Parcel Insurance Plan 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. 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.