Freight forwarder's liability insurance
Cover for liability under NSAB regulations.Cover for forwarders
Forwarder’s insurance covers material damages or financial loss for which your company is liable under the General Conditions of the Nordic Association of Freight Forwarders (NSAB).
Suitable insurance for your company
We will customise the insurance for your needs and cover possible liability as a cargo carrier with road transport liability insurance, for example.
Professionals at your assistance
After we have determined the appropriate level of freight forwarder’s cover for your company, you are free to focus on your business even in the event of a loss.
Forwarder’s liability insurance
Forwarder’s liability insurance is suitable for businesses engaged in freight forwarding, transport and storage operations. A freight forwarder’s contract may include various duties related to goods transport, such as:
- transport, storage, loading, unloading of cargo and customs clearance
- assisting the client in the preparation of export and customs documents
- advice on issues related to transport and distribution.
The forwarder’s liability for damages is based on the contract signed with the client. Forwarder’s insurance covers liability for damages under the NSAB regulations.
Although NSAB regulations limit the forwarder’s liability in both scope and extent, the amount of damages may still be considerably high in the event of a loss. If you are engaged in forwarding operations, it is essential that you have valid liability insurance that covers damages to handled goods.
What is covered by freight forwarder’s liability insurance?
Freight forwarder's liability insurance covers
- material damages and financial losses for which your company is liable,
- additional costs incurred by sending goods to the wrong destination
- loss prevention and mitigation costs, and
- possible legal expenses.
If a loss occurs, your business could suffer significant detriment if it is found liable to pay damages and to be responsible for investigating various liability and indemnity issues. We will determine your company’s liability on your behalf and negotiate with the claimant. We will appear in court and pay the legal expenses if the claim for damages leads to legal proceedings.
Stevedoring insurance for companies engaged in stevedoring operations
If you are engaged in stevedoring operations at ports, airports or other enclosed areas, you can cover your company’s liability with stevedoring insurance. Stevedoring insurance covers material damages and losses due to delays for which your company is liable under contract. Stevedoring insurance also covers loss prevention costs and legal expenses.
Leave your contact details using the button below to receive an insurance quote. Our experts at Pohjola Insurance have extensive understanding of the sector and can provide more information on the content and prices of insurance policies. After receiving your request for a quote, we will get in touch with you to determine the best insurance solutions for your company!