Shipping can feel like an adventure, but for small businesses, it's no time to play pirate! Lost or damaged parcels can sink your profits fast. Parcel protection is your trusty lifeboat, ensuring your treasures arrive safely. Here's the ultimate guide to keeping your shipments (and profits) secure.

Why Parcel Insurance Matters

Think about it: a lost shipment isn't just a disappointment; it's a hit to your wallet. Parcel insurance acts like a safety net, covering losses, damages, or theft so you can focus on growing your business instead of worrying about shipping snafus.
How Does Parcel Insurance Work?

It's simple! You insure your shipment's value, and if it's lost or damaged, the insurance reimburses you. Just keep proof of value, shipping details, and evidence of loss or damage handy for a smooth claims process.
What Does Parcel Insurance Cover?

Typically, you're covered for:
  • Lost parcels
  • Transit damage
But be warned: Ensure to review the insurance policy's terms and conditions carefully to understand the coverage details and exclusions before purchasing package delivery insurance.
Parcel Protection Options for Small Businesses

  • Insurance from your courier service: Reliable but pricey.
  • Third-Party Insurers: Affordable and customizable.
  • Custom Plans: Perfect for big volume, one time shipment.
Take MicroCover, for example—just 1% of your parcel's value gets you full coverage up to RM 5,000 for both loss and damage. For smaller budgets, they offer coverage for loss only at 0.6%. Smart, right?
Choosing the Right Parcel Insurance

Ask yourself:
  • What's the value of my parcels?
  • Where am I shipping to?
  • How much am I willing to spend on coverage?
Pro tip: Knowing your risks helps you pick the best plan for your business. MicroCover's flexible options make it easier to strike a balance between cost and protection.
Tips for Avoiding Parcel Issues

Shipping can be bumpy, so here's how to keep your cargo safe:
  • Use sturdy, waterproof packaging.
  • Label parcels clearly.
  • Choose trusted carriers (not just the cheapest ones).
  • Track shipments like a hawk.
Remember, skimping on quality packaging or picking bargain-basement couriers might save a buck upfront but can cost you big-time later. Think of it as an investment in peace of mind.
How to File a Claim for Lost or Damaged Parcels

If the unexpected happens, don't panic!
  • Snap photos of the damage or evidence of loss.
  • Hold onto receipts and invoices.
  • Contact your insurer ASAP.
  • File the claim within their timeline (time's ticking!).
Parcel insurance isn't just an added cost — it's a power move for any savvy small business. Protect your shipments, wow your customers, and keep your business sailing smoothly.

Have questions? Hit us up on social media — we're here to help!