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Category: Cargo Insurance

Prevent Your Business from Sinking with Contingent Cargo Coverage

Prevent Your Business from Sinking with Contingent Cargo Coverage

As a freight broker, you work to find a balance between the occasionally contrary needs of shippers and cargo carriers. This is a very tough position to be in, especially when the carrier or the carrier’s insurer declines payment on a liability claim, putting the responsibility on you. To avoid catastrophic pressure and damage to your business, keep yourself and your assets protected with a contingent cargo coverage insurance policy. Transportation insurance is one of the few types of insurance…

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How Transit Cargo Insurance Can Safeguard Your Business

How Transit Cargo Insurance Can Safeguard Your Business

Although technologies in shipping and theft prevention have progressed substantially over the last decade, every company that relies on the import or export of products or raw materials understands the risks that go along with large distance transportation. Even when partnering with highly trusted shipment companies, nearly a third of cargo damage is deemed unavoidable. In addition to losses incurred through cargo damage, the transit industry experiences a nearly $30 billion yearly loss to theft. If your bottom line relies…

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The Complexities of Motor Truck Cargo Legal Liability

The Complexities of Motor Truck Cargo Legal Liability

When you’re on the road with your truck, anything can happen. If something damages the cargo in your vehicle, you are liable for not getting the load to its destination on time. While acts of God or acts of the public authority may mitigate your liability, most of the problems that you face when you’re delivering your cargo will be your responsibility. You will be the one who pays for any losses, unless you have the right insurance. When purchasing…

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Do You Need Cargo Insurance?

Do You Need Cargo Insurance?

Deciding not to pay cargo insurance rates may seem like an easy way to save your businesses money. However, skimping on cargo coverage is not always the smartest move you can make. If your businesses regularly sends large or expensive shipments by road, rail, sea or air, cargo insurance is essential for making sure that you dont lose money in the event that your goods are damaged or lost. Heres how to know if you should get cargo insurance for…

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Risk Management for Every Step of Your Manufacturing Process

Risk Management for Every Step of Your Manufacturing Process

Looking at options for cargo insurance online results in different policies for the multiple risks your products face at each step in the supply chain. If your manufacturing company uses carriers to ship cargo from the raw material stage through the distribution of finished goods, simplifying your insurance coverage can make risk management less complex. Instead of managing different insurance plans, streamline your policies into one insurance program that includes stock throughput coverage. Streamlined Insurance Programs Your products are at…

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