Top 10 things that QI Logistics customers should consider when it comes to marine insurance:

  1. Type of coverage: There are different types of marine insurance coverage available, including cargo insurance, hull insurance, and liability insurance. It’s important to understand the differences between these types of coverage and choose the one that’s right for your specific needs.
  2. Policy terms and conditions: Before purchasing marine insurance, it’s important to read and understand the terms and conditions of the policy, including deductibles, exclusions, and limitations.
  3. Valuation of cargo: The value of the cargo being shipped will affect the cost of marine insurance coverage, so it’s important to accurately value your cargo to ensure that you have adequate coverage.
  4. Mode of transportation: The mode of transportation (air, sea, land) can also impact the cost and coverage of marine insurance, so it’s important to consider this when selecting coverage.
  5. Destination and route: The destination and route of the shipment can also affect the cost and coverage of marine insurance, as some routes or destinations may be considered higher risk than others.
  6. Risks and hazards: It’s important to assess the risks and hazards associated with the transportation of your cargo and choose marine insurance coverage that provides adequate protection against those risks.
  7. Compliance with legal and regulatory requirements: Depending on the type of cargo being shipped and the destination, there may be legal and regulatory requirements that must be met in terms of marine insurance coverage.
  8. Experience and reputation of the insurance provider: It’s important to work with an experienced and reputable marine insurance provider who can provide quality coverage and support in case of a claim.
  9. Claims process: Before purchasing marine insurance, it’s important to understand the claims process and what steps you need to take in case of loss or damage to your cargo.
  10. Cost: Finally, it’s important to consider the cost of marine insurance coverage and ensure that you’re getting the best value for your money while still having adequate coverage to protect your investment.

To learn more about marine insurance and how it can benefit your business, contact QI Logistics today.