Foreseeing everything that might happen to agricultural equipment during transportation is difficult. Unpredictable events such as traffic accidents, bad weather, breakdowns, or even theft can turn shipping into a nightmare and lead to financial setbacks. Obtaining insurance is always important to reduce the risks of financial losses and ensure safety.
What Is Shipping Insurance?
It provides coverage for goods that are lost, damaged, or stolen. With this policy, you are compensated for loss or damage up to the insured value of the goods and shipping costs. You can customize your policy based on what you ship, how you ship, and the freight forwarders you cooperate with. Insurance can also include coverage for high-value or time-sensitive cargo.
Is It a Legal Requirement To Obtain an Insurance?
Insuring agricultural equipment for transportation is not legally required. However, when you transport cargo, there are always some risks. An accident could lead to partial or total loss, depending on the damage.
In addition to obtaining policy, it is essential to partner with a reliable shipping company to safeguard your agricultural equipment during transportation.
How To Choose a Reliable Logistics Provider?
Before looking for a provider, decide if you need insurance and what it should cover. It is most convenient when the policy is included in the provider’s services — this will save you time searching for an insurance company. Additionally, be cautious of companies that offer limited coverage for your equipment.
Atlantic Project Cargo — expert in machinery transport, especially in tractor shipping. Our freight forwarding company offers various logistic services, e.g. ocean and air cargo transportation as well as providing insurance. We prioritize your choices and are committed to going the extra mile to protect your equipment during transportation.
Common Risks In Agricultural Equipment Shipping
Here is the list of what may happen to your farming machinery during transportation:
- Traffic accidents;
- Theft or loss;
- Fire;
- Mechanical damages during transportation;
- Delayed shipping;
- Natural disasters.
Advantages of Using Insurance
It is up to you wether you need insurance or not. However, there are several reasons why you should obtain it.
No loss of revenue
Knowing you will be refunded a certain amount of the value of lost goods is reassuring. This allows you to quickly resend items if something goes wrong.
Confidence and peace
Delays and damages can hurt loyalty and reduce repeat business. Insurance protects your bottom line and helps maintain your reputation.
Small fee saves you money
For a relatively small fee, the owner will be spared potential losses, no matter what they are caused by. When transporting large freights, the loss of them can bring enormous waste that will not pay off for a long time. Is it worth the risk?
Now you know why using insurance is important when transporting your farm equipment. The policy guarantees you all the necessary payments in case of accidents. Сooperate with only reliable logistic providers, like Atlantic Project Cargo, and your agricultural machinery will reach its final destination safely.
It is wise to insure your farm equipment to avoid the stress of such losses.
