You ship things. Big things. Little things. Lots of things. And for the most part, the carriers you work with do a good job.
But, every now and then, bad things happen to good cargo. When that happens, you might be in for an unpleasant surprise, especially if you’re relying on your commercial insurance policy — or the carrier’s liability coverage — to protect you.Contact us
When it comes to protecting shipments from loss or damage in the supply chain, some shippers think their commercial insurance policy has them covered. However, unless you’ve added a specific endorsement in the policy to cover shipping, it may not cover your losses.
Many others automatically rely on carrier liability, assuming that it’s “insurance.” Often, shippers even declare — and pay for — extra protection, up to the value of their goods. While carrier liability can be a perfectly adequate way for some shippers to protect their goods in transit, it’s simply not insurance. It all depends on what you’re shipping, the terms you may have negotiated with your carrier and the standard limits provided by each different carrier.
The key is understanding how — or even if — you’re covered, and the impact a loss can have on your bottom line.
Storms. Fires. Accidents. Theft. Inadequate packing by a vendor. Suspected mishandling. Or just plain bad luck. In the event of a lost or damaged shipment, you may quickly discover all the gaps and loopholes in — and limits of — carrier liability. And even if you’re due compensation, you may only get pennies on the dollar. Not to mention legal fees you may have to incur to “win.”
* Unless the carrier actually packed the goods.
If your shipment never arrives, or is damaged during shipping, you want to know you’re covered. Really covered. But when you try to make a claim, you may find that the carrier liability you thought was protecting your cargo really isn’t. And your compensation may not come anywhere close to covering your actual loss.
That’s where we come in. We’re UPS Capital. We offer real insurance solutions that help mitigate risk in your supply chain, safeguard your reputation and protect your bottom line.
It’s true protection for your bottom line. You’re covered up to the full sales value of your goods.
It’s a real insurance policy. Customized for your unique business, not a one-size-fits-all program, like carrier liability.
It will likely cost you less. Seriously.
The claims process is simple and fast.
92% of claims are paid within 5 business days of receiving all required documentation.
It can be a business expense. That makes it tax deductible.
It’s flexible. Coverage can be expanded to include your warehoused inventory.
Insurance coverage is underwritten by an authorized insurance company and issued through licensed insurance producers affiliated with UPS Capital Insurance Agency, Inc., and other affiliated insurance agencies. UPS Capital Insurance Agency, Inc. and its licensed affiliates are wholly owned subsidiaries of UPS Capital Corporation. The insurance company, UPS Capital Insurance Agency, Inc. and its licensed affiliates reserve the right to change or cancel the program at any time. The insurance coverage is governed by the terms, conditions, limitations and exclusions set forth in the applicable insurance policy. Coverage is not available in all jurisdictions.