WEDNESDAY, APRIL 20, 2022
E-commerce businesses rely on the transportation of their products from the point of origin to their destination. Many risks threaten cargo while it is in transit, and it may become lost or damaged.
Marine cargo insurance can protect against these hazards. The experienced agents at Well Insurance can work with your e-commerce business to help you find the best policy for your needs. Contact us today for more information or a quote.
What Is Marine Cargo Insurance?
E-commerce businesses often ship products over vast distances, including over the ocean, putting them at risk of damage or destruction. These losses could have significant financial implications for your business. Marine cargo insurance can provide financial protection for cargo as it is transported. 
What Types of Events Cause Cargo Damage?
Underwriters typically write marine cargo insurance as an all-risk policy or a named-perils policy. An all-risk policy provides protections for every risk that is not explicitly excluded. A named-perils policy offers coverage against the risks that are listed.
Examples of events that a named-perils policy may cover include the following:
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Smoke
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Piracy
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Collisions
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Sinking
Other coverages may be available. Your Well Insurance agent can provide additional details on options and limits. Contact us for more information.
What Are the Benefits of Marine Cargo Insurance?
Marine cargo insurance can provide safeguards against financial losses due to lost or damaged goods or merchandise. This coverage can help ensure your business remains operational when unfortunate events damage your cargo during shipment.
How Much Does Marine Cargo Insurance Cost?
Several variables may affect the price of marine cargo insurance. Factors such as the type and value of cargo being shipped, your selected limits and your claims history may impact premiums.
Contact Us Today
The team of professionals at Well Insurance are ready to work with your e-commerce business to help you secure the marine cargo insurance policy that fits your needs and budget. Navigating this area of insurance coverage may seem complicated, but we are ready to help. Contact us today to get started.
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It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
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