U-PIC provides special discounted
insurance rates for the high volume shipper. A high volume shipper would
be someone shipping insured values totalling $2,000 per day or more.
Many shippers utilize a shipping manifest system or use shipping
software to create labels, reports, and other specific data on each
package. This creates a more efficient and time effective process to
ship a package. U-PIC can be added or included in both the
shipping manifest and shipping software. This allows your company to
take advantage of the U-PIC system with very little effort
or interuption in your everyday business routines. We will instruct you
on how to program your system to run a U-PIC insurance
report showing the number of packages shipped, the carrier used, and
value of each package.
You will then generate at the end of each shipping month an insurance
report which you will send in with your premium check. Your premium can
be calculated by using the insurance report information. Premium is due
in the U-PIC office on the 10th day following the insured
period. Rates are usually 50-80% less than carrier provided insurance.
Rates vary based on qualifications such as volume and claims history. U-PIC
can save your company hundreds, perhaps thousands of dollars each year!
Example:
ABC Company ships approximately 200 packages per day with an average
value of $300.00 per package. They use UPS to ship their packages. Last
month they paid UPS $3,080.00 for insurance with UPS. They qualified for
U-PIC's lowest UPS rate of .15 cents per hundred dollars of
value. Had they insured with U-PIC last month they would
have only paid $1,232.00 for insurance coverage. They would have saved
$1,848.00 a 57% savings on insurance costs.
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