We’ve established that Inland Transit Insurance covers your goods while they’re being shipped on the road. It’s a good idea to combine some other policies with Inland Transit Insurance:
Marine Cargo Insurance: This covers goods that are being shipped outside of Singapore. This covers items being shipped from Singapore to elsewhere, or goods shipped from other countries into Singapore. You can even cover goods that don’t transit through Singapore. This policy protects you from damage/loss to your items. Despite its nautical-sounding name, this policy doesn’t just cover ship-based freight. It covers goods that are shipped via sea, air, and land.
Bailees Liability Insurance: If you’re shipping goods that belong to someone else, you’ll need Bailees Liability cover. This protects you from liability if you damage these goods that you’re responsible for. It covers lawyer’s fees, and the cost of damages to compensate others if you’re at fault for damaging/losing their items.