Freight Forwarder’s Liability Insurance

A freight forwarder, in the course of their business, may be liable for compensation due to the loss or damage of a shipment—but that’s not all! A forwarder may also be held responsible even when the shipment itself is not damaged, but the client incurs losses due to improper execution of the forwarding contract. The subject of Freight Forwarder’s Liability Insurance is the civil liability borne by the forwarder for non-performance or improper performance of the forwarding contract. This insurance ensures that the insurer covers the resulting damages in such cases.

A good Freight Forwarder’s Liability Insurance policy guarantees full protection of the forwarder’s interests in the event of claims being made against them. This ensures certainty and security in their business operations.

Freight Forwarder’s Liability Insurance is a way to mitigate the negative impacts associated with running a forwarding business.