High Value, High Risk: how to make sure your cargo is protected.

Is your cargo protected? Here is a 4 step list of what to make sure that risks are mitigated:

1. Check your insurance coverage. First, you need to know the value of your cargo. Generally, anything worth more than $100,000 is considered high value. An all-risk shipper’s interest insurence policy can cover any insurance gaps in a shipment without the need for the shipper to prove liability. These insurence policies are fairly affordable: a $600 premium, for example, could get you up to $500,000 in coverage.

2. Use only reputable carriers. When working with a brokerage or a carrier, understand the process they have in place for selecting the best possible drivers and equipment. Ask for documentation/procedures whenever the operation is complex.

3. Know the load requirements. High-value loads often involve moving oversized or over-dimensional equipment. That means you may need to secure government permits and escorts to move the cargo properly.

4. Enlist a transportation partner. Transporting high-value freight is often complex and involves many different functions. A third-party logistics or transportation management company can serve as an all-in-one resource for procuring the carrier, helping with insurance, planning the route and keeping deliveries on schedule.

(We can help!! Please check our website: www.xcellogis.pt)

Jully, 2017