The cargo insurance premium on a single shipment is typically calculated as: the Insured Value x Policy Rate. The calculation isn’t difficult, but you do need to get your valuation right on the goods being insured.
The simplest method to calculate insured value is to add the: Commercial Invoice Value + Cost of Freight, + 10% (to cover additional expense). Be sure to review the terms of your policy, specifically the valuation clause, to be certain of how the policy expects the goods to be valued.
Use the Cargo Insurance Calculator to finalize your Estimate.
