Shipping insurance is purchased by your business and provides coverage for packages that are lost, damaged or stolen by porch pirates. It can cover loss or damage up to the insured value of the goods, plus shipping costs.
NOTE All packages must be fully insured after registration before any form of shipment will take place. This is to reduce the pressure on the courier as insured packages will be taken good care of. It should be noted that there his insurance fee is 100% refundable upon package delivery! This is to say you get the money back along side your package 📦
You can purchase insurance coverage for your mailpieces for up to $5,000 in indemnity to protect against loss or damage. Insurance fees are based on the item's declared value. There are limitations for insuring some products and certain items. Why is insurance important in shipping? In the logistics industry, insurance provides essential peace of mind to businesses by mitigating the financial risks associated with potential losses, damages, or disruptions within the supply chains. This ultimately safeguards a company's bottom line and ensures continuity of operations. Who pays shipping insurance? Buyer should pay for shipping insurance that the seller provides and claims on behave of the buyer if issues arise.
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