Buying and selling overseas is no longer a game reserved for just the multinational companies. According to a joint report by the California think tank Institute for the Future and the software company Intuit, one-third of all small businesses are already doing business abroad – and this could rise to 50 percent within the next 10 years. “This trend is creating a substantial need for the smaller importer or exporter to obtain an ocean cargo policy that covers all of their shipments on broad insuring terms for an affordable premium,” according to Scott Beebe, ocean marine director at Travelers. “If companies are obtaining coverage on a shipment-by-shipment basis, they could be paying higher premiums for inadequate coverage.”
Ideal for smaller importers and exporters, Ocean Express cargo policies offer:
Ocean Express is available to appointed commercial lines agents through Agent HQ, Travelers proprietary online system.