Do you value your Cargo and is it suitably insured?
Are you put off from insuring the full value of your cargo because of excessive premiums charged by insurance companies?
We find this is a common perception when we ask customers if they have suitable cargo insurance to protect against loss or damage before shipping.
Through research and listening to our customers, we find going to an insurance company direct, cargo owners are typically quoted excessive premiums starting from a minimum £150 for cover.
Not only is this excessive, we have also found little consideration is given to understanding the value or type of cargo being shipped.
Getting comprehensive premiums at sensible rates
When booking your cargo we advise you ask your Freight Forwarder to provide a cargo insurance quote. Your Freight Forwarder will understand the specifics and logistics involved, and match this to the value of the goods. This means your cargo insurance quote can be tailored specifically to your shipment, ensuring your are not paying unnecessary insurance premiums.
We are pleased to have been able to create a complete solution through our ‘First European Cargo & Insurance Service’ with access to insurance quotes and policies from one of the largest Cargo portfolios in the London Market.
Not only does this mean you get a better premium, all your logistical needs can be consolidated through one provider, meaning you’re not having to manage various contacts, emails and invoices through multiple companies.
Jenna Tattersall, MD at First European explains “Getting cargo insurance through a dedicated logistics company saves an enormous amount of money in both premiums and your time.”
“As an example, one of our customers ships mechanical parts worth €8,000 to and from Belgium. Using our ’First European Cargo & Insurance’ service, we were able to provide a quote for the Cargo Shipment and a Comprehensive Insurance Cover at just £20 each way”.
“Not only is that a big £ saving for the customer, coming through First European, we were also able to save them a lot of time and effort getting numerous, competitive quotes”.
You can read more about Goods In Transit Insurance on our Service page click here.