Revolutionize Logistics Insurance Strategies Save Big Now
Logistics insurance encompasses various types of coverage, each designed to address specific risks:
- Cargo Insurance: Covers loss or damage to goods during transit.
- Liability Insurance: Protects against claims arising from damages or injuries caused during transportation.
- Freight Insurance: Specific to the freight forwarder's liability for goods in their care.
Understanding these options allows you to tailor your insurance strategy to your unique business requirements.
Real-World Examples and Data
According to the International Union of Marine Insurance, global cargo insurance premiums reached approximately $16 billion in 2020, highlighting the industry's vast scale and importance2. Companies like Maersk and DHL have successfully implemented advanced logistics insurance strategies, leading to reduced costs and improved service reliability3.