Shipping Insurance
/ˈʃɪpɪŋ ɪnˈʃʊərəns/
Definitions
- (n.) A contract or policy that protects against financial loss or damage to goods during transport by sea, air, or land.
The company purchased shipping insurance to cover potential damages during transit.
Forms
- shipping insurance
Related terms
See also
Commentary
Shipping insurance typically involves specific terms related to transport and risk allocation; clear drafting should specify covered perils and claims process.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.