In the last two years, 75% of shippers experienced lost or damaged packages, costing up to 17 times more and leaving a bad impression on 41% of customers. As an experienced e-commerce business, you’ve likely dealt with frustrating hours addressing carrier claims.
This situation is where an insurance for B2C shipments comes into play. This article will delve into the intricacies of B2C shipping insurance.
What is Shipping Insurance?
Shipping insurance safeguards eCommerce businesses should a package suffer damage, theft, loss, or mishandling during its journey to the customer. It can be obtained through leading shipping companies or third-party suppliers, with the cost of coverage contingent on the provider and the declared value of your shipment.
Regardless of the source, having insurance in place means your business may qualify for compensation in the event of transit-related issues, a precious asset when shipping high-value items.
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Benefits to Shipping Insurance
There are several compelling reasons why you need an insurance for your shipments, including:
- Financial Protection: The insurance shields you from financial losses due to loss, damage, or theft during shipping. It covers the total item value, not just the purchase price, and provides a precise, manageable cost.
- Faster Claims: The insurance speeds up the resolution of disputes and refunds for lost or damaged shipments, ensuring quick customer satisfaction.
- Improved Customer Experience: Quick claims processing allows for swift replacement of items, maintaining a positive customer experience, which can lead to customer loyalty and positive reviews.
- Competitive Edge: Offering the insurance makes your business stand out, providing customers with peace of mind and added value.
- Reduced International Shipping Risks: The insurance is crucial for global e-commerce, protecting your business from international shipping complexities, customs issues, and long transit times.
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What You Need to Get a Shipping Insurance?
To obtain an insurance for your B2C shipments, you typically need to provide the following required documents:
- Bill Of Lading/ Lorry Receipt/ Airway Bill: Choose the appropriate document based on your chosen mode of transportation: bill of lading for sea shipments, lorry receipt for road transport, and airway bill for air cargo.
- Packing List: This list includes all the transported items and their detailed nature and condition information. This information helps the insurer assess insurability.
- Invoice: Invoices contain package details and vital registration information for financial and reputation assessments. Once your application is approved, you will receive an insurance policy, which is essential when filing a claim and outlines the agreed-upon terms and conditions.
Regarding these documentations, Luwjistik provides a solution to safeguard your shipment with Luwjistik Insurance. Let’s explore more about Luwjistik Insurance below!
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Safeguard Your Shipment With Luwjistik Insurance
At Luwjistik, we understand that the safety and security of your B2C shipments are paramount. That’s why we’re proud to introduce Luwjistik Insurance, a comprehensive solution that goes above and beyond to safeguard your shipment. Our insurance provides comprehensive coverage for international and domestic B2C shipments.
Why Choose Luwjistik Insurance?
When you opt for Luwjistik Insurance, you can expect:
- One-Click Coverage: Get insurance with a single click, no extra documents needed, whether it’s local or international shipments. Simple and convenient for all businesses.
- Expert Help: Our experienced team provides guidance and support for complex shipping insurance matters.
- Seamless with Your Orders: Easily integrate Luwjistik Insurance into your orders, ensuring protection no matter your shipping partner.
- Global Protection: Covering shipments worldwide, Luwjistik Insurance suits businesses operating across various regions and networks.
- Clear Pricing: We offer transparent pricing, so you can understand insurance costs and plan your shipping expenses effectively.
To learn more about our offerings, visit our website at luwjistik.com or contact our representative team at Commercial@luwjistik.com. We’re here to help.
