Cargo Insurance

As a logistics service provider, you’re contracting with truckers to move your client’s goods and depending on reputable carriers to get your cargo to its final destination intact. You also depend on your carriers to take the measures necessary to prevent loss and minimize risk to the cargo, including from cyber threats. But the reality is that cargo theft continues to be costly for the industry, with estimated losses between $15 billion to $30 billion a year, according to the FBI. Cargo theft includes misdirected loads, identity theft, straight theft, fictitious pickups, broker scams, use of legitimate companies unbeknownst to […]

In the latest edition of Roanoke Insurance Group’s “Cargo Insurance in Action” series where our goal is to provide you with insight as to the type of exposures and incidents that can result in substantial losses and to underscore the importance of carrying Cargo insurance, we’re sharing the details of a recent claim involving the shipment of wind turbine blades. As businesses continue to search for alternative energy sources bringing significant opportunities for wind power firms, the transportation of wind turbine blades into the United States can be an oversized and complex logistical challenge. Single blades can exceed 200 feet […]