loss prevention

Falvey Cargo Updates

Significant Losses to the Cargo Market: Storage Facility Fires

Posted: November 12, 2020 in:

Continuing our series of reports on the major losses impacting the cargo market, this article focuses on the most basic element of insurance coverage—fire—and a swath of large warehouse fires that have resulted in the market’s increased attention on locations with large single stretch limits, adequate fire protection underwriting, and changed the way the... […]

Get To Know Mark Coppa

Posted: October 28, 2020 in:

This month’s team spotlight features Mark Coppa. A recent hire at Falvey Cargo, Mark has quickly proved himself to be an outstanding “rookie” and helped our team provide the best service to clients. […]

Incoterms® 2020: Defining FAS, FOB, CFR & CIF

Posted: October 14, 2020 in:

For the last article in our blog series breaking down Incoterms®2020, we’ll explain the four rules that apply specifically to sea and inland waterway transport. In our previous articles, we addressed the first eight terms that cover any mode of transport. (See “Defining DAP, DPU & DDP” and “Defining EXW, FCA, CPT & CIP .”) […]

Incoterms® 2020: Defining DAP, DPU & DDP

Posted: October 7, 2020 in:

In this article, we continue our blog series that explains all 11 rules in Incoterms® 2020 and spotlight DAP, DPU, and DDP. We recommend familiarizing yourself with these rules so you can utilize them in your everyday sales transactions . […]

Product, Defect, Recall, and Contamination Coverage For Pharmaceuticals & Medical Devices

Posted: October 2, 2020 in:

Operating in one of the most highly regulated environments makes it challenging to avoid the fallout from a costly recall. Falvey’s new Product, Defect, Recall, and Contamination (PDRC) coverage can help you do just that. Our PDRC coverage is specifically intended to protect pharmaceutical and medical device manufacturers from the financial and... […]

Product, Defect, Recall, and Contamination Coverage For Food and Drink Products

Posted: October 1, 2020 in:

After the recent introduction of our Product, Defect, Recall, and Contamination (PDRC) coverage, we wanted to explain more about each aspect of the coverage. For this article, we’ll break down how PDRC protects food and drink manufacturers and suppliers from financial and reputational damage in the case of a recall.  […]

Product, Defect, Recall, and Contamination Coverage For Consumer Durables

Posted: September 30, 2020 in:

Facing a recall on a finished good? Falvey Insurance Group recently introduced our new Product, Defect, Recall, and Contamination (PDRC) coverage. One element of our comprehensive PDRC policy is specifically focused on consumer durables: This coverage protects final product consumer goods manufacturers from the financial and reputational damages... […]

Product, Defect, Recall, and Contamination Coverage For Automotive Component Manufacturers and Suppliers

Posted: September 29, 2020 in:

Falvey Insurance Group was excited to recently debut our Product, Defect, Recall, and Contamination (PDRC) coverage. In the wake of that announcement, we’re publishing a series of in-depth blogs that explain how this coverage can protect a variety of businesses and products. This article in our series focuses on the automotive industry. […]

Stock Throughput and Product Defect, Recall & Contamination Coverage – A Fitting Policy Pairing

Posted: September 24, 2020 in:

A stock throughput policy (STP) is used to insure items from the time they are shipped, manufactured, processed, stored as inventory, and eventually delivered to their final destination, be it a storage facility or customers’ locations. […]

Incoterms® 2020: Defining EXW, FCA, CPT & CIP

Posted: September 23, 2020 in:

In January 2020, the International Chamber of Commerce (ICC) released the latest edition of Incoterms®. Updated every 10 years, these 11 terms of trade for the sale of goods are the foundational guidelines for business-to-business transactions. […]

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