Low Cost Package Insurance for Business Shippers
Parcel Insurance Plan (PIP) is a third-party shipping insurance provider. Shipping insurance covers your company’s packages in the event that they are lost or damaged while in transit. Packages can be shipped via UPS, FedEx, USPS and other freight or small parcel carriers. Instead of insuring directly with the carrier, choose PIP for your package insurance needs. We offer low rates, exceptional customer service, and claims are paid in 7-10 business days.
International Shipping Insurance Coverage
Our international coverage has no country restrictions except Russia. To qualify, your company must have insured packages over $100 in value on a daily basis or spend at least $1000 annually on declared value charges.
Strong Underwriting Support
Since its inception, Parcel Insurance Plan has been underwritten by Fireman's Fund Insurance Company. Fireman's Fund has been part of the Allianz Group since 1991, and is now integrated with and rebranded as Allianz Global Corporate & Specialty (Allianz), one of the world's most admired companies. Allianz Global Corporate and Specialty is rated "A+" Excellent by A.M. Best. No other provider of third party insurance has had as long a relationship with such a strong brand serving your insurance needs.
Carrier Systems Integration Electronic Reporting
In 2000, Parcel Insurance Plan created proprietary software in response to increasing customer interest in electronic reporting. Currently, ERIN 2000 works in combination with both UPS Online WorldShip and FedEx Ship Manager®. ERIN 2000 is simple to install, easy to use and best of all it’s FREE. There are no calculations to perform. Just a few clicks on your computer each month provides all the reporting we need! Automated PIP monthly reports are also available from many third-party shipping manifest systems.