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Freight Debate

Add insurance to your shipping costs?

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This story appears in the June 2002 issue of Entrepreneur. Subscribe »

You may have anywhere from a few hundred to hundreds of thousands of dollars of merchandise in transit at any given moment. Should you insure it?

Shippers typically either declare value (on less-than-truckload [LTL] or package shipments) or purchase insurance (on truckload shipments). But obtaining this coverage can significantly increase your shipping costs. Self-insuring your freight is an option you might want to consider.

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