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Professional analysis of your insurance coverage for all transport modes. Frachtportal ALWAYS recommends transport insurance for optimal protection.
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Important Liability Disclaimer
This calculator provides only a non-binding indication of legal maximum liability amounts. Actual conditions may vary by country, transport service provider and their general terms and conditions. Frachtportal assumes no liability for damages arising from non-insurance of shipments based on this calculation. ALWAYS contact your transport service provider for binding information on liability and insurance coverage.
Always contact your transport service provider for binding information.
Legal maximum liability amounts (may vary):
Sea Freight: 3 CHF/kg or 1000 CHF/package (whichever is higher)
Air Freight: 32 CHF/kg
Road Transport: 12.3 CHF/kg
Frachtportal-Empfehlung
Frachtportal ALWAYS recommends transport insurance - regardless of coverage gap.
Hinweis: Always contact your transport service provider for binding information.
Why always transport insurance?
Fast claims processing
Professional damage prevention
Professional claims management
Comprehensive protection
Additional risks (often NOT covered):
Delay damages
Additional transport costs
Customs duties and fees
Storage costs due to delays
Calculation basis:
Analysis of legal maximum liability according to international standards. IMPORTANT: These may vary from country to country and the general terms and conditions of the transport service provider must also be considered.
Cargo Insurance Calculator – Complete Guide for Exporters
Cargo insurance protects goods during international transport against loss, damage, or theft. Unlike the statutory carrier liability (CMR: max. 8.33 SDR/kg; sea freight: max. 2 SDR/kg), cargo insurance covers the actual value of the goods.
The premium depends on goods value, transport route, type of goods, and the chosen coverage clause. This calculator determines the recommended sum insured, shows the coverage gap from carrier liability, and calculates the annual premium.
ICC Clauses A, B, C – Which Coverage Do I Need?
ICC AAll Risks
Most comprehensive coverage. Covers all risks except explicitly excluded ones (war, strikes available as add-ons). Mandatory for CIP Incoterm since Incoterms 2020. Recommended for high-value or fragile goods.
ICC BExtended Standard Coverage
Covers named risks: fire, explosion, stranding, capsizing, collision, earthquake, flooding, water ingress, theft of whole packages. Not covered: scratches, dents, leakage.
ICC CBasic Coverage
Only serious events: fire, explosion, vessel casualty, general average. No protection against theft or water damage. Was formerly standard under CIF – replaced by ICC A in Incoterms 2020.
Carrier Liability vs. Cargo Insurance – The Difference
Many shippers incorrectly rely on carrier liability. However, it is legally severely limited:
| Transportweg | Haftungslimit |
|---|---|
| Road (CMR) | 8.33 SDR/kg |
| Sea freight (HVR) | 2 SDR/kg or 666.67 SDR/package |
| Air freight (Montreal) | 22 SDR/kg |
1 SDR ≈ CHF 1.47 (varies daily). The difference between actual goods value and the liability limit is the coverage gap – this amount is lost in a claim without insurance.
5 Common Cargo Insurance Mistakes
Relying on carrier liability
Carrier liability in a loss event covers only a fraction of the goods value. For high-value goods, the coverage gap can exceed 90%.
Not supplementing CIF insurance as buyer
CIF only obligates the seller to minimum coverage (ICC C). Buyers must arrange their own all-risks coverage (ICC A), as ICC C excludes many everyday risks.
Insufficient sum insured
The insured value should be 110% of the invoice value (10% for consequential costs like duties, storage, replacement). Underinsurance leads to proportional reductions in claims.
Assuming packaging damage is covered
ICC B and C do not cover damage from inadequate packaging. Even ICC A excludes damage from improper packing. Packaging must be seaworthy or airworthy.
Violating notification duties
Damage must be reported to the carrier immediately (visible damage) or within 3 days (concealed damage) in writing. Late notifications can lead to claim rejection.
FAQ
How much does cargo insurance cost?▼
The premium is typically 0.05–0.5% of the goods value, depending on goods type, route, and clause. Dangerous goods, electronics, or artwork have higher rates. A shipment worth CHF 50,000 usually costs CHF 25–250 in premium.
What is the difference between CIF and cargo insurance?▼
CIF is an Incoterm obligating the seller to arrange minimum insurance (ICC C) for sea freight. Standalone cargo insurance (ICC A) provides significantly broader protection and can be arranged for all transport modes.
What is an open cover policy?▼
An open cover (annual policy) automatically insures all of a company's shipments within defined parameters. Cheaper than single-shipment policies; recommended from approximately 20 shipments/year.
Is cargo insurance relevant for customs?▼
Yes. The customs value is calculated as CIF value (goods value + insurance + freight to import border). A correct sum insured directly affects the customs assessment basis.
What to do in case of transport damage?▼
Document damage immediately (photos), note reservation in writing on the delivery receipt, report to insurer, keep damaged goods until inspection. For sea freight: appoint average adjuster.
Do I need cargo insurance under DDP?▼
Under DDP the seller bears all risks until delivery and should therefore arrange ICC A. The buyer has no direct interest but should ensure the seller is actually insured.
Related Tools and Information
Incoterms 2020 Simulator – Who bears which risk?Transport Cost Calculator – Calculate freight ratesSea Freight – Insurance, B/L and documents explainedAir Freight – AWB, IATA dangerous goods and insuranceInsurance Overview – CMR, carrier liability, cargo insuranceGlossary – Cargo insurance terminology