Quick Tip #25
Insurance primer
Protect your business interests by ensuring you understand what is covered by your cargo insurance policy – and what is not. Without proper insurance, even one loss can have a huge impact on your bottom line.
You can choose from three basic levels of coverage:
- Institute Clause A (widest insurance coverage & highest premium);
- B (more restrictive coverage & moderate premium); and
- C (most restrictive coverage & lowest premium)
Be sure to review the coverage in place for your shipments and ensure it is adequate for your needs.
For more information see our Terminology In Depth section on Cargo Insurance.