Policies are a colloquial term in the subject ofinsurance for transportation of merchandise. However, it is important to know its types pin order to carry out the transportation work successfully.
The transport of goods involves traveling long distances. In several cases, the passage through different countries and borders, with the procedures that entails. For this reason, it is vital to insure the cargo we transport, due to its economic value, which is a fundamental asset of any logistics company.
During the journey, an impact can cause damage to the load. Therefore, it would consequently bring an economic loss. Likewise, there may also be a possible loss of said merchandise.
To have guarantees against these cases, logistics insurers are responsible for protecting merchandise with different types of insurance.
Having a logistics expert is vital to carry out a profitable operation that meets the objectives. At APR Cargo Group we have the most specialized allies in your area. If you need help,our servicesThey are at your command.
types of logistics policies
Logistics insurance is adapted to the type of merchandise and transaction that is going to be carried out. This is a contract through which the company pays an amount to obtain insurance for the transportation of goods. Furthermore, in the event of any incident, the insurance company will pay a previously stipulated compensation.
All of this will be subject to conditions that both parties will have agreed upon previously. Also, it is essential that the company ensures that the conditions of the insurance it is contracting perfectly adapt to its transactions.
Below we present the different types of policies that you can find.
ski pass
They are the best option for those transport companies that have a large volume of logistics operations. This is because they cover all types of loads and routes that take place in a previously stipulated period of time. In addition to the time limit, the insurance covers a maximum value that is agreed between both parties.
In this way, the company has much more freedom to carry out its operations without the need to notify and ensure one by one. But yes, as long as the merchandise transported does not exceed the maximum insured value. In this case, possible situations that could arise during the tour would also be covered. Such as storage, stoppage, stopovers or transfers.
open
This type of policy is formalized through a single contract. Which covers a specific freight transport operation. This is insurance that guarantees that the merchandise is insured throughout the entire journey. From the moment it leaves the point of origin until it reaches the point of destination.
All trips that are necessary to deliver merchandise to the same customer are taken into account, and not just a single trip. So it gives much more flexibility to the transport company. For this reason, this insurance covers all types of situations that occur during the tour. Such as stopovers or transfers. Even the possibility of occasional storage during the trip or stoppage due to customs procedures.
floating
These are also signed in a single contract. In this case, they do cover the transportation of goods to different clients and during all the trips that are necessary to complete the transaction. For these trips, a certain time is stipulated in the policy that cannot be exceeded by the logistics company if it wants its merchandise to be properly insured.
They are usually associated with so-called application bulletins or insurance certificates. This documentation must be provided by the different clients who are going to receive the merchandise. It must include the particularities of each trip. Such as the origin or destination, the means used or the characteristics and value of the merchandise transported. It covers stopovers, transfers, storage and stoppages.
unique
Unlike open policies, the only ones are contracts that cover a single trip to transport goods to a single client. In this case, the option of making several trips for a single client is not contemplated. That is why they are also called a travel policy. Since they are contracted for a unique and previously set route.
They also cover stopovers, transhipments, storage and stoppages that take place between the place of origin of the merchandise and its place of destination.
Knowing in detail the characteristics of the merchandise and the routes, as well as the current regulations regarding the transportation of merchandise, is essential. Above all, to know how to choose the insurance that best suits the logistics company and its specific operations.
Only in this way can the merchandise be correctly insured and comply with all existing regulations. For example, in cases such as dangerous goods or the inclusion of additional coverage that is necessary for safe transportation.
Contract only with insurers that are legally established in Mexico and that are registered with the National Insurance and Surety Commission (CNSF) (www.cnsf.gob.mx).