by shipsimple | Apr 1, 2026 | Shipping Insurance
Key Takeaways The Tipping Point: According to Verisk CargoNet, the total value of stolen freight has surged by 60% to nearly $725 million, proving that thieves using spoofed codes steal significantly more than those using bolt cutters. The Cyber Exclusion...
by shipsimple | Mar 31, 2026 | Shipping Insurance, Food & Beverage
Key Takeaways The Incident: The March 2026 KitKat Heist, involving the loss of 12 tons (413,793 bars) of limited-edition chocolate, highlights the immediate, critical need for aggressive cargo theft prevention. The Threat: Consumables are the new high-value target....
by shipsimple | Mar 22, 2026 | Shipping Insurance, Marine Cargo
Key Takeaways Strategic Financial Protection: In March 2026, a Canadian business shipping a $100,000 container is only protected for approximately $7,000 under the Marine Liability Act’s default limits. Proactive Marine War Risk Insurance empowers you to cover...
by shipsimple | Mar 16, 2026 | Shipping Insurance, Marine Cargo
Key Takeaways Proactive Asset Protection: The Port of Vancouver handles roughly one out of every three dollars of Canada’s non-US trade. By implementing an automated risk management strategy, executives can completely secure their high-value assets against...
by shipsimple | Mar 13, 2026 | Shipping Insurance, Marine Cargo
Determining which of the Institute Cargo Clauses is best for your ocean freight comes down to selecting Clause A for comprehensive all-risk coverage, rather than the restrictive named perils of Clauses B or C. By securing Institute Cargo Clauses A, shippers guarantee...
by shipsimple | Mar 11, 2026 | Shipping Insurance, Marine Cargo
Ocean Freight Insurance is a specialized, all-risk maritime policy designed to protect shippers from catastrophic financial loss during seaborne transit, explicitly covering total physical destruction and shared liability declarations like General Average....
by shipsimple | Mar 10, 2026 | Shipping Insurance, Marine Cargo
The ultimate executive answer to mitigating tariff-related cargo exposure lies in proactively structuring your insurance to cover the fully landed cost, definitively including all non-refundable duties. If your logistics risk model only insures the commercial invoice...
by shipsimple | Mar 9, 2026 | Shipping Insurance, Freight
Key Takeaways The Uncomfortable Truth: In 2026, the national cargo recovery rate in Canada has plummeted to just 9%, as organized crime rings now use ‘secondary vehicle transfers’ to disperse stolen goods within minutes of a fictitious pickup. The...
by shipsimple | Mar 8, 2026 | Shipping Insurance, Freight
Key Takeaways The 2026 Liability Paradox: While the average value of a Canadian LTL pallet has increased by 22% since 2023 due to high-tech manufacturing, the standard carrier liability has remained stagnant. This creates a ‘Valuation Gap’ where a...
by shipsimple | Mar 6, 2026 | Shipping Insurance, Freight
Key Takeaways The Uncomfortable Truth: In 2026, standard rail carrier liability often caps at a mere $0.50 per pound, meaning a container of semiconductors worth $1M is only protected for roughly $20,000 – a 98% coverage gap that most shippers ignore until...
