Insurance guarantees protection from financial loss. In eCommerce, goods are insured to recover their loss if they are damaged during transportation, etc.
Insurance refers to a contract initiated by the parties in which a party receives financial benefits or reimbursements for protection against any losses or damages. When it comes to logistics, sellers must look for a logistics provider that offers shipping insurance on packages.
This way the seller remains assured that in case there is any damage to the parcel during transit or if the parcel gets misplaced due to the fault of the courier company, they don’t suffer from any losses on the product. Shipping insurance is a must when looking for a courier company to deliver parcels to the customer.