Exploring the Benefits of Investing in an Insurance Package Policy

If you or your business sends or receives a lot of packages in the mail, you may want to consider investing in an affordable insurance package policy to take advantage of in case there are ever any issues with your deliveries.
Package insurance offers many benefits, especially for those who may have business operations that involve sending and receiving packages. This article will discuss a few benefits of package insurance policies, but we should provide a few definitions before we get to that.
A package policy is an insurance policy that provides for more than one insurance line. In other words, when you pay for a package policy, you combine multiple policies into a single one; for example, a package policy may provide insurance coverage for product liability and property coverage.
Let us say you run a jewelry shop that delivers to customers. You need insurance for shipping and property insurance to protect against damages, so you negotiate with your insurance provider to combine the two lines of insurance into a single policy - that is a package policy.
Two of the most common package policies are business owners policies and commercial package policies:
The business owners policy is generally the broadest package policy and provides numerous insurance lines. Everything from product liability and business income to building insurance and premises liability may be covered. For some businesses, the full coverage of a BOP is not necessary and a cheaper, customized package policy is the better option.
A commercial package policy is similar to a BOP but is commonly used to protect higher-risk businesses. Additionally, a commercial package policy is more customizable than a BOP - you can take out specific insurance lines that are relevant to your business; for instance, you can combine commercial property insurance with a general liability insurance policy.
First, having package or parcel insurance takes all the guesswork out of sending and receiving packages. You will be able to track the locations of your packages, and you can set up a delivery using any device with an internet connection. You will never again have to wonder whether or not something got lost.
If you are shipping valuable items overseas, having a package insurance policy can give you some much-needed peace of mind. On the rare occasion that something does get lost, you will be reimbursed the full value of the item. By having insurance for shipping, your satisfaction becomes a top priority, and you just do not get that kind of service with regular shipping.
Next, if you are concerned about sending or receiving packages with fragile contents, you can rest assured that having a package insurance policy will prevent you from being inconvenienced if something breaks. Most insurance companies give you a grace period of up to 30 days to report any damages or missing items and file a claim.
Finally, having a reliable shipping insurance policy gives you a discount on all future shipping rates. If you are a business owner, you know that shipping can get expensive. Almost 90% of everything we buy arrives via ship, and it is important to protect your assets. However, a shipping insurance policy will not provide property insurance or premises liability coverage.
When you combine these insurance lines into a single insurance package policy, you will typically get lower prices. Additionally, the premiums of the different insurance lines within a package policy may be reallocated where needed, so claims are absorbed and your rates do not increase.
Overall, package insurance is an extremely valuable type of protection to have. There are a lot of small steps involved in any type of shipping process, and there are many errors that could arise that could cause delays or problems in your shipping.
The best way to stay prepared and make sure your valuables will always be protected is to invest in a reliable and reputable package insurance policy as soon as possible. Unival Logistics provides shipping insurance even for high-value items at premium rates, real-time package tracking, and API integration.
Contact us to make sure your packages are safely delivered and fully insured.
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.105 per ton-mile. Reducing truck transport and opting for the optimal rail transload facility can help increase expense savings through rail.</p> <h2>Rail Freight and Intermodal Strategy</h2> <p>Intermodal is the use of two or more freight transporting modes. When combining rail and road, trains are utilized for the long-haul chunk of the transport. Trucks are used to ship loads from the origin to the terminal and then from the terminal to the recipient, known as drayage.</p> <p><strong>Using rail freight as part of an intermodal strategy has many benefits</strong>, which you can discover below.</p> <h2>Rail Freight Is Eco-Friendly</h2> <p>Given the current state of our environment, caring for it is imperative. From an ecological point of view, rail freight is a great transport alternative compared to air, sea, and road freight. <strong>The biggest advantage of rail freight is the reduction of CO2 emissions</strong>. Compared to other transport modes, rail freight leaves the smallest carbon footprint.</p> <p>For example, air freight consumes 138 tons of CO2, and the combination of air and sea consumes approximately 76 tons of CO2. However, rail freight consumes only 5 tons of CO2 over the same distance. That’s why, now more than ever, rail freight deserves more attention.</p> <h2>Rail Transportation Is Safe and Efficient</h2> <p>Railway safety has notably improved over the past couple of decades. Now, <strong>rail transportation is one of the safest shipping options</strong>. With steady investments in railway infrastructure, routings, tracks, terminals, and border crossing stations, there’s a significant enhancement in the performance of rail freight.</p> <p>Moreover, GPS tracking in trains prevents theft and losses, protecting the goods in transit. Since carriers can locate their customers’ shipments and follow up on milestones, they can deliver information on container position and detect if something unexpected happens during the transportation.</p> <h2>Rail Freight Is Fast and Reliable</h2> <p><strong>Rail freight is a fast and reliable shipping mode</strong> with shorter lead times when compared to sea freight. Although not always possible, there are many situations when rail freight is a more optimal choice than other transport modes.</p> <p>For instance, one of the biggest challenges for companies with production in China is the long lead times to northern Europe when shipping by sea. Sea shipping from China to that part of Europe typically takes around seven weeks.</p> <p>With rail freight, the shipping times can be cut in half, significantly reducing the lead time. Shorter lead times can make it easier to predict business operations and costs, positively impacting capital binding.</p> <p>In addition, rail freight transport is a <strong>punctual mode of transport</strong>. Compared to sea and road freight which can be subjected to bad weather and congestion, not much can hinder the rail path, reducing the risk of unexpected delays.</p> <h2>Are There any Drawbacks of Rail Transportation?</h2> <p>Intermodal containers experience a lot of movement during transit that can damage their contents. There’s a risk of a denied claim if cargo isn't appropriately blocked and braced by rail standards.</p> <h2>Rail Freight Shipping Can Be Your Optimal Choice</h2> <p>Rail shipping has many benefits and very few drawbacks. Apart from being extremely reliable, rail freight is also cost-effective. On top of that, it leaves the smallest carbon footprint compared to other shipping modes.</p> <p>With rising challenges in sustaining our environment, it’s vital to do everything we can to reduce CO2 emissions and reduce the impact of global warming. For those reasons, using rail freight as a part of intermodal strategy can be an optimal choice for many companies that wish to see improvement in our environment.</p> <p><a href="https://unival-logistics.com/">Unival Logistics</a> provides end-to-end logistic solutions and we always choose optimal routes, so that your packages arrive on time and cause the least amount of pollution. You can also take out <a href="https://unival-logistics.com/package-insurance">full-value insurance for high-value goods</a>, track your packages in real-time, and integrate your business with Unival’s API.</p> <p>If you need a logistics partner that combines traditionally effective methods of transport with modern solutions, contact Unival Logistics.</p> <script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BlogPosting", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://unival-logistics.com/rail-freight" }, "headline": "What You Need to Know About Rail Freight", "description": "Rail freight is reliable, fast, and green and can be an excellent choice for various businesses. 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