Your Guide to All-Risk Shipper’s Interest Insurance
Because precious cargo like yours needs protection like ours. At NESW Solutions, we pride ourselves on delivering high-quality service when helping ship your cargo, but things don’t always go as planned. The unfortunate reality is that some shipments may become damaged or lost in transit, so it’s important to take preventative measures to protect your investments.
While US law provides protections for basic levels of cargo loss and most LTL carriers provide a certain level of “carrier liability” per shipment, they may not cover the entirety of your losses and can take upwards of 90 days. That’s why GlobalTranz has partnered with Falvey Insurance Group and McGriff Insurance Services to offer first-party all-risk shipper’s interest insurance to protect your freight throughout transit without breaking the bank.
Why invest in all-risk insurance?
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Full Cargo Value Coverage
Gain the broadest available coverage based on the declared invoice of the freight, not the tariff of the carrier, and ensure that every bit of your shipment is covered.
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Faster Claims Processing
Claims are generally settled in 30 days or less from notice, since our claimants work directly with claims adjusters to quickly resolve concerns.
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Peace of Mind
Breathe easy knowing that the full value of your shipment is covered, including any applicable freight charges
Examples and Differences
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Coverage Price Example
Policy: $6000 of Coverage cost $30
Carrier Comparison: Anywhere from $75 to $150
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Carrier vs Policy
Carrier pays based on cost to produce goods.
Policy pays on sales invoice of goods
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Resolution Time
Carrier: Most carriers are self insured so they will take as long as possible to settle claim. This can take 6 months or more.
Policy: Usually resolved between 30-60 days
