Damage Protection Plan (DPP) Definition:
A damage Protection Plan is a protection plan or insurance to cover potential damages to cargo or containers in transit. Container leasing companies and the clients who provide this cover pay small daily contributions to receive financial coverage against certain types of damage.
A damage Protection Plan is an insurance plan designed to cover potential container damage during transportation. This protection plan is a risk management plan for container leasing companies. It is aimed at mitigating financial losses caused by unforeseen events that may damage containers or goods being transported. Such eventualities include natural disasters, theft, accidents, and other incidences that may lead to damage or loss.