Mike Falvey, President of Falvey Insurance Group, and Ted O’Sullivan, head of ProTecht Risk Solutions with Falvey Cargo Underwriting, were prominently featured in Karen Kroll’s article for Inbound Logistics on the growing importance of proper risk management and cargo insurance considerations for international supply chains today.
Sneak Peek Below:
“Companies that ship infrequently and aren’t overly concerned with loss may find a transactional model adequate. But once you start getting into high-value goods or sensitive products, you need to make sure you have adequate insurance and take a more proactive risk management approach,” says Mike Falvey, President of Falvey Insurance Group.
“Shippers can assess the three V’s to determine when to shift to an open cargo policy: the value of their shipments, the velocity or frequency with which they ship, and the volume of each shipment. As any of these increase, the case for an open cargo policy becomes stronger,” O’Sullivan says.
[Main Banner Image Source, Inbound Logistics, 2017]
