By definition, Cargo Insurance refers to any policy covering cargo in the care, custody, or control of a carrier, either by land (truck) or sea (ship). Cargo insurance exists to protect shippers from loss or damage to goods from which they would be unlikely to collect from the carriers themselves.
The type of coverage needed will depend on the cargo being shipped but it is imperative to keep your assets protected by securing a sufficient policy.
There are a slew of risk factors that come into play during shipment and cargo often passes through several hands before reaching its final destination which could end up resulting in harsh consequences if the shipment is damaged, stolen or lost.
Protecting Your Business with Cargo Insurance
Transporting cargo without insurance leaves your business vulnerable and could end up in a huge potential loss. Depending on the type of cargo involved in the transaction, leaving your assets unprotected might have a devastating impact on your bottom line, so it’s important to set up the right coverage.
You may even want to consider securing an Open Cargo Policy, based on the frequency of your shipments and the specific type of cargo.
News Insurance can help you figure out what works best for your business. We’ll work with you to assess the risks and determine the best policy to help secure you and your assets.
What Will My Policy Cover?
A typical comprehensive Business Owner Policy includes: property insurance, business interruption insurance, crime insurance, vehicle coverage, liability insurance and flood insurance. Depending on any additional risks your business might encounter, supplementary components can be added to the original package.
Property Coverage may account for business buildings and their contents, including — but not limited to the following: inventory, office equipment, furniture and computers, equipment leased or rented for business use, and property, currently in your care that belongs to someone else, that is accidentally damaged.
Liability Coverage accounts for damages that you are legally obligated to pay as a result of bodily injury, property damage or personal or advertising injury, up to the policy limits and subject to your deductible.
Coverage can easily be added to a property for such items as special equipment, fine arts, valuable papers and records, and accounts receivable.
Combining protection from all major property and liability risks in one package helps to keep your premiums lower and is generally more cost-effective.
If you operate a small or medium-sized business, you shouldn’t be without a solid, reliable policy. Our business-savvy experts will work with you to design a custom Business Owner Policy that fits the needs of your business to help keep you comfortably protected.
Are you looking for assistance in finding a competitively priced insurance for business? Why not take a quick glance at our guide to obtain the cheapest quote for business insurance cover online and meet the demands of your company? We specialize in small business insurance to secure shops, tradesmen, restaurants, self-employed professionals and many more in Los Angeles.
Not every business has same requirements, so why your insurance policy should be same? In just a few easy steps, we will assist you in the right direction to get you the cover that is perfectly suitable for your business. We offer commercial insurance quote online for all the forms of businesses, be it a sole-proprietorship, self-employed, partnership or a corporate firm.
We provide best business insurance quotes online that are tailor-made as per your specific requirements. We acknowledge that every business is unique and has its own form of risks. Whether you operate a hair salon or a large accounting firm, we have nearly 35 years of experience and in-depth expertise to insure your business properly.
Business liability insurance assists your business to stand strong through tough situations by covering the correlated cost of legal damages and legal defense you are inclined to pay, up to the policy limits preferred. Therefore, connect with our professional insurance agent who is an expert in working with commercial owners, and choose from a wide range of options that suits your individual business insurance requirements.
A business owner’s insurance policy protects or secures your business from various forms of risks, generally through a combination of property, general liability and workers’ compensation insurance. All small businesses such as restaurants, retail stores and independent contractors exclusively need a business owner’s policy to safeguard against financial losses beyond general liability claims.