Cargo theft isn’t just a risk—it’s a reality, especially for shipments moving through high-traffic hubs like Los Angeles. While security strategies are stronger than ever, recent theft rings and maritime incidents remind us that cargo insurance is no longer optional—it’s essential.
Whether it’s electronics in a container yard or perishables crossing the Pacific, having the right insurance gives you more than peace of mind. It gives you a plan.
Recent Developments in Cargo Theft
- Ventura County Theft Ring (May 2025)
A group targeting Camarillo-based businesses stole over $1.5 million in goods, with stolen shipments moving across the border. - Los Angeles County Increase
In 2024, cargo theft in L.A. County jumped 50%, making it one of the nation’s top theft zones. - High-Value Targets
In April 2025, LAPD recovered nearly $4 million in stolen electronics and luxury goods in a major bust.
This isn’t just about local headlines. It’s a signal that shippers need to be prepared, not just hopeful.
Common Cargo Insurance Options
- All-Risk Insurance
Broad protection covering most types of loss or damage, including theft. - Named Perils Coverage
Covers only specific events listed in the policy, like fire, collision, or piracy. - Contingent Cargo Coverage
Backup coverage that activates if your primary policy doesn’t apply. - Political Risk Insurance
Useful for international shipments passing through unstable regions. - Freight Forwarder’s Liability Insurance
Covers damage or loss when goods are in the forwarder’s care—essential but limited in scope.
Why Insurance Matters on the Water, Too
- Containers Lost at Sea
In 2023, 221 containers went overboard, the lowest number in over a decade—but the risk still exists. - General Average Events
Every cargo owner may be financially liable if a carrier sacrifices or jettisons cargo to save a ship. Without insurance, those costs come straight to you. - Case in Point: MV Maersk Honam
A vessel fire in 2018 triggered a General Average claim. Many uninsured cargo owners paid out of pocket, or worse, couldn’t recover their goods.
What Coppersmith Does to Help
- Advanced GPS Tracking
Monitor your freight in real time to stay one step ahead of risk. - Secure Facilities
Warehouses with controlled access and surveillance for added protection. - Thorough Vetting
Background checks and trusted driver partnerships for secure cargo handling. - Ongoing Staff Training
Teams trained to spot red flags, respond to issues, and handle sensitive goods with precision. - Industry Collaboration
We work with law enforcement and security networks to stay ahead of trends and threats.
Cargo insurance is about more than coverage—it’s about confidence. At Coppersmith Global Logistics, we believe in trusting the journey, but we also believe in sealing the container, confirming the manifest, and having a policy that covers what really matters.
Let us help you find the right coverage for your cargo, routes, and risk profile. In logistics, planning for the unexpected is smart business.
