- Do they specialize in cargo insurance? A telltale sign may be their website. Does it reference cargo insurance as a core product line?
- How do they handle cargo claims? Is this a function of the broker or do they hand it off to the insurance company and hope for positive results?
- Does the broker perform an annual supply chain review and meet with the various departments in your company to discuss cargo insurance and supply chain exposures?
Cost control on cargo insurance
May 09, 2010 | Published in Issue
- By Rick Bridges, Roanoke Trade Services
Cargo Insurance for any cargo typically involves customized cargo insurance obtained on a per shipment basis. Whether you are a transportation intermediary or the shipper, here are some cargo insurance buying tips from the unique perspective of an insurance provider.
Finding the Right Insurance Provider
For small and mid-sized shippers your transportation intermediary may be your best source for cargo insurance. Most have aligned themselves and work closely with specialty insurance cargo providers. For shippers with large or complex supply chains, finding the right cargo insurance provider may mean finding a specialty insurance broker who has the experience to properly address your needs. Some key questions to ask when choosing a broker: