Why You Should Consider Cargo Insurance
Cargo insurance protects your business from any financial loss due to severe weather, fire, unexpected container damage or loss, vessel seizure, pirates, and more. Also, without cargo insurance, months and years of legal battles can pass before you are reimbursed for your losses, which may not necessarily happen.
The Risk is Solely Yours
A common misconception among shippers is that the carrier is automatically liable for any issue because the incidents happen onboard their ship. Unfortunately, that is not the case, and that misunderstanding can be extremely costly. Generally, customers have no recourse for common issues like breakage, water damage, and severe weather, as well as more uncommon problems like fire damage, theft, explosion, or act of war.
Benefits of Purchasing Through OEC Group
You are institutionally protected by an advocate with specialized knowledge of insurance, risk analysis, carrier operations, and the overall shipping process. Additionally, by partnering with an OEC insurer, you’ll have your own dedicated team of claim experts, insurers, and customer service agents working together with access to updated documentation and information. That collaboration will combine peace of mind and industry-low prices.
LOW PREMIUM
Based on our container volumes, OEC Group can offer prices that are not typically obtainable on the open market. These rates can be obtained for most commodities and destinations without an extensive approval process.
FULL DECLARED VALUE
The shipment is covered for its full declared value and will not be subjected to limitations imposed by a carrier’s Bill of Lading or Airway Bill.
NO DEDUCTIBLES
The vast majority of OEC policies carry NO deductible. The only thing you ever pay for is the premium.
SINGLE POLICIES
We cater our insurance options to your specific needs. OEC experts steer clients away from lengthy, high-commitment, and expensive policies touted by others in the industry.
WAREHOUSE TO WAREHOUSE
We offer “Warehouse to Warehouse” coverage, giving you the option to protect your cargo throughout the transportation process.
For more information please reach out to
Joe Klobus atjk.jfk@oecgroup.com
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