Liability, a.k.a ‘third-party-insurance’, is the legal duty that small business owners have for the harm or losses that they cause to third parties. It’s important to know what you’re liable for when it comes to loss, damage or risk as most insurance policies don’t always cover things such as intentional damage and contractual obligations.
Incoterms are known as international trade terms. These terms help facilitate international trade smoothly and outlines the responsibilities of all parties involved. You can find out more about updates and changes of incoterms here.
It’d be smart to consider container insurance when you’re getting cargo insurance since most cargo is shipped via container. Not sure where to find the right container insurance? Don’t fret, we’ve got you covered.