Door-to-Door. Full Coverage.
Cargo Insurance.
Why do you need Cargo Insurance?
Cargo insurance is a critical staple for reducing the risks of financial loss when buying, selling or distributing goods both domestically and internationally. No matter how robust your loss prevention strategy may be, it is reported that 30% of all freight damage in transit is unavoidable and most losses occur on the way to or from the ports. Furthermore, the FBI estimates that up to $30 billion in cargo theft occurs yearly. All these causes of loss and much more are fully covered by Source Alliance Freight Safe Cargo Insurance.
By purchasing cargo insurance, shippers secure the broadest possible coverage for their goods. SAN Freight Safe is backed by the largest and most respected insurance broker in the industry, the largest and most experienced cargo insurance market in the world, and direct claims handling and servicing teams.
Protect your financial interests with SAN Freight Safe Cargo Insurance.
SAN Freight Safe is a first party cargo insurance coverage. In the event of a covered loss, SAN Freight Safe will pay out the claim to the shipper and subrogate against the carrier. The shipper does not need to retain an attorney to sue for damages or prove negligence. SAN Freight Safe provides protection for the full commercial invoice value plus freight.
Cargo Insurance Coverage Conditions
SAN Freight Safe Cargo Insurance
Provides door-to-door protection
Pays whether or not transportation provider
negligence is proven to have caused the loss
Pays for losses occurring outside control of carrier
Pays shipper for the full invoice value of cargo lost or damaged plus freight and other associated costs
Can pay for expediting replacement goods
Carriers Liability
Might provide door-to-door protection
Doesn’t pay when transportation provider negligence is proven to have caused the loss
Doesn’t pay for losses occurring outside control of carrier
Doesn’t pay shipper for the full invoice value of cargo lost or damaged plus freight and other associated costs
Doesn’t pay for expediting replacement goods
Carrier Liability Coverage is NOT Insurance
Shippers are often unaware that while carriers have liability for damage to cargo, they also have the legal right to limit their liability and do so aggressively. Therefore, the amount recoverable is usually much less than the actual claim amount. It is important to note that carriers are only liable (for a limited amount) if they are considered negligent. Carriers are not responsible for losses that are unforeseen or beyond their control.
Carriers are not held liable for:
- Acts outside their control
- Fire
(unless caused by the actual fault or knowledge of carrier) - Acts of War
- Acts of Public Enemies
- Strikes, Riots & Civil Commotions
- Insufficient packing, insufficient or inadequate marks
Limit of Liability:
Ocean Carrier
$500/package or Customary Shipping Unit (CSU) based on the Carriage of Goods by Sea Act (COGSA).
Domestic Airlines Trucks & Railroads
• $.50/lb. customary
• $.50/lb. customary, limited by tariff
• Limited
International Air Carriers
$9.07lb or approx. $20/kg. under Warsaw Convention 19 SDRs* (Approx. $29/kg.) under Montreal Convention or Warsaw Convention as amended by Montreal Protocol 4.
Couriers & Warehousemen
• $100 or less any one shipment
• Limited, no statutory federal protection
Three Important Reasons to Purchase SAN Freight Safe
Avoid the Risk of Uncovered Losses
Law or tariff restrictions limit the liability of most carriers and the amount recoverable is usually much less than the actual claim amount.
Eliminate Costly Administrative Burdens
We handle all the paperwork associated with securing insurance and expedite the claims process from start to finish. We utilize an on-line system to process your certificates and claims information with 24 hour access for timely and accurate responses.
Right Coverage at the Right Price
As transportation specialists, we know the specifics of each shipping transaction and are in the best position to arrange coverage when required. With the large volume of insurance we purchase, we can normally secure the most competitive rates in the market and then pass the savings on to you.