Sharing What We Know

Pitfalls of logistics for e-commerce retailers

With so many potential pitfalls, it’s easy to see problems, rather than solutions. But even if the road is treacherous at times, there are multiple lifelines available to help you navigate the waters of the global logistics landscape.

Created: Jun 29, 2022

Chapter 07

Inconsistent insurance coverage

Here’s a nightmare: finding out you don’t have insurance coverage when things goes wrong

Inconsistent insurance coverage

Despite much of the e-commerce process happening online, there are very real tangible issues that can happen when shipping orders from A to B.

Problems such as damage to goods caused by natural disasters, water damage, theft, falling trees and telegraph poles, rodents as well as loss in an airport or at sea. An average of 1,390 containers are lost at sea each year!

But protecting your inventory can equally be a minefield. What sort of insurance should you get, what will it cover and what won’t it cover? Not to mention, insurance contracts are often very dense legal documents that make it difficult to understand what exactly you’re paying for. Furthermore, by being a sole company purchasing an insurance plan, you could be paying more than working with larger entities which can manage insurance on your behalf and have a much larger spending power. Working with a 3PL with insurance built into their offering is a great way to take advantage of this.

By leveraging a full client base, Borderless360 are able to offer free transit insurance for up to $30 USD per order to all their customers. This means you can spend more time focusing on what you do best, your business.

UP NEXT:

Computer says no

The sting of technical difficulties

Computer says no