Are you in the shipping business in some way, shape or form? What would happen to your company if an entire shipment were lost? What if your shipment is being transported via container vessel and the ship sinks? Or, a truck gets in an accident with your important freight? Your company is responsible for a share of the losses. How would that affect your bottom line?
Accidents happen. It's a fact of business, a fact of life. If your business is shipping valuable cargo, you need cargo insurance to protect your business. "I was just sharing with someone today, our clients hope to never see us," says Joe Convertino, Jr. President of CH Insurance. "But if and when something does go wrong, we're right there to help connect the dots and ensure you're taken care of if a good situation goes bad. Cargo insurance is one of those necessities for particular types of businesses."
Cargo insurance provides protection against all risks of physical loss or damage to freight from any external cause during shipping, whether by land, sea or air.
What could happen? When shipping cargo, damages could be due to:
Collision
Derailment
Non-delivery
Theft
Fire
Earthquake
Inappropriate packing
Infestation
Cargo abandonment
Customs rejection
Employee’s dishonesty
Not all damage is covered and it's important to walk step by step through your policy with your dedicated insurance agent. An important final note on cargo insurance: It’s crucial for shippers to document their cargo’s value in case of disputes, losses, or damages. Be as specific as possible and take the necessary precautions to protect your business. Here at CH Insurance we're in the business, always, of mitigating risk. Risk management and commercial insurance go hand in hand. We're in your corner.