LoadFlex Logiistics can direct you to one of the best insurance broker in USA who provides:
All Risk – Covers the goods against damage (partial or total) from physical and external cause including theft, and catastrophe. This is the highest form of coverage on the policy and will protect the goods while in transit for any physical external cause damage.
Total Loss – This policy covers against total loss/catastrophe of entire shipment. This policy does not cover the goods against partial loss.
Named Perils - Total Loss or PARTIAL damage /loss to shipment resulting from following risks during transit: collision, overturning the truck, train, boat, derailment, fire, lightning, sprinkler leakage, cyclones, hurricanes, earthquakes, floods, collapse of dock, jettison, stranding, and sinking.
The standard practice is to cover the invoice cost of the cargo being shipped, plus freight costs, plus 10% to cover any additional expenses associated with the shipping cost.
Shipments can be insured instantly, electronically, issued online or reported weekly or by your company. This way, unlike property policies, the cargo policy can be issued on a "pay-as-you-go" basis. Annual policies are also available for heavy volume activity.
