Shipping insurance will reimburse the sender for the losses incurred if a package is lost, damaged, or stolen in transit or after delivery. These covered costs include the value of the items and the shipping charges.

AmTrust Warranty and Specialty Risk offers two main types of shipping insurance programs: Freight and Parcel.

Having shipping insurance coverage is vital when utilizing freight carriers to transport large quantities of items. With insurance for shipping, a business could avoid massive fees and profit losses.

Insurance for packages sent with parcel carriers is also an important coverage when shipping smaller quantities or single items. Should the package be damaged or stolen upon delivery, shipping insurance will cover the value of the product and the costs incurred to ship it.

The benefits of a shipping insurance policy include:

• Peace of mind. Sending expensive items can be a nerve-wracking experience, and shipping insurance can help ease your mind that your valuable packages are covered in the event of damage or other losses.
• Financial loss protection. Shipping and package insurance can save your business a substantial amount of money by covering the cost of replacing or repairing damaged or lost items.
• Improved satisfaction levels. Businesses that regularly ship packages to customers or other businesses can see higher levels of satisfaction, as they know their items are protected with shipping insurance in case any issues arise during or after transit.

The cost of shipping insurance depends on several factors, including the value of the items being shipped, the shipping method used, and the country where the package is being sent.

Shipping insurance is available through AmTrust Warranty & Specialty Risk. Our team is ready to design the right program that meets your specific needs.