Are you a business owner who regularly ships products to customers or other businesses? If so, you likely already know the challenges that come with the transportation of goods. From damage during transit to theft, these risks can impact your bottom line. That’s why it’s wise to consider cargo insurance. Keep reading to learn more about this useful type of insurance.
What Is Cargo Insurance and Who Needs It?
Cargo insurance is a policy that covers loss or damage to goods while they’re in transit, including while they’re warehoused prior or following overseas transport.
This type of insurance protects companies against financial loss if their goods are lost, stolen, or damaged during transit.
Cargo insurance policies are typically purchased by businesses that regularly transport goods via ocean, air, rail or road.
Why do you need cargo insurance?
While in most cases it’s not required by law to have cargo insurance, it’s a wise investment for businesses.
Although supply chains are becoming increasingly sophisticated and secure, cargo still faces myriad risks as it travels to its destination.
The cost of lost or damaged goods can be significant if you don’t have cargo insurance, especially considering that some carriers provide only limited liability coverage for lost or damaged goods.
With all the above in mind, it’s easy to see why cargo insurance is a smart way to protect your business.
How Much Does Cargo Insurance Cost? How Do I Purchase It?
The cost of the policy will depend on factors such as the value and type of the cargo, the mode of transportation and the destination.
If you are interested in purchasing cargo insurance coverage, get in touch with our experts at Carter Bradley Insurance Solutions. We’ll be happy to answer all your questions and help you build a cargo insurance policy that makes sense for you and your organization.
Wrapping It Up
Cargo insurance is an important investment for businesses that transport goods. It offers protection against financial loss due to theft, damage or loss of goods during transit.
By working together with an insurance expert to understand what cargo insurance is and why it’s important, business owners can make informed decisions about their shipping policies and safeguard their finances.
The bottom line is: Don’t take risks when it comes to transporting your products – call us and get protected today.
Looking for Cargo Insurance? Carter Bradley Insurance Solutions Can Help
At Carter Bradley, our team is solely focused on your unique needs to find the best prices and coverage you require for your business, home, auto and life insurance.
We are located in Corona, California. Contact us today by email at info@carterbradleyinsurance.com, by phone at (951) 547-4240, or through our social media accounts on Facebook, Twitter, and LinkedIn.
