Freight Insurance: Do You Need It?

Q: Freight insurance: Do you need it?

A: Freight insurance protects your customers and your business from financial losses resulting from freight that's damaged or lost while in transit. While the carrier provides a certain amount of freight insurance coverage automatically, it's rarely enough to cover losses for businesses that routinely ship goods to customers.

There are many ways a shipper or receiver of goods can protect their financial investment. Understanding the different types of available business insurance and how each may help a business minimize the negative effects of lost or damaged goods will help determine which policies are a good fit.

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