FREIGHT FORWARDERS
LIABILITY
INSURANCE
As today’s freight forwarding and logistics companies continue to expand their reach and responsibilities around the world, risk management and liability insurance are among some of the key considerations for their business operations.
Forwarder’s Liability Insurance
With Freight Forwarder’s Liability Insurance, following risks are covered:
· The physical or financial damage or loss of the third party caused by the freight forwarder
· The damage or loss of the customers caused by the failure of the freight forwarder
· The expenses to reduce the damage
· The expenses to complete the shipment
· The penalties
· The survey expenses
· Custom Fines and Duties
. Liability towards third parties related to legal expenses, mitigation costs, and debris removal
. Uncollected cargo costs