Placing a Premium on Cargo Insurance

March 29, 2017

In 2015, losses due to cargo theft hit $22.6 billion, according to BSI Group's Global Supply Chain Intelligence report. And, in November 2016 alone, the Transportation Asset Protection Association recorded 231 freight thefts in the EMEA (Europe, Middle East and Africa) region. The average loss topped 60,000 euros, or about $64,000. Cargo insurance, which covers products in transit, can protect against these risks.

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