How one wholesaler protects its goods in transit

Insurance gives businesses the security they need to keep their supply chain moving.

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Minimize Risks with Insurance

Tacori Enterprises, an artisan jewelry wholesaler, ships around 12,000 packages a year. The company specializes in high-end jewelry like engagement rings that require large sums of insurance. This, however, became a source of contention whenever the company shipped goods to its clients in the United States, Canada, the Caribbean, and the United Kingdom.

Shop Around for the Right Plan

Daniel Popa, Tacori’s shipping and promotional displays manager, was hindered by the insurance limits that other carriers placed on packages. So he began shopping around for better coverage. That’s when he discovered UPS Capital® insurance. We worked with Tacori to customize a solution that would meet the jeweler’s needs.

Personalize Your Protection

Because UPS Capital is closely integrated with the transportation industry, specialists can design solutions for your business model, however you move goods.

“(We) came up with a way to cover the first $5,000 of a package with Flexible Parcel Insurance, then cover the balance with Cargo Insurance–up to $100,000 in the U.S. and $50,000 internationally,” says David Spain, the UPS senior business development manager who worked with Popa to craft the solution and make it seamless to the customer. The collaboration ultimately saved Tacori $20,000 to $25,000 a year in shipping.

Popa feels that personalization is very important when it comes to safeguarding your supply chain. “Choose your insurance partner carefully,” he advises, “and ensure you get a great rate, great coverage, and great service.”

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