Recruiter's Glossary

Examples: Bill of Lading • Bunker Adjustment • THC

Cargo Insurance

Term from Shipping industry explained for recruiters

Cargo Insurance is a type of business protection that covers goods being transported from one place to another, whether by sea, air, or land. When someone mentions this in their resume, they're typically talking about their experience handling insurance policies that protect shipments from loss or damage during transit. This is a crucial aspect of shipping and logistics jobs, as it helps companies manage risks when moving valuable goods. Similar terms include "freight insurance," "marine cargo insurance," or "transport insurance." This knowledge is particularly important for roles in logistics, shipping coordination, and supply chain management.

Examples in Resumes

Managed Cargo Insurance claims processing for international shipments valued over $1M

Negotiated Cargo Insurance and Marine Cargo Insurance policies with major carriers

Reduced Transport Insurance costs by 15% through strategic policy consolidation

Handled Freight Insurance documentation for 200+ shipments monthly

Typical job title: "Cargo Insurance Specialists"

Also try searching for:

Logistics Coordinator Insurance Specialist Shipping Coordinator Cargo Claims Specialist Transportation Insurance Agent Freight Insurance Coordinator Supply Chain Specialist

Where to Find Cargo Insurance Specialists

Professional Associations

Online Communities

Job Resources

Example Interview Questions

Senior Level Questions

Q: How would you handle a complex international cargo claim involving multiple carriers?

Expected Answer: A senior professional should explain the process of coordinating with different insurance providers, understanding international shipping regulations, and managing documentation across multiple parties while ensuring timely claim resolution.

Q: Describe your experience in developing cargo insurance programs for large shipping operations.

Expected Answer: Should demonstrate knowledge of risk assessment, policy negotiation, cost-benefit analysis, and implementing company-wide insurance strategies that balance coverage needs with budget constraints.

Mid Level Questions

Q: What factors do you consider when determining appropriate cargo insurance coverage?

Expected Answer: Should mention cargo value, shipping route risks, transportation method, seasonal factors, and carrier reliability history as key considerations in coverage decisions.

Q: How do you ensure compliance with international cargo insurance requirements?

Expected Answer: Should discuss knowledge of different countries' requirements, documentation procedures, and how to maintain updated information on changing regulations.

Junior Level Questions

Q: What are the basic types of cargo insurance coverage?

Expected Answer: Should be able to explain the difference between all-risk coverage, named perils coverage, and basic coverage options for different types of cargo.

Q: What documentation is typically required for a cargo insurance claim?

Expected Answer: Should list basic documents like bill of lading, commercial invoice, insurance certificate, and damage reports needed for basic claims processing.