The online shopping explosion in our world today has resulted in huge growth for the freight companies that get those products to the consumer’s doorstep. Often, a fast increase in growth also means an increase in risk. Fortunately, the variety of freight insurance liability programs available can protect your company against that risk. Knowing where and how those risks can occur will help you choose the best one.
1. In the Office
Simple keystroke errors in clerical processes can result in misrouting of goods that can result in delays, lost items and incorrect deliveries. This can get time consuming and can get costly when items can’t be found or recovered.
2. In the Warehouses
Many freight companies have warehouses where goods are stored and sorted for efficient delivery. With the number of items received and staff on hand, human error can be a factor even in the most effective of processes. Unfortunate events such as fires or theft can potentially affect every item in the building, leaving the freight company liable for reimbursement or replacement.
3. In the Delivery Vehicles
Once an item is safely on board a delivery vehicle, a variety of things can occur that prevent an item reaching its destination. Human error can result in an item being delivered to a wrong address, a vehicle accident can damage items beyond repair or theft can cause them to be lost completely.
With so many items being handled by freight companies today, freight insurance liability programs are a much-needed protection.