Did you know that cargo insurance is not regulated by state law? As a company that deals with shipping or handling cargo, whether that includes land, sea or air, you have to work with an insurance company that can give you the protection that you need. Not all contingent cargo policies are going to be the same.
This means that you have to work with an insurance company that has expertise in insuring shipping and supply chain companies. Each company is going to have different needs, which is why there can be so much variation in this type of policy. You can get covered for:
- Warehousing and Storage
- Project Cargo
- High Value Cargo
- Stock Throughput
- On-Deck Coverage
- Expanded Warehouse to Warehouse Coverage
These are just a few of the policy that can be included in your contingent cargo program.
Talk to Experts
No matter what kind of risks you are at, you have to talk to experts. You need to work with an insurance company that is aware of the ins and outs of logistics, so that they can help you get the coverage that will really protect you and your company. Because this type of policy is not regulated, it can vary a lot. You could even end up with coverage that is not enough. Talk with experts to ensure that you get the coverage that you really need.