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Freight Forwarders’ Liability
Freight forwarders are indispensable in the logistics supply chain. As well as transporting goods to and from specified locations, freight-forwarding includes booking the movement of goods, storage and customs clearance activity. They have liability exposures for any claims for loss or damage to goods while in their care, though liability can be limited by applying the Standard Trading Conditions. Freight Forwarder’s Liability insurance covers the liability for damage or loss of cargo, damage or loss of third party property, death, bodily injury or illness of any third party caused by the transported cargo, the fines resulting from breaching import or export regulations etc.
We handle Freight Legal Liability including Errors & Omissions which can include:
・Freight Forwarder's Legal Liability
・NVOCC legal liability
・Consequential Loss ・Warehouse legal liability
Each of these coverages protects you for a specific operation you perform. The policy pays for damages for which
you are found to be legally liable and defense costs of claims made against you, whether or not you are liable. The costs of defense can and do far outweigh the damage payments in many liability cases.
We also provide services to review your Standard Trading Conditions, which is a contract base with your customers. |