Many business owners continue to pay their freight carrier hundreds and even thousands of dollars each year to protect the value of their shipments. Once you take the time to review the costs of these charges compared to a separate transit policy through Silas Chapman & Company, the savings are readily apparent. The pennies per shipment charged by the freight forwarding carrier really add up. Whether the property is on its way to you or being shipped from you to your clients, those goods can be insured under a specialized marine policy through our agency. An inland marine insurance contract covers domestic transportation by rail, air, vessel, or ground vehicle.
The best part about this is that you can insure the goods for their expected value to you, not just the cost of the goods per your shipping agreement. This way if there is a loss, your business is compensated for the full wholesale or retail value agreed upon in advance. Another advantage a private policy has over what is offered by the freight forwarding company is that you
don't have to haggle with a third party over your loss.