurance is a standard type of insurance offered by most carriers but is often limited by international conventions and contract agreements, limiting the amount a carrier is liable for by weight or by package rather than by the actual value of the goods being delivered.
Carrier liability offers the most basic level of protection from damage, loss, and theft and is by no means as comprehensive as cargo insurance.
There are many flaws to carrier liability insurance which make it inferior to cargo insurance.

Not all risk – doesn’t include door-to-door

Done by weight so only covers a fraction of the shipment price

Not specific for aircraft parts

Not door-to-door so doesn’t cover loading and unloading of vehicles

Extensive exclusions in smallprint

Value limitations
Data driven pricing
What is the Cost of Cargo Insurance?
All our pricing is dynamically costed using A.I. and is the cheapest on the market. Often 80% cheaper than standard insurers! This is done digitally and instantly. It can range but you will generally see pricing from 0.01% to 0.85% of the shipment value.
The main thing that determines the different rates you are quoted is the method of travel. Another important factor is the type of commodity being shipped.
As a guide to the premiums you can expect, here is a table created by freight insurance coverage which shows $1 million dollar cargo insurance cost, with each shipment valued at 1 million dollars for the purposes of illustration.
Based on industry averages, it gives you a good idea of what to expect, even though the figures for you will be different than those listed above. In general, cargo insurance premiums usually range from 0.1% to 2% of the cargo’s value.
Other factors affecting the price are shipping routes that go through high-risk areas and the general condition of the financial market.
What Doesn’t Cargo Insurance Cover?
A number of things are excluded from cargo insurance cover, these include:
- Inadequate packaging – if goods, cargo, or equipment are improperly packaged and are damaged as a result it is not covered by cargo insurance.
- Flawed products – if products are defective in and of themselves before transit, they won’t be covered.
- Pre-existing conditions – any product which has been damaged before transit isn’t covered.
- War and terror attacks – unforeseen circumstances such as these that occur during transit and then cause damage or theft are usually not covered.
Flycovr also has a list of excluded commodities; these include:
- Bulk liquids
- Cash & financial instruments
- Household goods
- Life science materials
- Live animals or plants
- Luxury goods
- Pharmaceuticals
- Tech goods
- Other hazardous substances – nuclear fuel, explosives, firearms, etc
For a full list of our excluded commodities, take a look here.

Access cargo cover instantly today

Cover Air, Land or Sea through Flycovr

No paperwork, just insurance and ship

A-rated insurance and automated claims
How to
How Do You Make a Cargo Insurance Claim?
Our claim process is instant and the fastest on the market. We provide automated claims, entirely online. We pride ourselves on reaching the payment target and invoicing full value within 72 hours.
Using our intuitive online system, you can initiate the claims process wherever you are, using your phone or on a desktop.
After following our comprehensive prompts, adding in all the information needed, you can review your claim fully before hitting the submit button.
It’s as easy as that!
Industry terminology
Cargo Insurance Definitions
Here are some basic terms that will run into often in the cargo insurance industry; you will likely hear these terms many times on the road to your insurance policy decision.
Bill of lading (BOL) – this document shows that your goods have been received by the carrier and are being transported. Because a BOL provides important information about the shipment, it is a legally binding document.
Freight forwarder – they handle the details of shipping goods, coordinating and organising shipments on behalf of the shipper. They will arrange the storing of goods and work to ensure shipments make it through customs.
Consignee – often used to describe the buyer of goods. Could also be a freight broker or even the receiving location.
General average – a principle of maritime law stating that the costs of any losses during a sea voyage must be shared across all stakeholders.
Letter of indemnity – a legal document, this letter assures the other party that they won’t have a financial loss but only if the terms in the document are followed.
Conclusion
A Reputational & Financial Shield
Making sure your cargo arrives safe and sound at its destination is all important. With cargo insurance you protect your goods while in transit, ensuring you don’t suffer unneeded financial hardship from a lost or damaged shipment whether it’s international or domestic.
The proper cargo insurance helps you to mitigate the risk of sending shipments overseas and in the long run could benefit your business enormously. Shield yourself from reputational and financial harm with the right cargo insurance policy.

If you want to discuss your specific needs further, give us a call or get in contact online; we’ll be happy to go through all of your options and customise the right policy for your needs.

Flycovr aviation liability insurance

Airside liability coverage
All-risk shipment coverage quotes in seconds.
All-Risk Global Cargo Cover
A-rated insurance solutions meticulously crafted by aviation experts exclusively for the aviation industry.

A-Rated all risk quotes in 60 seconds

Only pay for exactly what you need.

Protect stock & freight over land, air or sea

Full invoice settlement in 72 hours or less
