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Debunking Common Misconceptions About Shipping Insurance!

by | Nov 27, 2024 | Business Shipping

Many businesses overlook shipping insurance, often based on misconceptions about what it covers, its cost, or whether they truly need it. Here, we’ll debunk common myths surrounding shipping insurance, showing why it’s a valuable safeguard for your business.

Common Misconceptions About Shipping Insurance

Not all people see Shipping insurance as a saving grace due to various misconceptions. Here are some of the common ones and we will try to clear them out –  

1. Myth: “My Courier’s Basic Insurance Is Enough”

  • Explanation: Many couriers offer minimal insurance, often capped at a low amount (e.g., $100). High-value shipments, like electronics, luxury items, or large orders, are often underinsured with basic coverage.
  • Solution: ShipSimple’s high-value insurance provides up to $250,000 in coverage, so businesses can confidently ship valuable goods without financial risk.

2. Myth: “Shipping Insurance Is Too Expensive”

  • Explanation: Many assume that comprehensive shipping insurance is unaffordable, but affordable options are available. High-value insurance doesn’t have to eat into your margins.
  • Solution: With ShipSimple’s competitive rates, businesses of all sizes can secure high-value insurance at a reasonable cost, offering protection without stretching the budget.

3. Myth: “The Claims Process is Complicated and Time-Consuming”

  • Explanation: Traditional insurance claims are often associated with tedious paperwork and long wait times, deterring some businesses from purchasing coverage.
  • Solution: ShipSimple’s claims process is fast and user-friendly. Our support team manages claims from start to finish, ensuring a smooth experience and swift resolution.

4. Myth: “We Don’t Ship Enough High-Value Goods to Need Insurance”

  • Explanation: Even occasional shipments of valuable items can expose businesses to significant risk. One lost or damaged shipment could impact the bottom line.
  • Solution: ShipSimple’s high-value insurance can be applied on a per-shipment basis, making it a flexible option for businesses that occasionally ship higher-value goods.

5. Myth: “Only Luxury Items Need Shipping Insurance”

  • Explanation: While luxury items often need high-value coverage, products like electronics, machinery, and high-volume orders can also require protection.

Conclusion 

Shipping insurance is often misunderstood by the masses, but its an essential aspect for protecting your valuable shipments. It also helps with boosting customer trust, and safeguarding the bottom line. ShipSimple’s high-value insurance debunks these myths with affordable, hassle-free protection that fits any business model.
So what are you waiting for? Get your shipments protected with ShipSimple. Contact us today!

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Mona Sohal

Mona Sohal

Director of Operations

A business professional with 15 years of industry experience in finance, insurance, technology, and logistics. For the past 7 years, I’ve been with ShipSimple, where I serve as the Director of Operations. My journey in the logistics tech space has been all about finding innovative ways to simplify shipping for businesses. I’m passionate about empowering business owners with the right tools and insights to help them grow and streamline their operations. I believe that by leveraging technology and smart solutions, we can make shipping easier and more efficient for everyone.

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