Although you only really have control over your cargo before you ship it globally, it is very important to do everything you can to protect it throughout the entire supply chain in case it gets damaged or lost. Instead of only dealing with complicated transportation liability laws, it is best to investigate cargo insurance programs yourself.
Why the Extra Protection is Necessary
Transportation liability is extremely complicated because it is one of the few realms of industry and insurance that is not controlled by state laws. Therefore, there are many layers of complexity, especially considering that you, the property broker and the carrier may or may not all have insurance, and the various policies that you have might conflict. Strong cargo insurance programs that keep you safe in the event that a carrier refuses to pay and the property broker evades liability contain some of the following coverage.
- Warehousing and Storage
- International and Domestic Cargo Coverage
- Stock Throughput
- On-Deck Coverage
- Expanded Warehouse to Warehouse Coverage
- Project Cargo
- High Value Cargo and more.
To determine exactly what coverage you need and to work with the best, most reliable insurers, get the help of a skilled and heavily experienced lawyer who is intimately familiar with the nuances of global trade.