Full Replacement Value & Cargo Liability Insurance

Understanding the difference between Freight Insurance and Freight Liability is a crucial part of the freight and/or logistics industry, especially in an unfortunate event that you need to process a claim. The questions you should be asking yourself is what is the covered by the liability, what is covered by the freight insurance (Full Replacement Value Called All risk that we offer), and what is the difference.

The key point here is to analyze what is the extent of the carrier’s liability for freight loss under the applicable law and/or coverage, and what is the extent of the carrier’s freight insurance protection for that liability.

For example, there are three types of coverage offered by Ramon Inc. One of the coverage is called ALL RISK. This policy covers ANY damages while in transit. This includes damages from physical external cause along with partial or total, theft and catastrophe. This means that if the goods are not covered by All Risk then the insured/shipper is relying solely on the carrier’s contingent liability policy for insurance coverage should there be damage or loss during transit. Since it is a liability policy, the carrier is protected by statue and subsequently limited on their liability to pay claims. This affects the level of individual contract of carriage which was entered by the shipper and carrier. If the shipper imposes any commercial pressure on the carrier, or if the carrier is guilty of gross negligence, or the transit is subject to the Carmack Convention for interstate shipments in the US, then the limited liability of the carrier may be challenged.

Please keep in mind that in case of a claim and relying upon the carrier’s cargo liability insurance, you will be faced with an expensive and timely process that will ultimately involve lawyers and added expenses that accrues. Usually in a claim case, a carrier’s limit of liability is only $1,500. Most of the time customers are lead to believe that the trucking insurance general liability of $100,000 covers their cargo for full replacement value. This is not the case. The $100,000 covers them for all the loads that they haul. Within the fine prints of the contract of carriage, they have a limit of liability of $1,500 per claim. Just like ocean vessels have $500.00 limit of liability per container even if the goods in the container are valued at $500,000. The same with all airlines, they have limit of liability per luggage and/or cargo they carry on-board.  Therefore, Ramon Inc. with more than 31 years of experience in the market strongly advises everyone within the industry to check all the details/information prior to booking cargo insurance with any company or relying on the trucking company’s cargo insurance policy. This policy is simply a mandatory requirement by the DOT for any trucking to operate, and it is very limited.

Please contact us today or get a quote here http://www.freightinsurancedirect.com

Written by Iris Arden (Ramon Inc.)

Freight Statistics and the Importance of Freight Insurance

According to the Bureau of Transportation Statistics which is update every 5 years, the movement of freight in the domestic and international trade during 2013 was 55 million tons of freight daily. And as the demand of freight transportation grows so does the concern for safety. Freight Insurance is an integral part of freight transportation.

Large trucks during 1990 to 2013 accounted for almost all freight transportation fatalities by 95.8%, and the majority of related highway fatalities involved passenger vehicles. Most hazardous material are transported by truck, and if there is an accident the damage is huge. About 2% of incidents in 2014 were accident related which composed 80.9% of all property damage.

This is just in trucking transportation so imagine the amount of damages and risks that take place during air transportation or ocean. Ramon USA (Ramon Inc.) offers the best coverages for your cargo during transit that will give you piece of mind. With the best rates and quality, we work with the best claim adjusters in the world with over 55 years of experience. Your claim is processed in just 7 days with 24-7 updates.

Written by Iris Arden (Ramon Inc.)

Customer Service in the Freight Industry

Customer Service is key to any business trying to survive in any industry. Keeping existing clients and bringing new ones is challenging but maintaining the quality of customer service and its efficiency has become second nature to Ramon USA.

We’ve been in business for more than 31 years. Providing the best quality and customer satisfaction. We understand that you work hard for your business to thrive. We are here to help make cargo insurance the easiest and simplest part of your business. We make sure that we provide you with the best coverage with the fastest process with the absolute best quality and customer service.

Below are just a few testimonials provided by our clients.

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Written by Iris Arden (Ramon Inc.)

The Major Ports of the UK embrace Brexit

Brexit, British Exit from the European Union, is being embraced by the major ports of the United Kingdom. The Prime Minister of England believes that there would be greater opportunities for the United Kingdom “as an independent nation”. The ports that represent 75% of the US’s global trade supports the Prime Minister’s policy on the Brexit. This also includes leaving the customs union. The Prime Minister emphasizes how England will benefit by leaving the European Union because this would allow Britain to engage in new trade deals with other countries. Southampton which is the England’s number one export port “will play a key role in securing the future prosperity of” the UK. The port currently handles £40B exports per year with 90% of the cargo from other countries around the world which are outside of the European Union. The total cargo loads handled in this port amount to £75 billion.

The Department for Transport (DTF) of the UK is encouraging partners within the maritime sector to come up with new ideas to better secure, develop and grow the marine industry. Roger Hargreaves the Director of Maritime at DTF stated that in 2050 the marine industry would be most focused on the future of the ports and shipping. They are currently conducting a study that will soon be released that will convey the significance that the ports have. This will be one of the first times the government recognizes the importance the port has for the country and for the people.

With all your cargo shipping, please remember to contact us for your cargo insurance needs. We’d be glad to assist you.

By Iris Arden (Ramon Inc.)

Sources: https://www.worldcargonews.com/news/major-uk-ports-group-welcomes-upbeat-brexit-message-50374

DHL Cargo Shipping – New Strategy

DHL has announced same-day delivery and next-day delivery for online retailers. This service was created to compete with Amazon, FedEx, UPS, and the U.S. Postal Service. The Parcel Metro service, according to DHL, is a network of delivery vendors and sourced drivers and vehicles. This will help ensure capacity and flexibility in last-mile deliveries. This new strategy for delivery is being testing already in Atlanta, Dallas, San Francisco, and Washington D.C.

The software used by DHL allows them to find the best drivers for each route. The client can choose from several delivery times and preferred address for delivery. The customers can also track the goods in real-time, send instructors to the carrier, reschedule a delivery, and rate the experience. Retailers can customize the software mobile interface to show their business information to clients.

For DHL, according to the U.S. Census Bureau, e-commerce sales grew 16% in 2017 while total retail sales grew 4.4%. The results are already showing with DHL’s new business strategy. Remember that cargo insurance is important for all types of cargo, especially retail. Ramon USA provides the best rates and coverage for retail types. Please feel free to contact us for more details.

By Iris Arden (Ramon Inc.)

Source: http://www.ttnews.com/articles/dhl-launches-same-day-delivery-e-commerce-merchants