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There are few absolutes when it comes to marine cargo insurance claims. When shipping internationally, each circumstance is different. Therefore, processing and finalizing a claim varies in the...
When you apply for a marine cargo insurance policy, the insurer will bring any aspects of your business that could require unique coverages or conditions to your explicit attention before finalizing...
Securing a marine cargo insurance policy can mean the difference between completely losing the value of a shipment and being fully protected in the event of loss or damage of FBA merchandise. What...
When your policy expires, your marine cargo insurance provider will review the estimated shipping amount you initially provided compared to the actual volume of cargo you shipped through the year....
The Suez Canal was blocked for six days between March 23rd and 29th, 2021, after the accidental grounding of a cargo ship known as the Ever Given. General average has officially been declared as a...
BOR letters legally determine the insurance agent allowed to send quote applications to insurance companies on your behalf. A Broker of Record (BOR) letter is a contract where someone designates an...
Marine cargo insurance costs are impacted by things specific to an importer’s individual business. There are specific risks insurers evaluate when shippers apply for coverage. Marine Cargo Insurance...
Warehouse Insurance protects cargo during storage. A cargo insurance policy can be extended to cover additional warehouse coverage, including floods, windstorms, and earthquakes. Policies are...
It’s beneficial for shippers to know what cargo insurance premium adjustment options are available to find the best fit for their business. Marine cargo insurance premiums are generally implemented...
When insuring their cargo, importers will need to decide what risk management option is ideal for their business. When purchasing Marine Cargo Insurance, Importers must choose if they want to insure...
An insurance endorsement clause, also called a rider, is an amendment attached to an insurance contract that adds, removes, or changes the policy's coverage. An endorsement clause can be added when...
Marine Cargo Insurance covers the loss, damage, or theft of commodities while in transit between the point of origin and final destination. This is also known as shipping insurance or freight...