Posts Tagged ‘trucking insurance’

Cargo Insurance Information

Sunday, May 30th, 2010

Cargo Insurance – Information about what it is

Cargo insurance is an insurance policy that protects you in the event off damage or loss to your cargo while being transported. It is meant to reimburse you in the event your cargo is lost or damaged. The goods listed on a cargo insurance policy would be covered while being transported via air, sea or land. This would include parcel post handled by courier companies.

Coverage Options

These are your coverage options to consider:

  • Total loss cargo insurance – As the name indicates, this policy covers against total loss/catastrophe of entire shipment.
  • All Risk – this type of insurance protects you against damage to your goods from physical, external cause including partial damage, catastrophe and theft.

What is the right amount of cargo insurance to purchase?

Traditionally, the coverage needed is based on a simple equation. The standard is to cover the invoice costs including freight plus a certain percentage above to cover your estimated profit. Usually, this amount will range from 15%-25%. The policy limit is typically the biggest shipment expected with the added freight plus the percentage of advance added.

One of the nice things about these shipment protection is that it can be purchased on an “as needed-pay as you go” basis. This is because all shipments can be reported monthly to a company and then invoiced at the completion of that specific month.

The best way to receive competitively priced cargo insurance quotes is to fill out the the simple form on We’ll search for the best matching policy for your needs, and will contact you with customized information.  The price will be based on variables such as  country of origin and destination,  mode of transportation, type of container, and the type of merchandise being insured.  Request a quick  cargo insurance quote today. – helping you sleep better at night

Sunday, May 30th, 2010 mission is to help you find the most cost efficient and reliable way to ship your cargo. By filling out our simple lead form, we connect you with cargo insurance professionals. They will be able to guide you on exactly how much cargo insurance you need.

We provide our users quotes from multiple insurance carriers and agents. Our partners can provide cargo insurance quotes on both domestic and international cargo shipping.

We hope this is the first of many times you visit Our goal will always be to help you find the best cargo insurance so you can sleep soundly at night knowing that your cargo is properly insured. Worldwide Coverage

Cargo Insurance Costs – Things to consider

Sunday, May 30th, 2010

Cargo Insurance Costs for shipping 100,000 car parts via ocean liner or 500,000 pencils via air obviously will be different. However, there are a few things regarding costs to consider when shipping your merchandise domestically or internationally.

First, what method of transportation will be used to ship? The choices are numerous and include air, rail, truck and boat. Deciding which will be used to ship your goods will be the first factor in determining your cargo shipping insurance

Second, the time of year. This is something to consider because much of the world has specific times of the year where bad weather could affect  shipments. Heavy snow, rain storms, hurricanes have all affected shipments in the past. For example, If your goods are loaded on a plane, having to divert to another airport due to snow means more gas is used and more manpower hours to get to its final destination.

If you are reading this article and live in the Unites States, it is easy to assume that because our transportation infrastructure is solid, this is the case throughout the world. Sadly, this is not the case. Many developing nations could have unsafe or poor transportation. Unpaved roads, poorly built loading docks and high risk to the safety of your cargo are realities in numerous countries. If this is the case, your cargo insurance costs will be higher. How high your cargo insurance premiums will be needs to be factored in when deciding the best way to ship your goods.

If you are an importer, it would be a smart decision to visit to compare cargo insurance costs. Because cargo shipments can be very costly to ship, it is best to contact an experienced and reputable freight forwarder. And because the cost of cargo insurance can wary greatly, it is best to visit and select the best insurance company to do business with.

Freight Insurance and Permit Required for your Cargo

Monday, May 24th, 2010

Freight insurance is required in most cases to ship your goods by truck or van. You want your shipping company to meet all the federal and state standards for road freight shipping. About 85% of all goods delivered in the United States are shipped by truck from ports and warehouses. Working with respected and trusted shipping agencies is crucial. While it is important to make sure you have your freight insurance needs covered, it also makes sense that you meet or verify your shipper’s permit regulations.

Here are the permit requirements for interstate shipping in the United States. Please note that intrastate shipping (shipping that does not leave a state’s borders) must comply with the regulations of each state.

  • Truck drivers must have a Commercial Driver’s License (CDL). The Motor Vehicle Safety Act of 1986 established standards on which each state must base its CDL testing on. This is so truckers do not have a license in more than one state at a time. Class A CDL allows drivers to haul any vehicle with a Gross Vehicle Weight Restriction (GVWR) of 26,001 pounds or more. Class B CDL allows for GVWR of 26,001 pounds or towing vehicles less than 10,000 pounds. Class C CDL covers anything not in the previous CDLs.
  • The vehicle must meet all of the standards set in place by the Federal Motor Carrier Safety Administration (FMCSA). This is a department within the Department of Transportation. (DOT). These requirements range from size and weight limits, emissions, noise emissions, safety standards, and the transportation of hazardous materials.

Listed below are the freight insurance requirements for interstate shipping within the Unites States (again, intrastate shipping will have different requirements depending on the state).

  • You must file the form known as the BMC-91X and the BMC-34 with the DOT.
  • The minimum cargo insurance liability required by the DOT is $750,000 in coverage for non-hazardous goods.
  • Hazardous materials require a minimum of $1,000,000 in cargo insurance coverage for those substances listed as the “least” hazardous.
  • The most hazardous substances require at least $5,000,000 in cargo insurance coverage.
  • The Carmack Amendment to the DOT regulations makes the shipping company liable for goods if they are lost or stolen, however that minimum coverage is only $5,000.
  • This is just a brief overview of the various federal regulations and cargo insurance requirements pertaining to interstate road freight hauling. This information can provide a backbone on which to begin researching your policy. Whether you are shipping your goods or providing a trucking cargo service, these regulations are important to remember. Use to pick the company that best meets your cargo shipping needs.