Understanding the Basics of the Container Security Initiative
Category : Business Insurance
Security is vital when it comes to business. If you’re the type of business owner who runs a company that involves shipping in any capacity, then you absolutely need to go above and beyond when it comes to protecting your assets and meeting federal regulations. Following the events of September 2001, the United States took a number of extreme steps in order to exhibit more control over every aspect of daily operations in the nation. With shipping, the biggest change was the invention of the CSI by the United States Customs Service.
Also known as container security initiative, CSI is a measure that was put into place as a way of reducing potential threats to the security of the country. What’s more, this initiative also protects businesses. Should someone with nefarious purposes commandeer a vessel and taint your cargo, you can rest easy knowing that your insurance covers you no matter what threats might be lurking on the horizon. Other coverage areas to consider include:
- Workers’ compensation for staff
- Enhanced policy options for D&O
- Coverage in the event of errors
Discover the Right Fit
Though insurance is far from a straightforward process, there are many steps you can take in order to find the best policy. Review the basics and learn more about how to create a plan you believe in.