No matter how much hard work you put into creating or assembling an excellent product before shipping it globally, your cargo is out of your control once it gets on a boat. However, with a comprehensive marine cargo insurance plan that is tailored to fit all of your needs, you will feel a lot safer financially even if your cargo suffers to jettison, non-delivery, rough handling, collision, overturn, natural disasters and many other potential issues.
Planning Coverage Throughout the Supply Chain
Although many of these potential accidents apply to marine shipments, it is just as effective and worthwhile to get coverage for goods that are being shipped by rail, air or truck. If you want to take one further step, you can continue to insure the cargo even once it has been stored at the end of the supply chain. Also, if you do not want to pay for consistent and steady coverage through an open cargo policy, it is possible to insure a single shipment. Cargo insurance plans differ greatly from one another, so think carefully about which of the following policies you will need to include.
- International and Domestic Cargo Coverage
- Stock Throughput
- Warehousing and Storage
- Expanded Warehouse to Warehouse Coverage and more.
Cargo insurance is one of the few realms of insurance that is not regulated by the government, so work with a skilled agent to get the exact coverage that you need.