Hauling the Freight: Cargo Risks and Insurance

Overview

Most businesses have a transit exposure: an exposure to loss of personal property while it is being moved from one place to another by truck, rail, air, or sea. This course introduces the legal obligations and exposures that can arise from transit in general and then specifically by type of transportation. It then delves into the several different types of insurance are designed to protect property while it is in transit from one place to another by land, sea, and air, looking at key provisions and unique terminology and coverage.

Find this course for your license


License or Certification 

 

Regulator 

 

Type 

 


Objectives

  • identify and compare the responsibilities of motor carriers and shippers;
  • identify the major types of insurance available to cover property in transit;
  • recognize the coverages and coverage alternatives commonly found in motor truck cargo policies, motor cargo policies, annual transit policies, trip transit policies, and policies providing mail coverage;
  • recognize the unique characteristics of ocean marine insurance and common clauses found in the policies; and
  • identify the distinctive characteristics and key features of air carriers’ and railroads’ insurance on cargo

Designed For:

Property and casualty insurance agents, risk, safety, and finance professionals


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International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.

Course Information

Adding additional credit may change exam requirements.

Advanced Preparation: None