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...
by Mona Sohal | Jul 21, 2026 | Freight Insurance
Key TakeawaysStandard carrier liability caps payouts based on weight, legally allowing carriers to pay as little as $4.41 per kilogram ($2 per pound) on a standard bill of lading, unless a higher value is declared.Calculating your Total Cost of Risk requires...
by Mona Sohal | Jul 24, 2026 | Freight Shipping Insurance
Key TakeawaysIntermodal freight shipping exposes high-value machinery to severe financial risk because standard carrier liability is strictly capped by weight.The standard carrier liability limit is strictly capped at $4.41 per kilogram ($2 per pound) on a standard...
by shipsimple | Sep 2, 2026 | Shipping Insurance
Key TakeawaysComicConnect operates on FOB Shipping Point terms, meaning the buyer assumes all financial risk the moment the carrier picks up the lot in New York.Standard carrier liability caps payouts by weight and requires proof of carrier negligence, making...
by Mona Sohal | Mar 31, 2026 | Shipping Insurance
Key TakeawaysThe March 2026 KitKat Heist, involving the loss of 12 tons of limited-edition chocolate, highlights the immediate need for aggressive cargo theft prevention.Consumables are the new high-value target, with Food and Beverage theft spiking by 47 percent as...
by Mona Sohal | Mar 22, 2026 | Shipping Insurance
Key TakeawaysMarine War Risk Insurance is a specialized coverage facility that protects commercial cargo from the financial impacts of geopolitical conflict, piracy, and hostile seizures, which are strictly excluded under standard freight policies.Strait of Hormuz...
by Mona Sohal | Mar 8, 2026 | Freight Insurance
Key TakeawaysThe 2026 Liability Paradox: While the value density of Canadian manufactured goods continues to rise, standard Carrier Liability remains stagnant at $4.41 per kilogram ($2 per pound), creating a massive financial gap for shippers.The Strategic Upgrade:...
