Insights to Help Your Business
What are the common pitfalls of self-insurance, and is shipping insurance worth it?
If you run an e-commerce business, you know that shipping is crucial. It ultimately helps create a smooth experience for customers. How you respond is especially important when things go wrong, like damaged packages or lost deliveries. Your actions matter just as much as the sale itself.
This is where the debate between self-insurance and shipping insurance comes into play. Throughout this article, we’ll explore the pitfalls of self-insurance while highlighting why InsureShield Shipping Insurance is the smarter choice for protecting your shipments and your business.
Self-insurance means a business assumes the financial risk of shipping problems. Instead of having an insurance policy, they manage the risk themselves. Rather than going through the insurance middleman, self-insured companies rely on a pool of funds to cover losses. It sounds simple, but “self-insuring” can become a logistical and financial hassle, especially for businesses without considerable resources.
InsureShield Shipping Insurance offers complete coverage and a simple claims process. This gives businesses of all shapes and sizes peace of mind. Here are some benefits:
Many of these self-insured tech stacks rely on pooled funds, which might not be sufficient for larger claims or high-volume shippers. InsureShield Protection provides broad coverage for many shipping problems. This is different from self-insurance pools, which may not fully cover e-commerce businesses.
When you transfer the risk to us, you always keep your business protected from unexpected financial hits. This helps you and your business maintain customer satisfaction and foster repeat business. With us, you have a genuine insurance company and coverage, no matter what.
Self-insurance can work for businesses with:
However, the risks outweigh the benefits for most small and medium-sized businesses. Self-insuring means taking on unnecessary stress and financial exposure—burdens we can help you eliminate.
InsureShield Shipping Insurance provides the protection, ease, and reliability your business needs to thrive. With our services, you can focus on growing your business while we handle the risks.
Switch from self-insurance to InsureShield Shipping Insurance today!