Freight Forwarders Insurance
- Freight Forwarders Liability
- Errors and Omissions
- Marine Cargo
As a freight forwarder, you undertake and organise the safe, efficient movement of goods on behalf of an exporter, importer or another company or person, using the best appropriate means of transport, for example shipping lines, airlines, hauliers and rail freight operators.
Invariably this is done within the ambit of your trading conditions, most commonly BIFA Conditions. Your liability policy is designed to provide you with cover, subject to certain terms and conditions, up to the limits of liability outlined within your trading conditions, or by international convention or as otherwise agreed, where appropriate.
The main conventions affecting international trade to and from the UK are:
- Hague-Visby Rules: sea transport.
- CMR Conventions: road transport.
- Warsaw Convention: air transport.
The implementation of the limits of liability applicable under your trading conditions could mean that a claim made by a customer for loss or damage to their goods is not met in full, and they could suffer a financial loss unless they have in place their own marine cargo insurance.
It is therefore essential that your customers are informed and are aware of your trading conditions, before the movement of their goods, to avoid damaging disputes and exposure to liabilities in excess of the cover provided within your policy.
This also provides you with an opportunity of offering marine cargo insurance to your customers, and in conjunction with our underwriting partners we can set up an online facility giving you the ability to easily arrange immediate cover at previously agreed rates, and issue insurance certificates.
For further details of the Marine Cargo insurance products please click here.
Errors and Omissions
Freight forwarders are exposed to a minefield of various shipping terms and conditions and customs requirements, and with the huge quantity of paperwork to handle, mistakes can happen with potentially unfortunate financial consequences. For your peace of mind you can extend your policy to protect you from any claims which may be made against you arising from any breach of duty, negligent act, error or omission such as incorrect instructions, faulty arrangements or clerical errors or omissions.
As well as having access to most leading UK transit insurers, we have our own policy wording, providing wide cover at very competitive rates. We also have an agreement with one of our underwriting partners, to exclude from turnover figures any fuel surcharges in order to more truly reflect the exposure to insurers.
ardner © 2011