Industry Insights

An additional insured clause is attached to a third-party liability policy for the purpose of extending the coverage provided by that policy to the party named in the clause.  An additional insured clause is commonly requested along with evidence of various types of insurance in conjunction with a contract or agreement. For example, Party A […]

Increasingly more of your customers are asking – or insisting – that you sign a hold-harmless agreement in order to maintain a business relationship. While it might be necessary in order to get or keep a client, be aware that you assume someone else’s liability when you sign. Don’t be mistaken, this has an impact […]

Marine Cargo Insurance is a staple to the transport of goods both domestic and international, and transportation intermediaries and logistics service providers are in an ideal position to offer quality Cargo Insurance, sometimes referred to as Shippers Interest, to protect their clients’ financial interests. No matter how robust a shipper’s loss-prevention strategy may be, it […]

The beauty of customizable cargo insurance is in its comprehensive applicability to very specialized shipping needs, but under that beautiful face lies a web of wrinkles that could represent hidden exposures to uninsured losses. Three issues that should be at the top of your list when placing a cargo insurance policy are the insolvency exclusion, […]

Profits in a number of big shipping lines rose dramatically in the first quarter of 2015. A drop in the price of oil and the rising value of the U.S. dollar helped bolster profits, even though unit costs increased for some shipping lines. The influence of market forces outside shippers’ control suggests that high profits […]

The newest FreightWatch International EMEA Intelligence report is out, and the news isn’t good for the Netherlands and Germany. In the first quarter of 2015, the Netherlands had 31% of the cargo thefts in Europe, the Mideast and Africa, followed closely by Germany at 26%. The U.K. had the next greatest cargo theft risk, with […]