Free Tool
Freight Insurance Calculator
Estimate your cargo insurance premium based on declared value and commodity type. Select your commodity, enter the shipment value, and see your estimated premium, cost per $100, and deductible instantly.
How to use: Enter your cargo value, select your commodity type, and choose a coverage level. The calculator returns your estimated premium and the deductible for each option.
Why cargo insurance matters
Carrier liability for LTL freight is limited to $0.50 per pound under standard released value. A 500-pound pallet of electronics worth $25,000 would only be covered for $250 under carrier liability. Freight insurance bridges that gap by covering the full declared value of your goods minus the deductible, protecting your business against the full financial impact of loss or damage.
Without cargo insurance, a single damaged or lost shipment can wipe out months of margin. Insurance premiums typically cost less than 1% of the cargo value — a small price compared to absorbing the full replacement cost of uninsured freight.
Coverage options and commodity rates
Insurance rates vary by commodity type because different goods carry different risk profiles. General freight — standard packaged goods that are not fragile or perishable — carries the lowest rates, typically around $0.50 per $100 of declared value. Electronics and sensitive equipment run higher at roughly $0.80 per $100 due to their susceptibility to shock and vibration damage.
Fragile goods like glass, ceramics, and artwork typically cost around $1.00 per $100, while perishable items such as food and pharmaceuticals carry the highest rates at approximately $1.20 per $100 due to temperature sensitivity and spoilage risk. Most policies carry a minimum premium of $25 and a deductible of 2% of the declared value or $250, whichever is greater.
How Warp simplifies freight insurance
Warp partners with Falvey Shippers Insurance to offer one-click cargo coverage at checkout. There is no separate application, no waiting for underwriting approval, and no need to manage a standalone insurance policy. When you book a shipment on Warp, you can add coverage with a single click and receive an instant policy with a downloadable certificate of insurance.
If you need to file a claim, Warp handles the process on your behalf. Coverage is available for all commodity types and shipment modes, so you can protect every load without managing multiple insurance providers.
Freight insurance FAQ
What does freight insurance cover?
Freight insurance (also called cargo insurance or shippers interest insurance) covers the declared value of your goods against loss, damage, or theft during transit. Unlike carrier liability, which is limited to $0.50 per pound for LTL and varies by mode, freight insurance covers the full declared value of your shipment minus the deductible. It protects against risks like forklift damage, weather events, accidents, and theft.
How is freight insurance cost calculated?
Freight insurance premiums are calculated as a percentage of the declared cargo value. The rate depends on the commodity type — fragile, perishable, and high-value goods carry higher rates than standard freight. Most policies have a minimum premium (typically $25) and a deductible (typically 2% of the declared value or $250, whichever is greater). The rate per $100 of declared value typically ranges from $0.50 to $1.20 depending on the commodity.
How does Warp offer freight insurance?
Warp partners with Falvey Shippers Insurance to offer one-click cargo coverage at checkout. When you book a shipment on Warp, you can add insurance with a single click — no separate application, no waiting for underwriting. You receive an instant policy and a downloadable certificate of insurance. Coverage is available for all commodity types and shipment modes.
Protect every shipment with one click
Warp offers Falvey Shippers Insurance at checkout. Instant policy, downloadable certificate, no separate application.