Business owners who are new to the world of international couriers and freight forwarding services will need to do quite a bit of research before sending their first shipments. A crucial thing to find out about is air freight shipping insurance, which can help to protect your shipments and consignments and the future of your company.
The first thing you will need to know about air freight shipping insurance is that generally speaking, most freight forwarding services, airlines and other supply chain parties operate under limited liability conditions. This means that as a customer, you may not receive full compensation equal to the value of your goods if they are lost or damaged in transit.
Some freight forwarding services will offer extended insurance cover, but if yours doesn’t then you will need to arrange it yourself. Ideally, your policy should cover the full amount it would cost to replace damaged or lost goods, plus any other freight shipping costs. Make sure you have this cover, as you could end up out of pocket without it, particularly if you plan to ship valuable goods.
The only drawback with this type of air freight shipping insurance is that it doesn’t always cover consequential loss. This is the financial loss your business may suffer if your shipment is lost or delayed by an excessive period of time. To see if you are covered for consequential loss, check with your insurer or your freight forwarding service.
It can be very complicated to work out what kind of air freight shipping insurance cover your business will need to take out, which is why it’s a good idea to seek professional advice. The first place to seek this advice is your freight forwarding service, which should be able to tell you what kind of insurance you need.
Air freight shipping insurance is essential for protecting your shipments and parcels, so make sure you don’t forget it.
If you are travelling this summer and have more luggage than your allowance you can send this excess baggage by using air freight services. One company that is a specialist in this field is transglobalexpress.co.uk. Try their web site for the latest prices and shipping costs.
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