Countries of origin and destination
Review this carefully when evaluating the insurance program and preparing a submission.
Importer & Exporter Insurance
Importing and exporting can shift responsibility in ways that are easy to miss. Product origin, Incoterms, cargo responsibility, foreign vendors and U.S. product liability should be understood before a loss.
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.
Imported productsA U.S. importer may face substantial responsibility for products made by an overseas supplier.
Ocean & inland cargoCoverage should match when title and risk of loss transfer under the sales contract.
Foreign suppliersRecovery against an overseas manufacturer may be difficult after a product claim.
International operationsTravel, foreign sales, local requirements and contractual obligations may create additional coverage needs.
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.
Incoterms and shipping responsibility
Review this carefully when evaluating the insurance program and preparing a submission.
Product testing and quality control
Review this carefully when evaluating the insurance program and preparing a submission.
Foreign travel, sales and operations
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.
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