Imports Are Up! Time to Buy Rig Insurance

According to the Market Realist, U.S. imports totaled $228,000,000,000 while exports were only $184,000,000,000. Why are imports currently greater than exports? It might be due to the fact that the US dollar is currently appreciating in value when compared to other major currencies. This results in imports becoming cheaper.

This positive trend is predicted to increase with analysts stating that import volumes will grow by approximately 30 percent in the next decade.

Needless to say, now is the time to take advantage of importing. However, if you’re new to importing goods, you should be aware that there are many constraints you might face. According to Stratfor Global Intelligence, the U.S. port system is very inefficient and cumbersome. Furthermore, highway and waterway congestion can impede the transportation of your imported goods.

It would be a grave mistake to concentrate your efforts on the port-side process of imports. The landbridge portion of your imports’ journey, when your imports are transported from the port to your warehouses or their final destinations, is crucial and shouldn’t be taken lightly. In fact, all commercial trucks in the U.S. transport 70 percent of total imports.

In short, the more you’ll be importing, the busier your rigs will be transporting your purchased goods to their destinations. This is where J.E.B Insurance Services, LLC comes in! Florida has some of the busiest U.S. ports, so your rig insurance must be comprehensive. Obviously your business isn’t the only one busy importing from the same port. With so many other rigs out on the road, the probabilities favor accidents.

With adequate Florida rig insurance from us, you’ll be fully protected from any accidents of any nature. We’re a family-operated business, so we’re very flexible. You can mix and match from our different rig insurance plans to come up with one that suits your needs. Contact us today to learn more about our rig insurance offerings in Florida.