When you ship a package out, whether it be as an individual or as part of a business, you are taking a risk that the package may not arrive in the perfect condition that it was sent out in. There is a long list of things that can go wrong, so the shipping carrier service that you use will often offer insurance on your package.
The new compliance regulations for 2020 were put in place to help in many areas of environmental concern.
Shipping pharmaceuticals and medical equipment is more common now than ever. Whether you manufacture medicine, operate a medical storage facility, or a have mail-order pharmaceutical company, you are shipping life-saving mediations and equipment that is potentially more fragile than glass.
Those with e-commerce experience are probably aware of the frustrations that come along with the order fulfillment process. Receiving, processing, sending, and tracking shipments to customers can be one of the most challenging and time-consuming aspects of life for an online retailer.
Every successful insurance broker or agent knows how important it is to be attentive to the ever-changing expectations of their clients. It is always useful to gain more insight into how clients think and what the need to be satisfied. Check out this survey-backed data that explains the main risk management challenges businesses face, areas where there is a perceived service gap, and what employers look for when choosing a broker.
Tags: Shipping Insurance
Organizing the import and export of goods, both domestically and internationally, requires a laser focus on details and the ability to adapt when things don’t go as planned. There are many parts of shipping that rely on completed paperwork, transparent communication, and an understanding of the hoops that need to be jumped through.
Ironing out all these details beforehand can make the shipping and payment process much easier for import and export partners. As the governing body of international trade, the International Chamber of Commerce has laid out some regulations for the financial responsibilities of buyers and sellers. These responsibilities, called Incoterms, are in place to regulate and streamline the financial obligations of importers and exporters.