Knowing that carriers are generally liable for damages to freight and lost cargoes, it shows us that the need for legal freight liability protection is equally important to cargo insurance. Coverage can be arranged for most commodities following standard trading conditions. Liability insurance is needed and mandatory to most countries in order to protect transportation companies and hauliers against freight liability, 3rd party and Errors & Omissions (E&O) claims.

For our freight forwarder’s liability proposal form, click here

For our freight forwarder’s liability wording, click here

Freight Forwarders Liability refers to:

– Freight Forwarders

– Non-Vessel Operating Common Carrier (NVOCC)

– Warehousemen / Freight Consolidators

– Haulage Companies

– Logistics Operators

– Customs Brokers

– Trucking Companies

– Multimodal Transport

And Covers Certain Risks:

  • Third-party legal liability

    Professionals may cause an accident to a party with whom there is no contractual relationship and any claim which may arise will be attributable to loss or damage to third party property and/or 3rd party death/injury. Taking into consideration that most of professionals have a physical presence and carry out their daily services nearby high-valued vessels, the need of this insurance cover is extremely important and a valuable asset to them.

  • Cargo Liability

    It is important to ensure that in the unfortunate event of cargo loss/ damage (following the contract of carriage i.e. bill of lading, air waybill, etc.), we can cover the company’s liability which is responsible for carrying the cargo on behalf of its Customer.

  • Professional Liability/ Errors and Omissions (E&O)

    This section covers negligent performance of your Insured Services, which may cause financial loss to your Customer, non-deliberate breach of warranty of authority, misdirected claims against you as an agent, as well as a fraud of staff. Moreover, it is an additional advantage and an entry requirement in case you are a member of a trade association.

  • Liability for fines & duty

    Professionals may, unintentionally, commit a breach of regulation during the import /export of cargo. To avoid such fines and penalties by an Authority, which may arise greater issues, we are here to cover you or/and your company.

  • Cost & expenses

    associated with a Claim (e.g. surveyor’s fees, legal costs etc.)