When you're in freight forwarding, you have a lot to worry about.
Not only are you constantly at risk of sudden transportation accidents:
But you may also encounter unexpected issues with consignees, partners, or colleagues:
The boss even says:
Therefore, cargo insurance and liability insurance are crucial. They're reliable safeguards for freight forwarders/ship owners against risks.
Whether it's accidents in cargo transportation or mishaps in manual operations, with risk control strategies, you can prevent incidents in advance and claim afterwards, minimizing losses caused by accidents. This provides clients and the boss with a satisfactory explanation.
Cargo insurance is a form of insurance that safeguards goods against potential losses or damages during transportation. In China, export cargo insurance typically covers the entire process of transporting goods from the place of production to the destination. Chinese exporters generally adopt the method of individual insurance for each transaction.For exports conducted under the terms FOB or CFR, the seller is not obligated to arrange insurance. However, the seller is responsible for the risk of accidental loss during the period from the warehouse to the loading of the goods before delivery. During this time, the seller needs to independently arrange insurance matters.For exports conducted under terms like CIF or CIP, the seller has the obligation to arrange insurance. Generally, insurance procedures should be completed before the goods are transported from the shipping warehouse to the port or station.In China, the majority of imported goods are insured through a system of pre-arranged insurance. Specialized import-export companies or their receiving agents sign a pre-arranged insurance contract (Open Cover) with the insurance company in advance. Once the contract is signed, the insurance company automatically assumes the responsibility for coverage.
However! There are so many insurance service providers out there, each with its own advantages, features, projects, and fee standards... How do you choose the one that's best for you? How do you build the most cost-effective strategy? What if a claim is unsuccessful? With so much insurance knowledge, it's overwhelming, and choosing a provider is even more confusing!
Considering the plight of freight forwarders, WallTech's CargoWare freight forwarding system now comes with the ⌈One-Click Insurance⌋ feature. Users can complete insurance actions directly within the system, without switching to other websites/systems, significantly improving operational efficiency.
This year, CargoWare upgraded the new version of ⌈One-Click Insurance⌋. In addition to cargo insurance, it also added liability insurance, meeting a more diverse range of insurance service needs. It can prevent not only transportation accidents but also human-related accidents. At the same time, it has greatly increased the number of insurance service providers onboard. Currently, there are four preferred service providers directly connected to the system. During insurance, the system intuitively displays the rates, services, and discount policies of these four providers for comprehensive, multidimensional comparison, allowing you to choose the most desirable service provider and make the most suitable decision.
CargoWare is not just an excellent business and financial operations software; it's also an open and interconnected business platform, bridging cooperation between users and suppliers. We serve as the "first line of defense" for users in selecting suppliers, pre-filtering a variety of insurance companies in the market. After comprehensive consideration of each company's strengths, we bring in a batch of outstanding service providers with unique features and reliable services, making it easy for everyone to make the most suitable choice.
Sea Freight (Import/Export)
Air Freight (Import/Export)
Rail Freight (Import/Export)
Integrated Logistics (Cross-border card shipping, trailers, LTL, etc.)
……
This introduction of more suppliers creates internal competition, reducing platform user insurance rates, prompting service providers to offer higher-quality services.
Clicking the insurance button, the system displays a detailed comparison of the profiles of four suppliers, including:
Rate
Service Advantages
Supported Insurance Companies
Coverage Policies for Different Goods
Other Special Terms...
Everything is clearly listed, and users can easily compare the differences between suppliers comprehensively and meticulously, making a wise decision.
For liability insurance, after the comparison, users can request a quote with just one click:
One-click synchronization of business data, policy and premium auto-updates, eliminating the need for manual entry of large amounts of data.
Through the ⌈Policy Management⌋ module in the system, you can see the latest insurance progress and billing information in real-time. It supports directly downloading related policy files and invoice files.
Just enter the insurance policy number, bill of lading number, or business number, and you can easily check the latest business insurance status with just one click.
No more issues like not finding files or manually entering information incorrectly; under digital management, everything is clear and organized.
Customers no longer need to chase operations and inquire about insurance conditions from customer service. Regardless of who places the order, the current business's corresponding insurance records are clearly visible. Management personnel no longer need to go to third-party pages to check if insurance is in place; what you see on the insurance page is what you get.
When you need to inquire about the insurance service provider you've chosen, you can directly communicate with the service provider within the system, getting one-on-one answers to your questions.
When you need to make a claim, the gold professional advisory team guides you throughout the process, providing nanny-level support to ensure you solve problems smoothly.
If you're a freight forwarder and want to use cargo insurance and liability insurance to safeguard yourself and the ship owner, reduce risks, and also want to compare rates, discounts, and service features of multiple insurance service providers from various dimensions, welcome to contact us.
