Discover how you can keep customers satisfied, reduce your business risks and stand out in the competitive logistics market by offering cargo insurance.
With thousands of freight forwarders and logistics providers in Asia Pacific, it is a real challenge to stand out from the competition.
These days, shippers have numerous options at their disposal to move their freight around the world.
So how can you differentiate yourself from other transport operators? What should you do to attract new customers and keep existing customers satisfied with your services? Do you provide value-added services like cargo insurance? Do you incorporate cargo insurance as part of your process to reduce your business risks?
Let’s start by clearing up a common misconception – the difference between freight liability and cargo insurance:
A freight forwarder was hired to arrange for a shipment of machinery valued at USD 50,000.
The shipment was received and upon further inspection, the machinery was found to be damaged. The shipper filed a claim against the freight forwarder.
Subject to the standard trading conditions, where limitations of liability and exclusions apply
Compensation is as per the policy of insurance.
Full settlement of USD 50,000
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Disclaimer - The content of the above article is not intended to constitute professional advice. Although all content is believed to be accurate, Chubb Insurance Singapore Limited (Chubb) makes no warranty or guarantee about the accuracy, completeness, or adequacy of the content of this article. Users relying on any content do so at their own risk.
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