Cargo theft trends and tips to prevent losses
Small and mid-sized shippers may be at more risk for cargo theft than larger ones because they may not have the same ability and budget to implement enhanced security measures throughout their supply chain. Given this, it is more important than ever for small and mid-sized shippers to have the right insurance solutions, limits and deductibles to protect their cargo at the terminal, in transit and at the destination.
As a top 10 marine carrier, The Hanover has the expertise to tailor insurance solutions with industry-specific coverages to meet your unique business needs – and protect your cargo. Learn more about how to keep your cargo safe.
Related resources
Cargo theft trends and tips to prevent losses
Small and mid-sized shippers may be at more risk for cargo theft than larger ones because they may not have the same ability and budget to implement enhanced security measures throughout their supply chain. Given this, it is more important than ever for small and mid-sized shippers to have the right insurance solutions, limits and deductibles to protect their cargo at the terminal, in transit and at the destination.
As a top 10 marine carrier, The Hanover has the expertise to tailor insurance solutions with industry-specific coverages to meet your unique business needs – and protect your cargo. Learn more about how to keep your cargo safe.
Related resources
Cargo theft trends and tips to prevent losses
Small and mid-sized shippers may be at more risk for cargo theft than larger ones because they may not have the same ability and budget to implement enhanced security measures throughout their supply chain. Given this, it is more important than ever for small and mid-sized shippers to have the right insurance solutions, limits and deductibles to protect their cargo at the terminal, in transit and at the destination.
As a top 10 marine carrier, The Hanover has the expertise to tailor insurance solutions with industry-specific coverages to meet your unique business needs – and protect your cargo. Learn more about how to keep your cargo safe.
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Cargo theft trends and tips to prevent losses
562 cargo theft events in the United States in 2018
74% of cargo theft is caused by truckload theft
$142,342 average loss per incident in 2018
Saturday through Monday had high rates of cargo thefts
With busy ports, these states are hotspots for cargo theft:
- California
- Texas
- Florida
- Illinois
- Georgia
Top ways to prevent cargo thefts:
- Screen employees and vendor partners
- Provide security training for employees
- Carefully plan routes and be sure drivers follow those routes
- Use technology to monitor and track merchandise and vehicles
- Lock up unattended cargo
Highest theft months:
- July
- November
- December
Most likely to be stolen:
- Electronics
- Home and garden products
- Food and beverages
- Building and industrial
Source: Sensitech
Related resources
Cargo theft trends and tips to prevent losses
Small and mid-sized shippers may be at more risk for cargo theft than larger ones because they may not have the same ability and budget to implement enhanced security measures throughout their supply chain. Given this, it is more important than ever for small and mid-sized shippers to have the right insurance solutions, limits and deductibles to protect their cargo at the terminal, in transit and at the destination.
As a top 10 marine carrier, The Hanover has the expertise to tailor insurance solutions with industry-specific coverages to meet your unique business needs – and protect your cargo. Learn more about how to keep your cargo safe.