Ocean marine cargo is rarely a leading topic of conversation between insurance agents and their clients. Although one of the simpler classes of insurance, it is often surprisingly misunderstood.
This is unfortunate because these risks represent a sizeable exposure for the fast-growing number of U.S. businesses active in international trade. With a little knowledge and the ability to ask the right questions, an agent can usually offer a coverage solution that makes the client's life easier–and frequently saves money in the process.
The need among U.S. businesses for ocean marine cargo insurance has never been greater. The expansion of global supply chains and Internet communications have led many more companies–be they manufacturers, wholesalers or distributors–to source raw materials, components or finished goods directly from overseas suppliers.
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