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Cargo insurance, also known as cargo insurance, is an insurance that takes the goods in transit as the insurance subject matter, and the insurer is responsible for the compensation liability for the loss of goods caused by natural disasters and accidents. It is a kind of cargo insurance guarantee for goods in circulation. The purpose of establishing this kind of freight insurance is to enable the goods in transportation to obtain economic compensation for the losses caused by natural disasters or accidents within the scope of insurance liability in the process of waterway, railway, highway and combined transportation, and to strengthen the safety and loss prevention of cargo transportation, so as to facilitate the production and circulation of goods. International freight forwarder liability insurance is usually to make up for the risks brought by international cargo transportation. This risk comes not only from the transportation itself, but also from many links of completing the transportation. It is generally performed by international freight forwarding companies. A wrong instruction and a wrong address will often bring very serious consequences and huge economic losses to international freight forwarders. Therefore, it is necessary for international freight forwarders to insure their own liability insurance. In addition, when an international freight forwarder appears as a carrier, it not only has the right to require reasonable limitation of liability, but also its business risk can be compensated by insuring liability insurance.
