Freight Forwarder
Liability Insurance

Freight Forwarder Liability Insurance covers legal and financial responsibilities for cargo loss, damage, or delays during transit. It safeguards against errors, omissions, and third-party claims, ensuring smooth operations and peace of mind for logistics providers.

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Freight Forwarder Liability Insurance

- Freight Forwarder Liability Insurance Products

What Do We Offer

Protect your business, assets, and financial well-being with our wide range of insurance solutions designed to safeguard you from unexpected events. Our offerings include:

Goods in Transit Insurance

This policy provides coverage for the loss, destruction, or damage of goods while in transit by lorry, train, or any other land conveyance. It also extends to goods temporarily housed in the ordinary course of transit within the territorial limits. Coverage options include:

  • All risks of loss or damage while in transit by road or rail.
  • Specific risks such as fire, lightning, bridge collapse, collision, overturning, or derailment.

Logistic & Freight Liability Insurance

Businesses involved in logistics and transportation face significant risks when managing their customers’ goods. This insurance helps mitigate those risks by providing:

  • Protects against losses occurring across different modes of transport.
  • Provides additional coverage for contractual arrangements requiring higher limits or broader protection.
  • A web-based system to facilitate quick quotation and issuing of marine insurance for shippers.

Fine Art & Valuable Goods Insurance

A specialised policy for protecting high-value items such as fine art, collectibles, jewellery, financial instruments, and precious metals. Coverage includes:

  • Protection against physical loss or damage while on premises or in transit.
  • Risk management support with expert assessment and claims services.
  • Suitable for art dealers, galleries, museums, financial institutions, jewellery businesses, and more.

Trade Credit Insurance

Protects businesses from financial losses due to customers failing to meet their payment obligations. This insurance provides:

  • Account receivable protection against insolvency, bankruptcy, or payment defaults.
  • Confidence to expand business operations while managing credit risk.
  • Coverage for both domestic and international trade transactions

Warehousemen & Carrier’s Liability Insurance

Designed for businesses that transport and store goods on behalf of customers, this policy covers:

  • Covers loss or damage to goods in the care, custody, or control of the insured.
  • Protection against legal costs arising from claims.

- FAQ

Frequently Asked Questions

What is Freight Forwarder Liability Insurance

Freight Forwarder Liability Insurance protects freight forwarders against financial losses arising from legal liabilities, cargo damage, delays, and errors in handling shipments.

Who needs Freight Forwarder Liability Insurance

This insurance is essential for freight forwarders, logistics companies, customs brokers, and any business involved in arranging or handling the transport and storage of goods for others.

What does Freight Forwarder Liability Insurance typically covers

It covers liability for loss or damage to goods in transit, shipment delays, contractual obligations, legal defence costs, and errors or omissions made in the course of business.

How does Freight Forwarder Liability Insurance benefit my logistics business?

Freight Forwarder Liability Insurance safeguards your business from unexpected legal and financial claims related to cargo damage, delays, or documentation errors. It not only builds trust with clients but also ensures smoother operations by covering liabilities that could otherwise impact your cash flow and reputation.

Does this insurance cover financial losses due to shipment delays?

Yes, it can cover financial losses resulting from delays, provided the delay leads to a claimable liability under the terms of the insurance and the freight forwarder is proven responsible.

What are the key inclusions in Freight Forwarder Liability Insurance?

Key inclusions in Freight Forwarder Liability Insurance are Goods in Transit Insurance, Legal Liability for goods under care, Errors and Omissions Coverage, and Legal Defence Costs. It also covers Fine Art & Valuable Goods, Trade Credit Protection, and Warehousemen & Carrier’s Liability.

How is the insurance premium calculated

Premiums are based on factors such as the type and volume of goods handled, geographic coverage, annual turnover, risk exposure, claims history, and the level of coverage selected.

Does this insurance cover legal defence costs

Yes, most policies include coverage for legal defense costs arising from claims related to cargo damage, delays, or contractual disputes.

Can small or independent freight forwarders get this insurance?

Absolutely. Insurance plans can be tailored to suit the size and needs of small or independent freight forwarders, ensuring they are adequately protected without overpaying.

How do i file a claim under Freight Forwarder Liability Insurance? - not dne

Contact us as soon as an incident occurs. Prepare related documents like contracts or damage reports, and we’ll guide you through the claims process step by step.

- Real Testimony

People Trust Us - And Here’s Why

Test 01 - The level of professionalism and personalized service we received was exceptional. Their ability to understand our unique financial needs has helped us stay ahead of the competition. We saw considerable growth in our financial stability within just six months.

Client 01 - Vinood

SEO of Charit

Test 02 - The level of professionalism and personalized service we received was exceptional. Their ability to understand our unique financial needs has helped us stay ahead of the competition. We saw considerable growth in our financial stability within just six months.

kumaran

Client 02 - Shalini

SEO of Posh