Meramec Secure^®

Shipping Insurance

Shipping insurance has become increasingly popular among consumers and retailers as it protects against lost, stolen, or damaged items during transportation or delivery.

When offered, customers are provided with the option to add this coverage to their shopping cart for a low one-time fee, based on the retail value of the shipment. The claims process is quick and efficient, helping to maintain satisfied customers.

Great Solution for Online Retailers and eCommerce Businesses

• Online retailers utilize shipping insurance to protect inventory and maximize customer satisfaction. A properly structured program streamlines the claims process to help ensure a satisfied customer in the event of a covered claim.
• Porch pirates are getting more aggressive, and shipping insurance helps protect your customer relationship and enhance trust in your business.
• Individual shoppers and retail companies who ship packages often benefit from the peace of mind that comes with shipping insurance.
• For a customer, knowing that your orders are protected from damage or theft can reduce stress and anxiety associated with shipping.

There are many different programs in the market today, and not all programs are created equal regarding compliance and structure. Critical elements in a program that need to be considered since this is an insurance product include:

• What insurance company is issuing the policy
• What type of policy is used, and does it cover the transportation of products
• Who is the actual policyholder
• How is the consumer protected by the policy
• Who is the licensed insurance producer in all states where it is being sold
• Who is the licensed agency in all states where it is being sold
• Who is performing the claims administration, and are they compliant
• Who is making the offer to the consumer, and how is the offer made
• Is the retailer of the product able to receive insurance commissions

Contact Meramec Secure^® if you have any questions about finding the right solutions, structures, and partners for your Shipping Insurance program. We are here to help.

Programs are not available in all states. This page is informational only and provides no guarantees, representations, or commitments related to a program. Contact us for additional details.

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