See Blog Categories

What Does Insured Shipping Mean? A Guide to Doing Business Properly

Businesses rely on couriers to get their products to customers. Most times, the delivery process is reliable, but sometimes packages get damaged or lost. Both the seller and the buyer should be prepared for that.

According to SaleCycle, 80.2% of online purchases are returned because of damage, and most customers returning products want expedited shipping or discounts. As a seller, you can solve this in two ways: insured shipping or paying out of pocket.

Of course, paying out of pocket will drain your income because most insurance companies charge per package. Thus, to avoid bad reviews, insured shipping is the way to go. 

What Does Insured Shipping Mean?

Insured shipping protects shippers from lost, stolen or damaged packages. If your products don’t reach their destination or arrive damaged, you will be entitled to a reimbursement for the declared value of the items. 

What does shipping insurance cover? As long as the shipping is insured, the package will be covered. However, most couriers require time to process these claims. Sellers then just send another item from their inventory and worry about the reimbursement later so that they don’t keep customers waiting. 

Should I Get Shipping Insurance?

Getting insurance for every package you send can eat up your time and budget. To promote efficiency, shipping companies should directly provide insured shipping to protect outgoing packages.

However, note that not every package can and should be insured. Here are the different situations when sellers can consider insured shipping. 

Valuable Items

The chances of a regular package getting lost or damaged are small, so getting insurance for them might not be economical. However, if you’re sending a valuable item and it gets damaged or lost, you cannot afford to shoulder the cost. As a rule, consider insuring anything that costs over $1,000. 

Fragile Items

It’s generally not a good idea to buy fragile items online. However, if you do sell them, you better insure your shipment so that you’re reimbursed if it gets damaged or lost. 

Even if you get insurance, protecting your package is still necessary. Your shipping partner should offer materials that can protect fragile items, such as bubble wrap, bubble mailers and packaging tape. 

If You Have a New Shipping Partner

Loyalty and familiarity are good for business. When you have a shipping partner, you know how they operate and how they handle your packages. In some cases, however, you might need to switch companies, and you’ll be unfamiliar with how they do things. Insuring your packages will protect you until you can be certain about the quality of their service. 

3rd-Party Shipping Insurance

Getting insurance from your logistics partner should be your primary option because they can offer favourable rates in addition to your shipping fee. However, if you must get it from a third-party shipping insurance provider, make sure their offer is affordable. Third-party insurance rates range from 1.05% to 3% of the package’s declared value. Any higher than that might be too expensive to maintain. 

When in Doubt, Ask for a Payout

You can never be too careful when shipping your customers' orders. Bad luck can strike at any time, and there is always the possibility of your product being mishandled, damaged or lost along the way. Even if these things are out of your control, you can still mitigate risks by getting your shipment insured. 

Let us help you protect your business, your customers, and yourself. If you're looking for a logistics partner that can offer you low-cost shipping with affordable, full-coverage insurance, contact us at Stallion Express.

Get started today! Ship faster, smarter, cheaper with Stallion.

Get Started Today.  Sign Up for Free!
See more articles from same author
Stallion November 2023 Recap

We're getting close to the end of the year! As usual, Stallion is here to provide you with some insightful news to make shipping more efficient. Now, let's get into the specifics: General Updates Stallion Branch Hours Review our Stallion location business hours for your guidance this upcoming holiday season. Holiday Shipping Deadlines 2023 As […]

Read More
Ontario: Temporary U.S. Shipment Delay

There is a temporary delay that may impact some of the U.S. shipments at our locations across Ontario from November 21 to November 22. This delay is attributed to two factors: the temporary closure of the border between Canada and the U.S. following an incident on Wednesday morning and the U.S. Thanksgiving holiday on Thursday. […]

Read More
Holiday Hours 2023

'Tis the season! As we gear up for the festive holiday season, take a moment to check out our special hours to ensure you can plan your visits accordingly. In addition to our schedule, we advise you to take a look at our partner carrier's holiday shipping deadlines. This will help you manage expectations regarding […]

Read More
Holiday Shipping Deadlines 2023

Prepare for the upcoming holiday season! Check out our shipping carrier partners' holiday deadlines below. These recommended cutoff dates are crucial for ensuring successful delivery during this season. It's important to note that these dates are not guaranteed, as they are based on past, current, and projected capacity for the peak season. Ensure a smooth […]

Read More
Stallion October 2023 Recap

Spooky season has arrived! We’re here to give you the monthly summary so you can stay on top of things while you entirely focus on increasing your sales.  Let’s dive deeper into the October announcements, shall we? General Updates PostNL as international shipping option in B.C. For our B.C. online sellers, please be informed that […]

Read More
eCommerce Competition Case Study: How to Overcome Market Saturation by 30% in 101 Days

In the competitive world of Canadian eCommerce, the challenge of market saturation can stifle growth and creativity. This study will discuss the strategic options you, a fellow Canadian eCommerce entrepreneur, can personally employ to achieve a substantial 30% reduction in market saturation in just 101 days using the Stallion Technique. Discover this innovative approach that […]

Read More
1 2 3 42

Join the Stallion Newsletter

You’ll receive the best tips, strategies, and news on Canadian ecommerce.

Read More

Stallion November 2023 Recap

We're getting close to the end of the year! As usual, Stallion is here to provide you with some insightful news to make shipping more efficient. Now, let's get into the specifics: General Updates Stallion Branch Hours Review our Stallion location business hours for your guidance this upcoming holiday season. Holiday Shipping Deadlines 2023 As […]

Ontario: Temporary U.S. Shipment Delay

There is a temporary delay that may impact some of the U.S. shipments at our locations across Ontario from November 21 to November 22. This delay is attributed to two factors: the temporary closure of the border between Canada and the U.S. following an incident on Wednesday morning and the U.S. Thanksgiving holiday on Thursday. […]

Holiday Hours 2023

'Tis the season! As we gear up for the festive holiday season, take a moment to check out our special hours to ensure you can plan your visits accordingly. In addition to our schedule, we advise you to take a look at our partner carrier's holiday shipping deadlines. This will help you manage expectations regarding […]

Establishing A Brand Across the Border: Canada to US Shipping

Establishing a brand is already a challenging task to keep up due to the rising number of businesses that open yearly. However, expanding across the border is a different thing. It requires more strength, better marketing techniques, and exceptional working strategy because you will face thousands of sellers in the United States and overseas.  This […]

What Are The Factors in Choosing the Right Target to Make International Shipping Prices Worth It?

Due to the expensive shipping cost and tedious process, numerous businesses usually do not consider international shipping. Additionally, attracting the right target market is more challenging because of various elements, such as culture, geographical location, and local preferences. However, Stallion Express can help you know the factors in choosing the most suitable global audience for […]

How to Save on International Shipping Rate?

Going out of your comfort zone can be scary and worrisome-the feeling of facing the unknown and looking forward to something you cannot predict. This idea can apply to different things, including business. You can handily establish a company; managing and growing it, though, is the challenging part. Moreover, expanding your business internationally can be […]

Hear what online sellers in Canada are saying

"Stallion Express is a game changer for small business owners like myself. My online store wouldn't be where it's at today without the Stallion Express team."
Dorothy Wong
"Outstanding service. Delivery is always on time. Accessible location. Expert staff. There's nothing else I could ask for."
Norma Joseph
"Stallion Express has been fulfilling my shipments with excellence for the longest time. With their quick actions and unparalleled customer service, they are the best shipping company."
Lena Hulsey
Stallion Express
Ship faster, smarter, and 
cheaper with Stallion Express
© 2023 Stallion Express  |  Legal
Ship faster, smarter, and cheaper with Stallion Express
Stallion Express 2020  |  
Legal
menuchevron-downcross-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram