March 30, 2007, Newsletter Issue #57: Insurance for Your Shipment

Tip of the Week

Most shippers offer some form of insurance, but you may feel more comfortable with those that also offer tracking numbers and some guarantee of reimbursement for lost items. However, carriers tend to set low limits on their own liability.

If you are shipping a large quantity of valuable goods, you may wish to purchase separate shipping insurance. Look for a company that offers "primary" rather than "contingent" insurance -- the latter covers you only if your carrier denies the claim, which could leave you with inadequate protection.

A number of companies now exist to insure shipments made as part of online businesses. Be sure to compare a variety of quotes, check out company reputations, and investigate whether your shipments could be covered as part of your regular business or homeowner's insurance.

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