Businesses of all sizes across all industries should improve their transportation management as part of their overall supply chain, and as a way of reducing the occurrence of supply chain errors and lowering their total costs. If you’re in charge of the safe travel of products by truck, rail, air or sea, contingent cargo insurance protects you in the event that your customer experiences a loss due to any number of potential exposures.contingent cargo insurance protects you in the event that your customer experiences a loss due to any number of potential exposures.
You build relationships with clients who’ve come to you because they trust that you’ll be providing them with the best possible service. They expect to be fully protected in the event of any damage or loss to their goods and products. You demonstrate that you appreciate their trust by partnering with that provide you with reliable, comprehensive coverage that best serves the logistics industry.
Common issues with the transportation of goods
Theft, damaged goods, or total losses, including accidents or even sinking ships will have a negative impact on anyone working in logistics. When your job is to arrange for the transportation of goods across the US, or around the globe, there’s always a possibility that those products will not make it to their destination, or may end up somehow being damaged in transit.
In order to protect you from these losses, a customized cargo insurance program is essential. For anyone that owns, manages or operates anywhere in this segment, it’s vital that you research commercial cargo insurance that deals with the needs and concerns of transportation brokers, freight forwarders, importers and exporters, and logistics providers.
Manufacturers know that, without sufficient coverage, you could be putting them at risk as well, and this will certainly impact your business. The key is to be prepared for all possible scenarios, know what problems may arise, and know how to avoid them. But insurance is a safety net no one should be without.
Contingent cargo liability brokers have two objectives: help you to protect your assets and your business reputation, and protect your relationship with your customers. You should speak to a reputable agent who can help you to determine just what your specific needs are.