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11 Benefits Of Cargo Insurance For Your Business - Business - Nairaland

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11 Benefits Of Cargo Insurance For Your Business by Tayogeorge(m): 1:52pm On Mar 24, 2020
What concerns my shipments with insurance? Why will I insure something because I want to ship it? Probably, you guys are not safe then. If this are your thought, this blog is for you. You are at a huge risk when you carelessly ship your items without insuring them. This you must know. Shipping insurance is a service which may reimburse senders whose parcels are lost, stolen, and/or damaged in transit

Of course there are misconception about every industry but believing me, insurance is not a joke. If one critically understands the essence of insurance, there will be no special effort to lure them into insurance.

Importer and exporter are higher risk taker, and they are expected to be very smart with every activities so as to avoid uncontrollable unforeseen disaster. In this industry there are cases of ships capsizing and air flights crash.

Insurance is just a perfect shield and refuge to cover all lost in case of any unpalatable scenario. It is a means of indemnity against a future occurrence of an uncertain event. For shipping insurance, it covers transits carried out in water, air, road, rail, registered post parcel and courier.

Cargo insurance explicitly provides extensive protection against damage or loss due to external factors including: damages due to inappropriate packing, infestation, cargo abandonment, customs rejection, etc. Cargo insurance also covers significant loss that might be caused by collision, sinking, derailment, theft, fire, earthquake among others.

Whether importing or exporting, using air freight or ocean freight for your international shipping, cargo insurance covers loss and/or damage of cargo while it is in transit between the points of origin and final destination.
Note: Valuehandlers International your capable and responsive freight forwarder provide marine insurance shipping of your goods or cargo while it is in transit to the point of delivery.

However, many try to save a little money up front by not insuring their cargo, but here’s just some of the many reasons why insuring your cargo is important.
Read More: https://www.valuehandlers.com/blog-detail?blog_id=BLOG017

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