Cargo insurance is contracted by the carrier to cover cargo transport operations. It guarantees the cargo owner compensation for damage caused by accident or loss of cargo due to theft.
The most widely used policies for road haulage are the RCTR-C Road haulage carrier’s liability to cover claims caused by tipping, collision, fire, explosion, overturn and collision. RCF-DC Policy Optional civil liability of the road haulage operator for cargo disappearance to cover theft or theft, misappropriation and kidnapping or misappropriation.

When RCF-DC policy insurance is contracted by the owner of the cargo, the DDR Waiver Letter is issued. Responsibility for reimbursement for cargo theft lies with the policy issuer.
Statistics point to a drop in the number of cargo thefts recorded in 2018, compared to R $ 2 billion registered in 2017. 80% of these records occurred in the states of São Paulo and Rio de Janeiro, where the largest circulation of assets is concentrated. . The most targeted products are also the most easily sold and with high added value. The highest risk lists are cigarettes, electronics, fuel, auto parts, food, pharmaceuticals, polymers and copper.

Insurers when issuing an insurance policy require a risk management plan. The most common procedures are the electronic registration of cargo, registration and consultation of driver and helper profile, tracking, monitoring, use of electronic bait and escort, all these services should be done by approved companies recommended in the insurance policy. Here’s a brief description of how each procedure works:
Electronic Registration: Mandatory on all shipments, made by the carrier through a system such as EDI, or application prior to shipment. Product data, NF value, Origin and destination, vehicle, driver and helper data are entered.

Registration in a specialized company: The professional profile must be within the deadline of the consultation, and for the carrier the registration is valid per shipment, for the aggregate the validity is six months and for the CLT employee for twelve months.

Cargo Tracking: Vehicle-mounted equipment that enables vehicle tracking and tracing via satellite. The equipment must be approved by the insurer.

Monitoring: Communication between driver, carrier and monitoring company. The tracker has an onboard computer, where the operation data is entered by the driver on the keyboard to validate the information sent by the carrier.

Electronic Bait: Compact equipment that is deployed in charge and monitored.
Escort: Armored vehicle with people carrying firearms, properly trained and able to accompany and protect the cargo on boarding, on the way and when disembarking.

All of these services have a cost to the contractor. The cost is passed according to the invoice rate and the PGR is charged at the GRIS rate.

It is very important that the carrier make a prior analysis of the cargo and all risks during the implementation of the contract with the Customer. This caution minimizes the risks of risk management failure. For more detailed information, please contact our comercial@transreid.com.br