April 06, 2022 | Cargo Insurance
Roanoke Featured on American Shipper, Answers Question “Will the Carrier Pay my Cargo Claim?”
In the absence of shipper’s interest cargo insurance to protect the cargo owner against financial loss, carrier’s liability is all that remains, and cargo owners are often disappointed by the all-too-common misconception that the carrier will fully cover their loss. They might even ask the logistics service provider, “They’re going to pay for this, right?” Such misconceptions are mainly present in claims scenarios when negligence seems evident, or a party has admitted fault. Ultimately, the cargo owner is appalled by a nominal award amount that falls far short of the owner’s financial loss.
In an article on American Shipper, Roanoke dives deeper into carrier limitation in liability, the Himalaya Clause, and what you can do to stay ahead of financial loss.
With the right cargo insurance in place, you can avoid the unwanted surprise of insufficient claim payments. Roanoke was the first provider of customs import bonds as well as the first appointed ATA Carnet provider in the United States. We have decades of partnership with the trade community as a trusted provider of insurance, surety bonds, ATA Carnet products and specialty services. If you’d like to learn more, please read the complete article on American Shipper or contact our team today.