International shipping, with the various options for transport as well as multiple passes through customs agencies, takes careful planning and a measure of trust. However even when the most prudent and comprehensive arrangements have been made there is no absolute guarantee that your cargo will arrive undamaged or even at all.
As they say – that is what insurance is for. Loss or damage can occur while the ship is in port, while the goods are in transit to the warehouse, or even while at the warehouse itself as well as while in transit on the ship. Insurance is big business and there are many types of policies and options available. There are a number of risks involved, such as fire, but you will want to make sure the policy you purchase covers the risks appropriate to your chosen transport method. Additionally as with most insurance types there are exclusions – certain conditions or events where the policy becomes basically inapplicable. You should think about these and be certain you are comfortable with them.
Universal Cargo has prepared a document Cargo Insurance Basics which is available from their blog post here.