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.
Why Insure Your Cargo?
All transportation carriers limit their liability to amounts that simply won’t cover the full financial exposures involved with your shipment. For example:
—Domestic transportation carriers limit can be as low as .50 Cents per lb.
—International Air carriers limit is $20.00 per Kilo
—International Ocean carriers limit is $500 per shipping unit
In certain circumstances these carriers could have no liability to your shipment at all. For example:
—The delivery receipt was signed clean.
—The loss was a result of an Act of God or a strike or riot.
WB Skinner All Risk Cargo Insurance
Highlights of our insurance program are:
—All Risk Cargo Coverage
—Covers from Warehouse to Warehouse
—Storage Coverage Extensions as required
—Worldwide Network of Claim Settling Agents
—Negotiable insurance certificates as required by letters of credit
—A Claims processing computer system with full automation of cargo claim adjusting, which will provide on-line service to access claim status and claim analysis reports.
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.