Extreme freezing weather has caused chaos in recent weeks across the United States. The Midwest and the Southeast has faced the worst impact of winter storm Inga and many shipments have been delayed or destroyed as a result.
Hundreds of roads in the affected areas have been declared too hazardous to drive on, leaving drivers to seek alternate routes. For those who have dared to brave the highways, they have seen closed ramps and major accidents caused by the slick, icy roads. In Columbus, Indiana one lane had to be shut down after a trailer attached to a truck flipped over a concrete barrier. This is just one example of the level of destruction that winter weather can cause.
According to Freight Waves, weather contributes to up to $3.5 Billion losses in the freight industry each year. Also, more than 50% of all weather-related traffic delays are specifically due to snow and ice. This time of year can be very challenging for businesses as they are at the mercy of Mother Nature.
With so many unpredictable scenarios that can occur while your valuable goods are in transit, cargo insurance should be at the top of your priorities. Be proactive and prepared by purchasing cargo insurance before your next shipment.
Written by Iris Arden (Ramon Inc.)