UPS Capital now covers jewellery, healthcare products and other industries with global supply chains
UPS Capital has expanded its transportation insurance solutions and capabilities in Germany and the United Kingdom. This expansion means UPS Capital and its affiliates can now offer a broad suite of cargo insurance solutions tailored for all industries, including healthcare, luxury jewellery and high-value shipments.
“A recent UPS study in Germany and the UK showed the risk of goods being lost or damaged during transportation is the top concern of exporters,” said Jorge Navarro, vice president of UPS Capital Europe. “UPS Capital heard the concerns of exporters and now offers more ways to reduce risk for companies with global supply chains.”
The insurance solution covers cargo on various modes of transport and carriers, and provides reimbursement up to the invoice value in the event of loss or damage to goods moving within the supply chain.
The coverage also addresses the following:
- Concealed damage to goods when there is no visible evidence of damage to packaging
- Expediting expenses for rush orders and customs fees that may be required to replace lost or damaged goods
- General average losses
- Unique situations like trade shows, exhibitions and fairs.
