Insuring goods internationally
Article Abstract:
Ocean cargo insurance provides coverage for goods that are shipped internationally either by water or air from point of shipment to point of destination. The insurance covers perils such as theft or heavy weather. Most companies engaged in heavy traffic import or export rely upon the coverage which ends upon landing. The need to transport the goods over land creates the need for another type of insurance coverage which is inland marine coverage. The insurance covers both the policyholder's loss of goods or products in transit and the policyholder's liability arising from loss or damage to the property of another that is in their care, custody or control.
Publication Name: World Trade
Subject: Business, international
ISSN: 1054-8637
Year: 2000
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A growing role for credit insurance
Article Abstract:
Rapid advances in technology and globalization, transactional economies of scale, increased underwriting capacity and changes in the basic underwriting approach are making accounts-receivable insurance more attractive for domestic and exporting businesses. In choosing a provider for credit insurance, businesses should look for the ability to pprovvide credit-management exeprtise, excellent service, good worldwide reprpesentation, high-quality credit information and the ability to provide credit-management or risk-management expertise.
Publication Name: World Trade
Subject: Business, international
ISSN: 1054-8637
Year: 2000
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Ocean-cargo insurance companies more responsive to today's customer
Article Abstract:
Insurance agents and brokers are providing more efficient services to customers in 2000 in terms of the ease and timeliness of paying claims and in additional services to increase efficiency and reduce the chances of loss. Internet insurance providers can also help increase efficiency and service in situations where the personal touch is not required. Examples of good cargo insurers include the American Institution of Marine Underwriters.
Publication Name: World Trade
Subject: Business, international
ISSN: 1054-8637
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
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