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INSURANCE



Services


SERVICES

 * Overview
 * Air Freight
 * Ocean Freight
 * Customs Brokerage
 * Domestic Distribution
 * Insurance
 * DDP & Fiscal Representation


WE’VE GOT YOU COVERED

Did you know that air carriers and ocean carriers typically only provide limited
cargo insurance coverage? We work with several underwriters to offer “all-risk”
coverage at competitive rates, unlocked through our bulk buying power, to
protect your goods from door to door.


DON’T LEAVE SHIPMENTS UNPROTECTED

Two important things to know when considering the limited general liability and
coverage provided by the air freight and sea freight carriers:

 1. The general provision under any air, ocean, warehouse, or trucking bill of
    lading is only limited liability. The maximum exposure for carriers on
    claims involving shortages and damages is limited to $500 per shipping
    container. That means if the value of your cargo is $50,000, the most you
    would potentially receive in a total loss is $500 or 1 percent.
 2. Due to the complexities of international cargo and the multiple parties
    involved, there are often multiple claims filed to the perceived responsible
    parties involved in a claim. The average time for processing and concluding
    a claim is 10-12 months.


SAFEGUARD YOUR CARGO FROM THE UNEXPECTED

If your company does not have cargo insurance, we would strongly recommend that
you obtain it either through Unique Logistics or under your own policy. Having
cargo insurance will limit your company’s financial exposure.

Here are some of the advantages of carrying cargo insurance on your
international air/ocean shipments:

 1. Claims are processed within a shorter time frame.
 2. Coverage includes the freight, commercial invoice value (the purchase cost
    from vendor/export value declared at origin), customs duty, and a 10 percent
    residual value.
 3. Cost is less than 0.5 percent (half percent) of the cost of any imported
    commodity.

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