Unlike goods kept in a warehouse, freight-shipped products experience a variety of environments and challenges. This applies whether your goods are going across town or across the world. Freight liability insurance can ease your mind when your goods need to travel from one point to another. Here are some of the coverage options you need to know about.
If you are using a carrier service that is not directly related to your business, that could mean the driver does not love your product as much as you. Some liability insurance programs can cover you if there is carrier negligence involved in the damage of your goods. You may also recuperate your material expenses in certain cases of loss or outright destruction. Coverage rates vary, but getting back even a fraction of your material costs is better than getting nothing at all.
You have put a lot of time and money into your product, so it is essential that it arrives at its destination in good order. Freight liability insurance is a good way to get peace of mind regarding your goods as they travel out your door and to your distributors or customers. Whether traveling by truck, plane or boat, liability insurance is a good start to protecting your investment.