by Mona Sohal | Oct 23, 2024 | Shipping Insurance
Key TakeawaysShipping insurance for electronics protects the declared value of your devices against physical loss, theft, and external transit damage.Internal electronic failure without external evidence of package damage is excluded under standard policies, meaning...
by Mona Sohal | Jul 30, 2026 | Freight Insurance
Key TakeawaysHeavy equipment transport costs in Canada are driven by cargo dimensions, travel distance, specialized trailer requirements, and provincial oversize permits.Standard carrier liability caps recovery at $4.41 per kilogram ($2 per pound) on a standard bill...
by Mona Sohal | Jul 31, 2026 | Shipping Insurance
Key TakeawaysSecuring cargo insurance for Ritchie Bros requires declaring the actual auction invoice value and electing CIF + 10% valuation at the time of booking.Standard carrier liability caps payouts at $4.41 per kilogram ($2 per pound) on a standard bill of...
by Mona Sohal | Nov 6, 2023 | Shipping Insurance
Key TakeawaysHigh value shipping insurance is an All-Risk Shipper’s Interest policy that values goods at invoice cost or CIF + 10% when elected at booking.Standard carrier liability caps payouts at $4.41 per kilogram ($2 per pound) on a standard bill of lading,...
by Mona Sohal | Jun 23, 2025 | Shipping Insurance
Key TakeawaysAerospace shipping insurance values your goods at invoice product cost or CIF + 10% when elected at booking, avoiding standard weight-based carrier liability limits.Standard carrier liability caps payouts at $4.41 per kilogram ($2 per pound) unless a...
by Mona Sohal | Jul 12, 2024 | Shipping Insurance
Key TakeawaysValuable shipments require specialized packaging, discreet labeling, and proactive tracking to mitigate the severe financial risks of transit damage and cargo theft.Standard carrier liability caps payouts at $4.41 per kilogram ($2 per pound), leaving...
by Mona Sohal | Jul 9, 2025 | Shipping Insurance
Key TakeawaysShipping insurance is a dedicated financial policy that protects the declared value of your goods against physical loss or damage during transit.Carrier liability caps payouts at $4.41 per kilogram ($2 per pound) on a standard bill of lading, unless a...
by Mona Sohal | Mar 16, 2026 | Shipping Insurance
Key TakeawaysThe Port of Vancouver handles millions of TEUs annually, making proactive risk management essential for enterprise importers navigating complex global trade corridors.Relying on standard maritime carrier liability exposes your business to the $500 COGSA...
by Mona Sohal | Aug 7, 2026 | Shipping Insurance
Key TakeawaysBuyers have exactly eight business days to remove equipment from an IronPlanet or Ritchie Bros facility before facing penalties or abandonment.The buyer assumes 100 percent of the transit risk the moment the machinery leaves the seller’s...
by Mona Sohal | Jul 22, 2026 | Freight Insurance
Key TakeawaysLogistics directors can avoid multi-day broker delays by using automated platforms to secure up to $500k in freight machinery cargo insurance instantly.All-Risk Shipper’s Interest coverage protects the value you declare at booking, rather than...
