The essence of insurance is to disperse and compensate for risks. In addition to the risks in the logistics link, international trade itself also has many risks, such as trade fraud and goods being lost. Therefore, traders will buy transportation insurance when they export in bulk. Many export companies do not make sufficient analysis of the trading partners they met on the foreign trade website, and blindly ship goods only through online communication, often encountering deposit fraud and running away after picking up the goods. For example, the other party is dishonest and abuses unreasonable unilateral trade terms. After the goods arrive at the destination port, they refuse to pay or pay less for the goods with various excuses, or first deceive trust and sign an export contract with them, keep their promises at the beginning, and then start to cheat after the shipper relaxes his vigilance. Due to the low value of e-commerce goods and the fact that the owners and recipients are very scattered, traditional insurance products generally lack risk transfer coverage for parcel business.
In recent years, insurance companies or brokers have also launched some insurance products for cross-border e-commerce. For export parcels, the insurance premium for total loss/loss insurance is about 1%-5% of the value of the goods, and the minimum deductible is 50-100 yuan; if the probability of delay is high and the quantity is large, the rate of delay insurance can reach more than 1% of the freight, or it can be charged on a fixed basis, such as 0.1 yuan/piece. It is also necessary for the intermediate logistics company itself to sign a time compensation or insurance agreement with the carrier. The carrier shall bear the liability for damages for the damage and loss of the goods during transportation, such as loss of goods on the way to the warehouse after customs clearance. The goods must be packed tightly so that the goods can withstand the collision of long-distance transportation. The customer contract may require compensation claims for indirect losses caused by logistics. When the scope of the claim is unclear, it depends on the circumstances.