Maximum value per shipment
Review this carefully when evaluating the insurance program and preparing a submission.
Cargo & Goods-in-Transit Insurance
Inventory does not stop being valuable when it leaves the warehouse. The important question is who is responsible for it at each point in the trip—and whether the policy follows that responsibility.
What to Think About
The policy should match how the business actually operates.
Coverage needs depend on the products, contracts, property values, transportation arrangements and services involved. These are some of the issues worth reviewing.
Owned vehiclesProperty coverage may not automatically follow inventory on a delivery truck the way you expect.
Common carriersCarrier liability and your actual inventory value can be very different numbers.
Inter-warehouse transfersRegular movement between locations can create recurring transit exposure.
International transitOcean cargo, air freight and inland legs can require coordinated coverage.
Submission Checklist
Information that helps tell the story to underwriters.
Better information can help carriers understand the risk instead of making assumptions from a class code alone.
Shipping methods and carriers
Review this carefully when evaluating the insurance program and preparing a submission.
Terms of sale and transfer of title
Review this carefully when evaluating the insurance program and preparing a submission.
Domestic versus international routes
Review this carefully when evaluating the insurance program and preparing a submission.
Related Distribution Topics
One exposure rarely stands alone.
Property, products, transit, customer goods and business income often overlap in a wholesale or distribution account.
Want to review your current program?
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