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Category: Cargo Insurance

A Consideration of Cargo Insurance Policies

A Consideration of Cargo Insurance Policies

A Consideration of Cargo Insurance Policies When establishing your cargo transportation business, it’s important to get quotes from different insurance companies to receive a good deal. Before you start looking at cargo insurance companies, take the time to understand the unique needs of your business. This way, you can prepare yourself for insurance discussions and have the confidence that you are making the best choice for the success of your company. What Kind of Insurance Should You Choose? It is…

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What is Contingent Cargo Insurance?

What is Contingent Cargo Insurance?

Cargo insurance is underwritten by managed risk clubs, a type of group investment tool. It is available for a variety of cargos and protects against freight loss or damage from external causes during shipping by any means, land, air or sea. Depending on the coverage, however, the club may not pay for instances such as a truck-load coming loose and falling off the road if the driver is thought to be at fault. This is where contingent cargo insurance comes…

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3 Surprising Ways Contingent Cargo Insurance Keeps You Covered

3 Surprising Ways Contingent Cargo Insurance Keeps You Covered

Whether you’re waiting on supplies to arrive at your warehouse door or shipping finished good to customers, you want to make sure your items are fully protected. Cargo insurance can help prevent financial hardship when your supplies and goods are damaged, stolen or lost. Here are three surprising ways that contingent cargo liability helps protect your business. 1. Jettison Jettison is the act of throwing items from an aircraft or ship in order to lighten the load. For example, if…

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