ShipSimple offers Shipment Protection by adding additional insurance beyond the first $100 at a low rate of 3% of the product value with a maximum value of $250,000.
We highly recommend adding Shipment Protection if your item cost is over $100. For more information on why Insurance is important, continue reading this article.
When creating a new shipment, you will be asked to add shipping details on the 'Let's Build your Shipment' page. Here you will be able to add Shipment Protection to your shipment. Once you have entered the desired amount of insurance, you are ready to move forward in completing your shipment!
When Shipment Protection is selected, you will see the Insurance Premium on the Rates page, as well as on the Review & Confirm page, for your reference.
Insurance does not apply to all items. Here is a list of products that cannot be insured:
Glass, Liquids, Fresh food (including fruits, vegetables, meat, seafood, poultry), live plants, accounts, bills, deeds, evidence of debt, currency, bullion, securities, stamps, jewelry, furs, precious stones, fine arts, tobacco, tobacco products, alcoholic beverages, livestock or mobile phones.
Purchasing Shipment Protection for courier shipments is important for several reasons, as it helps protect the interests of both the sender and the recipient:
1. Financial Protection: Insurance provides financial protection in case the shipment is lost, damaged, or stolen during transit. Without insurance, you may have to bear the full cost of replacing or repairing the items, which can be a significant financial burden.
2. Peace of Mind: Insurance gives you peace of mind knowing that your valuable items are covered in case of unexpected events. It reduces the anxiety and stress associated with sending high-value or irreplaceable items through a courier service.
3. Legal Requirements: In some cases, insurance for specific types of shipments may be a legal requirement. For example, certain hazardous materials or high-value goods may need to be insured as per local or international regulations.
4. Risk Management: Shipping items involves inherent risks, including accidents, theft, natural disasters, and mishandling. Insurance helps you manage these risks effectively and ensures that you are not left to bear the financial consequences on your own.
5. Customer Trust: If you are a business that regularly ships products to customers, offering insurance options can enhance your reputation and build trust with customers. Knowing that their purchases are protected can make customers more confident in doing business with you.
6. International Shipments: When shipping internationally, the risks and uncertainties increase. Insurance becomes particularly important in such cases to protect against potential losses due to customs issues, delays, or unforeseen events during international transit.
7. Specialized Coverage: Insurance policies for courier shipments can be tailored to specific needs. This means you can get coverage for various types of items, including fragile, high-value, or perishable goods, ensuring that your unique requirements are met.
8. Competitive Advantage: Having insurance for your courier shipments can give you a competitive advantage, as it may enable you to offer more comprehensive and secure shipping options compared to competitors who do not provide insurance coverage.
9. Claims Process: When you have insurance, you have a clear process for filing claims in case of damage or loss. This can expedite the resolution of issues and ensure that you receive compensation for your losses promptly.
10. Avoiding Disputes: Insurance can help avoid disputes between senders and courier companies. If an issue arises, the insurance company can handle the claim, reducing the need for legal action or protracted negotiations.
In summary, purchasing Shipment Protection for courier shipments is a prudent and responsible decision that protects your financial interests, mitigates risks, and provides assurance when sending valuable items. Whether you're an individual or a business, it's important to consider insurance as part of your shipping strategy to ensure a smooth and secure transportation process.
If you have any questions please contact us by phone at 1-888-210-8910, by email at support@shipsimple.ca or contact us via live chat directly on the ShipSimple Dashboard.
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