diff --git a/models/shipcloud_delivery_carrier.py b/models/shipcloud_delivery_carrier.py
index fd6aac7..62d11c0 100644
--- a/models/shipcloud_delivery_carrier.py
+++ b/models/shipcloud_delivery_carrier.py
@@ -204,7 +204,18 @@ class SCDeliveryCarrier(models.Model):
         except shipcloud.ApiError as err:
             raise Warning(str(err))
         # { "shipment_quote": { "price": 42.12 } }
-        return result['shipment_quote']['price']
+        shipping_cost = result['shipment_quote']['price']
+        # determine net value in EUR of order
+        if order.currency_id != order.company_id.currency_id:
+            eur_amount = order.currency_id.compute(order.amount_untaxed, order.company_id.currency_id)
+            _logger.info("Converted %5.2f %s -> %5.2f %s" % (order.amount_untaxed, order.currency_id.name, eur_amount, order.company_id.currency_id.name))
+        else:
+            eur_amount = order.amount_untaxed
+        # compute 0.35% of net value for transport insurance
+        insurance_cost = eur_amount * 0.0035
+        _logger.info("Order %s, Shipping Service %s, cost=%5.2f, insurance=%5.2f", order.name, carrier_service.name, shipping_cost, insurance_cost)
+        # return sum of shipcloud shipping cost + insurance cost
+        return shipping_cost + insurance_cost
 
     def _is_outside_eu(self, country):
         if country.code == 'DE':