Whether you are moving goods to or from the UK, we strongly recommend our clients have adequate insurance cover to manage the risk of goods being lost, delayed or stolen; letting you claim compensation should there be any resulting financial loss to your company.
Regal Crown Logistics of course have cargo insurance cover on all shipments, though since we are always operating under the most current trading conditions which are outlined by BIFA we are limited in terms of liability should the worst happen. Therefore it is vital that our customers are protected on all cargo movements.
Limitations on liability when a customer has not taken out cargo insurance cover are usually dictated by the cargo weight, so the disparity between value of goods and the compensation you will receive is most extreme when the goods in transit are high value/low weight. As an example, a computer part worth £10,000 and weighing 5kg is damaged in transit, under BIFA standard trading conditions and if liability is proven, this would roughly leave the company liable to compensate for around £10 in total. Obviously the customer in this situation has made a significant loss from both the goods and re-imbursement available.
The situation above highlights some of the reasons why cargo insurance is always strongly recommended for customers to obtain when shipping their goods. cargo insurance can be purchased for a fraction of the value of the goods and has no weight restriction should loss, damage or destruction occur. Please get in touch with one of our advisers and we will be able to get a quotation together for you, leaving you with complete peace of mind.