Shipment of goods by common carrier can be a major part of small business transactions. The goods could be manufactured, inventory for resale, or office equipment. One key concerns that a small business owner should be aware of in shipment of goods is risk of loss.
Many risks are unforeseen such as weather, fire or theft; and the loss may not be covered by the business owner’s insurance policy or if the loss is covered, the policy may be insufficient to cover the entire amount. If the value of the shipped goods is insufficient, there is little impact on business operations. However, if the value of the goods is significant, the loss could seriously impact the survival of the business. [Read more...]