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 on the shipment of goods, it is time to begin investigating the transit cargo insurance market.
When uninsured, small product losses mean that you never know exactly how much usable product will arrive at its given destination, limiting your ability to function efficiently and creating accounting chaos. Large product losses mean substantial financial deficits, from which you may not ever fully recover. Finding a high quality insurance policy provider through the transit cargo insurance market will protect your investment against any loss or damage. If your products arrive damaged, is delivered to the wrong location or is never delivered at all, you are reimbursed for any losses. An investment in transit insurance ensures the continued smooth operation of your business, ensuring you stay profitable for many years down the road.