What is the benefit of getting cargo insurance for my business?

The shipping and transportation industry is a very important one that has a lot of presence in the Portland, OR area. If you are in this industry, finding ways to protect the organization is very important. One of the best ways to do this is by getting a cargo insurance plan.

There are various benefits that come with getting this type of coverage here:

Financial Protection for Cargo

One of the key benefits that will come with getting a cargo insurance plan is that it can offer financial protection. When you choose to purchase a cargo insurance plan, it will protect the cargo that is being stored or transported. This way, if you are a victim of theft, vandalism, fire, or another risk, having cargo coverage will be helpful as it will ensure you can replace these assets. This could save a lot of money and protect your organization moving forward.

Comply with Requirements

If you store cargo during the shipping and transportation process, you may be required to carry cargo insurance. It is common for your clients and other interested parties to require you to have cargo coverage as it ultimately provides them with some coverage and protection as well. When you continue to carry a full cargo plan, it will keep you in compliance with such obligations.

We Can Help

If you own any type of shipping or transportation business in the Portland, OR area, having a quality cargo insurance plan continues to be critical. As you are looking to build one of these policies here, it can be a great idea to call our team at Choice One Insurance Inc. At Choice One Insurance Inc. we understand the value of this coverage, and we can help you build your next policy.