CARM: What all importers need to know about CARM

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Know what type of insurance is available – and what’s best for your business

An open policy is typically for companies that have a regular frequency of goods in transit.  The contract will cover all shipments that are within the scope of the insurance.  Premiums are debited monthly or quarterly.

An individual Certificate or Policy is an insurance contract for a particular shipment, and is put in place on a per shipment basis.

Quick Tip #30
Double check your insurance coverage

Don’t make the mistake of assuming your insurance coverage covers everything you ship.

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