U-PIC Parcel Insurance Plan

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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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