In the matter of imports, insurance is considered as an effective tool to reduce and manage risks. Insurance can include transportation risks, delays, damages caused by exchange rate changes, and incomplete delivery of product(s).

Types of import insurance:

Shipping insurance:

This insurance helps to compensate the damage caused during the transportation of the product(s) from the country of origin to the destination.

Currency insurance:

Due to exchange rate fluctuations, this insurance helps to protect importers against the risks of exchange rate changes.

 Quality and quantity insurance:

 This insurance is related to the compensation of losses caused by qualitative and quantitative differences of products at the time of delivery.

Importance of insurance in import:

 Import insurance is of particular importance because:

  1. It helps to protect the funds and ensure the profitability of the business.
  2. It protects the trust and confidence of the contracting parties and helps to facilitate international trade.
  3. It helps in dealing with uncertainties and creating security in business.


Doing international business without paying attention to risk management can lead to heavy losses. In the matter of import, insurance is one of the effective ways to manage these risks and can create more confidence in doing international transactions.

Damage to containers inside customs