CARM: What all importers need to know about CARM

Universal Logistics - Take The Right Route Logo with 70 Years Badge

Route Article

The perils of being under insured

Make sure you read the fine print before purchasing insurance abroad for freight shipments.  A common mistake is to assume that minimum insurance gives you some degree of protection against all perils when, in fact, it actually excludes many perils. 

Protect your business interests by insuring you buy a policy that gives you protection against all perils.

     Vickey Ison, Office Manager – Cleveland
 

Vickey Ison,
Office Manager – Cleveland

Quick Tip #14
Don’t just insure the value of the goods

When insuring your freight, you are fully entitled to value your goods at a price above the base cost. Valuation of goods may include all freight charges, related costs, plus 10% (or more) to cover the administrative burden of processing a claim and to cover the insured’s profit. Since duty is still payable on damaged goods, make sure you insure the amount of duty as well.

Switch to a Logistics
Partner Who Cares

Click the button below to find out why we’ve been Canada’s most trusted freight forwarder and customs broker for over 75 years.

Professional business people team meeting and working in corporate office concept

Register now to learn more about our

101 Logistics Quick Tips

Available exclusively from Universal Logistics