Call Us 215-493-4170 ☰ ˟
Get A Quote Refer A Friend
Logo
215-493-4170
  • HOME
  • GET A QUOTE
    • Instant Auto Quote
    • Instant Home Quote
    • Business Insurance
    • Business Owners (BOP) Quote Form
    • Commercial Auto Insurance Quote
    • Flood Quote Form
    • Motorcycle Insurance Quote
    • Other
    • Renters Insurance Quote
    • Recreational Vehicle Insurance Quote
    • Truck Quote Request
    • Watercraft Insurance Quote
  • CUSTOMER SERVICE
    • Auto Insurance Customer Service Forms
    • Business & Commercial Insurance Customer Service Forms
    • Flood Insurance Customer Service Forms
    • Motorcycle Insurance Customer Service Forms
    • Recreational Vehicle Insurance Customer Service Forms
    • Watercraft & Boat Insurance Customer Service Forms
  • BLOG
  • MAKE A PAYMENT
  • RESOURCES
    • Secure File Area
    • News Center
    • Insurance Glossary
    • Refer a Friend
    • Free Reports
    • Important Links
  • ABOUT US
    • About Worthington Insurance
    • Location Map
    • Employee Directory
    • Privacy Policy
  • Testimonials
  • Contact
Auto Icon Home Icon Business Icon Life Icon Health Icon Boat Icon
Home > Blog > Top Risks For Transporting Goods
WEDNESDAY, NOVEMBER 4, 2015

Top Risks For Transporting Goods

Business Insurance Can Cover Property While In Transit

Many businesses have the exposure of their goods and products being transported by a common carrier, local hauler, or even through their company owned vehicles. We have identified a number of risks associated with having goods in transit. A business insurance program can be designed to cover many, if not all, of these exposures.

When considering business income you also need to determine if you have certain risks that would require specific limits within the overall coverage. If these are not managed correctly, you may suffer a loss and not have enough insurance to ensure your recovery.

  • Common Carriers--Many firms use a third party common carrier (UPS or FedEx) to ship goods. Make sure you use a firm that clearly takes responsibility for damaged products.
  • Theft--Theft of goods while in transit is a real concern.  Make sure that your business insurance policy has property in transit coverage that includes theft, in case the common carrier has no coverage.
  • Packaging and Handling--How your products are packaged can contribute to, or cause, damage. Make sure that you have the proper packaging.
  • Warehousing Risk--Third party storage facilities present the risk of fire, theft, and other kinds of loss. These storage facilities may not be owned or operated by your common carrier.  It will pay in investigate this to make sure that you are covered.
  • Political Risk--As we have seen recently, civil unrest can create a unique set of risks, where your goods may be delayed or damaged as a result of political unrest.

Worthington Insurance specializing in competitive auto, home, contractor and business insurance as well as insurance in Philadelphia, Yardley, Morrisville, Langhorne, Newtown, Bensalem, Levittown, Bucks County and surrounding areas in Pennsylvania and New Jersey.

Posted 1:10 PM

Tags: insurance, business insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010

  • business insurance(73)
  • home insurance(56)
  • commercial insurance(54)
  • personal insurance(51)
  • insurance(41)
  • auto insurance(37)
  • flood insurance(19)
  • premium savings(14)
  • bonds(11)
  • auto(10)
  • homeowners insurance(10)
  • safety(10)
  • car(6)
  • contractors insurance(5)
  • rental cars insurance(5)
  • renters insurance(4)
  • social media(4)
  • motorcycle insurance(4)
  • vacation safety(4)
  • cyber liability(4)
  • auto savings(3)
  • home(3)
  • agent(3)
  • homeowners(3)
  • cyber insurance(3)
  • holiday safety(3)
  • insurance myths(2)
  • workers compensation(2)
  • cars(2)
  • umbrella insurance(2)
  • claims(2)
  • premiums(2)
  • rv insurance(2)
  • myths(2)
  • rates(2)
  • house(2)
  • pa(2)
  • identity theft(2)
  • flood(2)
  • philadelphia(2)
  • auto accident(2)
  • claim(2)
  • work comp(2)
  • boat insurance(2)
  • risk(2)
  • home safety(2)
  • tips(2)
  • life insurance(2)
  • policy(2)
  • business(1)

View Mobile Version
Facebook
LinkedIn
Our Locations
Contact Us Today
Speak To An Agent
Resources
Products
Customer Service
Payment Options
Report a Claim
News
About Us
Refer A Friend
Our Carriers
Blog
Contact Us
Contact us 41 University Dr, Suite 400
Newtown, PA 19067

Phone: 215-493-4170
Mailing Address PO BOX 336
Yardley, PA 19067
© Copyright. All rights reserved. Powered by Insurance Website Builder.