Freight Forwarders Liability

Freight Forwarders’ Liability Insurance

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Freight Forwarders

In summay Freight Forwarding Services are to include following sectors:
· Ocean freight forwarder / NVOC
· Air freight forwarder / air cargo agent
· Customs Agent
· Road haulier
· In transit warehousing
· Packing / Consolidating

So Many Claims

Getting goods from point A to B usually involves numerous parties in the supply chain. When things go wrong and substantial losses are incurred, who will be held liable?


Any number of parties can instigate legal proceedings:
· The cargo owner - your customer
· Sub-contractors
· Owners or operators of the vessel, aircraft or truck carrying the cargo
· Authorities
· Third parties to whom you owe a duty of care

Claims can be made under a contract, standard terms of trade, ocean bill of lading or airway bill. Additionally, third party claims in tort, bailment and statutory liabilities can catch you unaware. It is even more difficult when a customer brings a claim against you. After all, the success of your business depends on customer relationships.

What risks do we insure?

Freight Forwarders’ Liability Insurance provides full coverages for all sectors of your services, including but not limited to your transportation services, loss or damage to cargo, consequential loss, misdelivery, delay, fines & duties, and off course third party legal liability (see diagram)

Description of Covers

· Cargo liability
Liabilities arising from physical loss or damage to cargo in your care, custody or control, provided that liability arises from an international transport convention or under an approved contract.
· Liability to customers' equipment
Covers liability for loss or damage to your customers' equipment resulting from your legal liability.
· Liability for consequential loss
Covers liability for consequential loss arising from a cargo or equipment claim made against you.
· Liability for misdelivery of cargo
Covers liability in the event of an error or omission.
· Liability for misdirection costs
Covers liability in the event of an error or omission.
· Liability for delays
Covers liability in the event of an error or omission.
· Liability to general average
Covers liability where cargo interests are required to contribute to general average and salvage and which you are unable to recover from your customer.
· Liability for fines & duties
Covers fines etc for unintentional breaches of regulations relating to cargo, immigration, pollution or work safety conditions.
· Third party legal liability
Covers liability for bodily injury or physical loss or damage to third party property resulting from an accident whilst directly performing your insured service.
· Liability for unintended pollution
Covers liability for sudden & accidental pollution & clean up costs.
· Claim & Legal Costs
Covers the costs of defending and mitigating claims made under the policy.

How to Insure?

To have a Quote for Freight Forwaders Liability Insurance is very easy you just need to complete Proposal Form and submit House Bill of Lading or AirWay Bill, and Company Profile for review

For Inquiry, Please contact: +628128079130
or email: imusjab@qbe.co.id

by IMAM MUSJAB at http://ahliasuransi.com/

Source: http://www.qbe.com/