What is eCommerce Shipping Insurance?

Posted by Benjamin Meskin on Apr 11, 2019 1:43:54 PM
Benjamin Meskin


eCommerce has rapidly changed how people shop. Technology allows customers to connect with individuals and businesses around the world with just the click of a button. Businesses large, small, and everything in between can take advantage of online retailer options as a way of reaching a bigger customer base. From independent artists to large, online retailers, from Etsy to eBay to original websites and more, everyone with a business idea can jump on board the internet shopping train as quickly as you can get your business off the ground.


In order to take full advantage of the opportunities provided by e-commerce options, businesses must have a good reputation for getting their products where they need to go, on time, and intact. No matter what shipping methods are used, having the right kind of e-commerce shipping insurance can bring peace of mind to companies as well as their customers.


What is Shipping Insurance?


Shipping insurance is added protection for your valuable shipments. Should your package be damaged, stolen, lost, or more, your insurance will cover the worth of the item so you won't lose money. It's the best method for protecting your valuable, fragile, and sensitive items, wherever their destination is. This gives you the peace of mind that should something happen to your product, you can offer a replacement to the customer without sacrificing any profit.


To see if shipping insurance is the right solution for you, check out our blog: "Is eCommerce Shipping Insurance Worth the Cost?" 


What You Need To Know 


There are a few essential elements to shipping. As a business working in part as an online retailer, you want to make sure your items are being shipped to your customers quickly and safely. You want to be able to track your shipment, so your customers know when to expect their package. If something goes wrong, you want to know where your shipment ended up. You want to have insurance for your product in case it is damaged, lost, or stolen.


When shipping your items, it is important to consider the following:


  • Supporting documents
  • Tracking
  • Shipping cutoff times
  • Parcel insurance
  • Safe and consistent delivery of items
  • Claims processing procedures


Whether you are shipping a piece of art or multiple boxes of other goods, proper packaging ensures the safety of the items being shipped. Always label boxes as fragile if they contain fragile objects and be sure to attach the proper customs forms if shipping internationally. International tracking is available through Cabrella’s parcel insurance, so you can always stay on top of where your package is.


Insurance can be purchased through your carrier but might not always be enough to cover the full value of your items. Third-party shipping insurance can insure your items for their full value, as well as provide essential tracking information for every portion of your shipment’s journey from your hands to the client’s. This can make tracking your package easier, whether you are shipping domestically or internationally.


To compare third-party shipping providers, check out our blog: "Choosing the Best Parcel Insurance Provider."


The Benefits 


Shipping insurance is incredibly beneficial if something were to happen to your shipment in transit. If an item is damaged, lost, or otherwise inconvenienced before it gets to your customer, shipping insurance allows you to file a claim to remedy that situation, or at least compensate you for the item’s value. Items that are of high value, oversized, fragile, or otherwise difficult to ship can benefit from being protected by an insurance policy.


Not all carriers are able to insure certain goods, which may limit what shipping options are available for people who are looking to ship high-value, fragile, or other restricted items. Cabrella can provide package insurance with coverage limits up to $150,000 for items like firearms, electronics, or other sensitive goods. Some insurance companies like Cabrella offer their clients the ability to file a paperless insurance claim in minutes if something has happened to your shipment.


Save Money With Third Party Solutions


In addition to providing customized shipping insurance that meets your e-commerce needs, Cabrella can often beat the insurance prices of other carriers, making it simpler and more affordable to protect your cargo wherever it may go in the world. The more business you have, the easier it is to ship, the more you save, and the better the relationship you’ll continue to have with your clients around the world.


Cabrella offers customized e-commerce shipping solutions for individuals and companies in a wide variety of industries. From art to musical instruments, fragile and valuable items and more, Cabrella can insure your shipments and get them where they need to go. By purchasing insurance coverage through Cabrella, you get up-to-date tracking information, signature confirmation, monitoring of regional risk assessments, and can save money on regular shipments.


For more information about how Cabrella can save you money over common carriers, check out our blog: "FedEx vs. Cabrella Shipping Insurance."


Want More Tips For eCommerce Businesses?


Check out our newest white paper: "The Secrets of eCommerce Customer Retention." Did you know that returning customers spend 67% more than first time customers? This white paper explores tips and strategies to find ways to convert one-time shoppers into loyal, repeat customers. Click the link below to start reading!


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