Maximize Protection with Surprising 3PL Insurance Claims Insight
Cost Considerations and Financial Benefits
The cost of 3PL insurance can vary based on factors such as the volume of goods handled, the value of the cargo, and the specific risks associated with your operations. On average, logistics companies spend between 0.5% to 1.5% of their annual revenue on insurance2. While this may seem significant, the financial protection and peace of mind it offers are invaluable.
Moreover, investing in comprehensive insurance can lead to cost savings in the long run. By mitigating risks and reducing the likelihood of costly claims, businesses can maintain stable operations and avoid financial disruptions.