Track Parcel Values and Rates to Generate Accurate Insurance Fees Effortlessly
Managing shipping insurance for multiple parcels can be a time-consuming and error-prone task. The CNFANS Spreadsheet
Why Automate Shipping Insurance?
- Accuracy:
- Efficiency:
- Transparency:
- Cost Control:
- Efficiency:
How to Set Up Your Automated Calculator
Step 1: Create Your Data Columns
Structure your spreadsheet with the following core columns:
| Column Header | Description |
|---|---|
Parcel ID |
Unique tracking or reference number. |
Declared Value (USD) |
The total value of goods in the parcel. |
Insurance Rate (%) |
The insurance premium rate (e.g., 3 for 3%). |
Minimum Fee (USD) |
The minimum chargeable fee, if applicable. |
Calculated Fee (USD) |
The automated output cell. |
Step 2: Implement the Calculation Formula
In the In spreadsheet syntax (e.g., Google Sheets or Excel), for row 2, it would look like: Where:Calculated Fee
Insurance Fee = MAX( (Declared Value * Insurance Rate%), Minimum Fee )=MAX( B2 * (C2/100), D2 )
B2
C2
D2
Step 3: Apply and Automate
Drag the formula down the entire column. The Calculated Fee
Practical Example
| Parcel ID | Declared Value | Ins. Rate | Min Fee | Calculated Fee |
|---|---|---|---|---|
| PKG1001 | $150.00 | 3% | $5.00 | $5.00 |
| PKG1002 | $500.00 | 3% | $5.00 | $15.00 |
Pro Tips for CNFANS Users
- Dynamic Rates:VLOOKUPXLOOKUP.
- Currency Conversion:
- Data Validation:
- Dashboard:
- Data Validation: