May 25 2010 06:33 PM

In this economy, everyone is looking for ways to reduce expenses. When you use the Declared Value offered by UPS, FedEx, USPS or other carriers, you’re just throwing money away. Since 2002, UPS and FedEx rates for Declared Value have more than doubled. For 2010, they charge $.70 per $100 with a $2.10 minimum charge. You don’t have to pay this, you have an alternative - parcel insurance from Parcel Insurance Plan.

Parcel Insurance Plan (PIP) can save you 50% or more on the insurance charges with no reduction in value or coverage. The savings can add up to a significant decrease in your shipping expenses. Ship as few as 10 packages per day, with an average value of $500 per package and you will save almost $5000 annually by switching to PIP. Higher volume shippers can save tens of thousands of dollars each year. 

If you pass all these shipping charges on to your customers, you may think the cost doesn’t affect you, right? Consider passing on the full carrier’s rate to your customers as a shipping/handling charge. The savings from insuring with PIP will generate revenue for your company. Revenue that can be used to save jobs, make upgrades, or simply offset overhead associated with your shipping department.

Why should you choose PIP?

Every month you pay your premium, you need to know that your insurance company is going to be there when you need them and that your claims will be paid. Be sure to use an insurance company that has a high rating. The rating organizations (A.M. Best and Standard and Poors) independently rate insurance companies based on their financial strength. 

PIP has been in business since 1966 and has been underwritten by Fireman’s Fund Insurance since inception. Fireman's Fund is rated "A" Excellent by A.M. Best and is one of America's largest and most financially secure insurance companies. No other provider of third party insurance has had as long a relationship with such a strong insurance company.

Do you ship internationally? You will be pleased to find that PIP’s policy does not exclude any specific countries. However, whenever coverage provided by the policy would be in violation of any U.S. economic or trade sanctions, such coverage shall be null and void. You can always find the latest information about sanctioned countries at the US Department of the Treasury’s website –

Start saving today
See for yourself how easy it is to save with PIP. Request your free no-obligation quote today – online at or call us at 800-325-7390. We look forward to earning your business.