Cargo Insurance covers your goods for any loss or damages while in-transit on the ocean, via ground shipping, air transport or a combination of these methods. The policy protects your bottom line and your company from suffering revenue losses as your goods are moved from one destination to another. Depending on your frequency, this policy can be provided on an annual basis where you have continuous coverage (Open Cargo) or it can be specifically arranged for individual shipments. Cargo Insurance protects against loss and damage due to theft, fire, and weather among other perils. For Ocean Transit, this is of even greater significance during The hurricane season. Coverage and quote is based on the specifics of the shipment and policy.