Are Warehouse Insurance Policies Covering Today’s Emerging Risks?

Warehouse legal liability insurance has always been one of the most misunderstood insurance contracts in existence. In general, insurance companies and brokers have limited industry knowledge and understanding of what warehouse operations entail. Not only that, but warehouse risks and vulnerabilities are increasingly complex, and many policies simply aren’t keeping up with today’s sophisticated new […]

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Controlling Transportation Insurance Costs

Developing rates for cargo in-transit insurance coverage is as much an art as a science. Underwriters consider the products shipped; susceptibility to loss and damage; number of shipments; trade lanes travelled; and transportation methods and modes. But insurance premiums are also driven by a firm’s loss history. While some of these variables may be out […]

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J. Anthony Hardenburgh

Understanding INCOTERMS 2010

An Inbound Logistics article in October 2003, “Understanding Incoterms,” does an excellent job of explaining the concept of Incoterms, why they are necessary and how they work. We’d like to bring this article up-to-date with a discussion of the changes to Incoterms that began in January 2011. To recap, Incoterms are an internationally accepted set […]

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Robert L. Sobel

Reducing Risk with Trade Disruption Insurance

Because doing business in the global marketplace has become more risky, U.S. companies need to be their own best advocates. Exporters and importers should take precautions to minimize risks to profitability and viability in world trade. One step is investing in trade disruption insurance (TDI). SMART PROTECTION First written for the London Market in the […]

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C. Daniel Negron

New Year, New Insurance Review

The start of the new year is the time to make resolutions, and risk managers should resolve to review their operations to ensure that risk and insurance programs are in order. Your risk review should address several key questions: Are you planning to offer new services? If so, consider your insurance obligations before the transaction […]

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