Most businesses have a transit exposure: an exposure to loss of personal property while it is being moved from one place to another by truck, rail, air, or sea. This course introduces the legal obligations and exposures that can arise from transit in general and then specifically by type of transportation. It then delves into the several different types of insurance are designed to protect property while it is in transit from one place to another by land, sea, and air, looking at key provisions and unique terminology and coverage.

Upon completion, students will be able to:

• identify and compare the responsibilities of motor carriers and shippers;
• identify the major types of insurance available to cover property in transit;
• recognize the coverages and coverage alternatives commonly found in motor truck cargo policies, motor cargo policies, annual transit policies, trip transit policies, and policies providing mail coverage;
• recognize the unique characteristics of ocean marine insurance and common clauses found in the policies; and
• identify the distinctive characteristics and key features of air carriers’ and railroads’ insurance on cargo