Cargo insurance in Indonesia protects your goods during transport by land, sea, or air, whether domestically within Indonesia or internationally. For local shipments, the standard policy is the Indonesian Standard Freight Insurance Policy (PSAPBI), which offers 3 levels of cover. Guarantee 1 is the broadest, covering all risks except listed exclusions. Guarantee 2 and 3 cover named perils only, including fire, explosion, ship sinking, grounding, land transport collision, earthquake, tsunami, and volcanic eruption. For international shipments, the Institute Cargo Clause (ICC A, B, or C) applies, with ICC A being the most comprehensive. At BPI, we help you select the right policy for your specific goods, route, and mode of transport.

Cargo insurance is not legally mandatory in Indonesia, but it is strongly recommended, especially for imports into Bali. Whether you're shipping personal effects, business equipment, furniture, or commercial goods, the risks are real: goods can be damaged in transit, lost at sea, or affected by natural events like earthquakes or volcanic eruptions, which are genuine risks on Indonesian shipping routes. Without insurance, any loss is entirely yours to absorb. At BPI, we regularly help expats and businesses insure incoming shipments to Bali and across Indonesia, whether it's a single container or a recurring import operation.

Cargo insurance premiums in Indonesia depend on several factors: the type and value of goods, the packaging, the mode of transport, the route, and the level of coverage selected. Fragile goods, bulk cargo, or shipments on non-certified vessels will attract higher premiums. As a general guide, rates typically range from 0.1% to 0.5% of the goods' value for standard commercial shipments under the PSAPBI or ICC policies. To get an accurate quote, BPI needs a few details: the nature and value of the goods, the ports of origin and destination, and the transport method. We'll compare options and recommend the right cover for your shipment.

If your goods are damaged or lost in transit, the claims process starts with documenting the damage as soon as it is discovered, ideally before accepting delivery. You'll need your insurance policy, the bill of lading, commercial invoice, and a damage or loss report. The insurer will then assess the claim based on the cause of loss and whether it falls within your policy's covered perils. It's important to note that certain goods are not insurable under Indonesian cargo policies, including jewelry, antiques, live animals, fresh produce, and fragile items like glass. At BPI, we guide you through the claims process from first notification to final settlement, making sure nothing falls through the cracks.

Both options are available in Indonesia. A single shipment policy covers one specific consignment, ideal for expats importing personal effects or businesses with occasional imports. An open or annual policy covers all shipments within a defined period and is more cost-effective for businesses with regular cargo movements. The right choice depends on your volume and frequency of shipments. At BPI, we assess your situation and recommend the most practical and cost-efficient structure, whether that's a one-off policy or an ongoing arrangement with your preferred insurer.