Welcome to this module on shipping insurance. In this module, we will explore the concept of shipping insurance from the perspective of exporting businesses, particularly SMEs. We will begin by looking at the importance of shipping insurance, as well as at what uninsured businesses stand to lose if something goes wrong. Then, we will move to the actual shipping of cargo insurance and examine the various options available for SMEs, based on their different situations and terms. Finally, we will look at some practical examples of how exporting SMEs might choose their insurance and use it to protect and grow their business over the medium and long term.Are you ready? Then let’s go!
Once you have completed this module, you will be able to:
Explain the importance of shipping insurance;
Evaluate different kinds of shipping insurance available to exporting SMEs;
Identify the important factors in choosing a shipping insurance policy; and
Implement basic procedures to submit insurance claims in a fast and effective manner.