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Errors and Omissions
When Mistakes Happen, Know You’re Covered: E&O Insurance for Customs Brokers
A customs broker’s daily operations involve attention to detail, extensive documentation and keeping abreast of constantly changing rules so that your business remains in compliance. Yet unintentional mistakes and inadvertent errors can and do happen, particularly in a business environment where requests from clients are for “yesterday”. The opportunity for errors is further heightened in the hustle and bustle of today’s new normal for transportation intermediaries. What type of things can go wrong? Everything from failing to follow instructions, incorrect classification of goods, improper quote charges, and unauthorized release of goods, to improper document preparation, failure to properly […]
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