Shipping Easy launched a new guide to help online sellers better evaluate and leverage shipping insurance. According to the company, shipping insurance is more complicated than it needs to be and is often ignored, despite its affordability.
With over 5% of ecommerce shipments damaged in transit and roughly 1% stolen, there are many situations where the business case for including shipping insurance is strong, the company said.
The new Shipping Easy guide to shipping insurance makes it easy to:
- Understand which items can and cannot be insured: Insurance providers will not insure certain types of items or items sent to certain destinations. We help you understand these limitations and provide links to additional detailed resources.
- Decide which items should be insured: Most carrier services include some level of default coverage; we help you understand these defaults for major carriers and explain how to evaluate shipment value versus various risk factors to determine the business case for adding supplemental insurance.
- Understand the claims process: Every carrier has its own rules on filing claims. We help you understand the process, applicable timing rules, requirements for proving a loss, how to prove the value of the shipment, and typical settlement time frames.
You can download the new guide at no charge on the Shipping Easy website.