contingent cargo coverage.

Managing Transit Risk With Cargo Coverage

Manufacturers depend on trucks, boats, and trains to get their products from factories to customers. During this shipment chain, goods face many hazards. Without an effective strategy for mitigating these risks, manufacturers cannot ship with confidence around the globe. To protect products throughout the shipment chain, diligent manufacturers opt to purchase contingent cargo coverage.

Transit Risks

When a manufacturer’s products are in its factory or warehouse, risks of damage are relatively low. As soon as they hit the road, sea, air, or rail, however, the potential for harm increases exponentially. Specifically, products face the following risks during transit:

  • Rough Handling
  • Theft
  • General Average
  • Non-Delivery

Broad Coverage

Insurers can narrowly tailor or broadly draw contingent cargo coverage to meet the needs of virtually every manufacturer. To get a comprehensive package, many manufacturers opt for the following types of protection:

  • Warehousing and Storage Insurance
  • Warehouse to Warehouse Coverage
  • On-Deck Coverage

Unique Needs

Regardless of how manufacturers get their goods to their customers, they can purchase coverage to meet their unique needs. A skilled insurance provider can create a policy to protect the value of goods sent by air, sea, road, or rail. For complete coverage, smart manufacturers collaborate with an agent to protect products at every phase of the distribution chain. Whether in storage or transit, then, products can have adequate protection to give their manufacturers shipping confidence.