CARM: What all importers need to know about CARM

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Insurance primer

Protect your business interests by ensuring you understand what is covered by your cargo insurance policy – and what is not.  Without proper insurance, even one loss can have a huge impact on your bottom line.

You can choose from three basic levels of coverage:

  • Institute Clause A (widest insurance coverage & highest premium);
  • B (more restrictive coverage & moderate premium); and
  • C (most restrictive coverage & lowest  premium)

Be sure to review the coverage in place for your shipments and ensure it is adequate for your needs.

Quick Tip #53
Always have a back-up plan

Do you have a Plan B when something goes wrong with a shipment?  It happens sooner or later with every company that has regular shipments.

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