For most companies that compete in a global economy, imports and exports are a fact of life. An awareness of how your cargo can be damaged in transit and how to protect against those potential losses is a critical part of effective risk management.
Goods transported by land, sea and air all face the possibility of physical loss or damage.
The perils that can be encountered and the kinds of damage that can result are as varied as the goods themselves. This broadened mobility is reason to have global coverage that addresses shipments by all conveyances. Instability in the form of strikes, riots, civil commotion and war risks continues in many areas of the world where international trade is flourishing. When a general average has been declared, gaining the quick release and delivery of your goods, wherever they may be, is of utmost importance. When shipping goods overseas, quick settlement in the event of a claim is essential to mitigate interruptions to the flow of goods and for the harmonious continuation of business relationships.