Circumstances outside of your control could damage your shipment while in transit. WB Skinner therefore recommends you purchase All Risk Cargo insurance to cover your shipment while in transit.
Your shipment should be insured for its full CIF value, Cost of Goods + Insurance + Freight, plus 10%; this will insure that your company’s total financial exposure is covered against any physical loss or damage during transit.
All transportation carriers limit their liability to amounts that simply won’t cover the full financial exposures involved with your shipment. For example:
In certain circumstances these carriers could have no liability to your shipment at all. For example:
Highlights of our insurance program are:
A Professional Claims Processing Office, International Bond and Marine Brokerage, Ltd, will represent you in the settlement of a claim. Claims Control and Risk Management Services are delivered through our insurance partner, International Bond & Marine Brokerage, Ltd.
Please contact us for additional questions, or to request a formal quote.