insurance for freight forwarders

Simon has 14 years of environmental insurance experience in Europe, Africa and South America. As environmental manager for XL Catlin's i ...

With a background in chemical engineering and nearly 20 years of insurance ... -Global Cargo ($150mm capacity) -Project Cargo ($200mm capacity) - Hull and Marine Liability - Worldwide Inland Marine - Motor Truck Cargo - Rolling Stock Trip Transit Spec.

. As Senior Underwriter for large corporates in Switzerland, I help deliver the best liability insurance solutions to meet the specific de ... Paul is both a licensed pilot and our Chief Underwriting Officer for Global Aerospace.

.. 1) Do ensure that your customer understands the marine insurance being provided, the scope and limits of its coverage and its exclusions. With nearly 20 years of insurance industry experience, Matt leads a team devoted to helping our clients recover from pollution incidents ...

Supporting Workers Compensation Program (Delegated Authority) - North America. Suggest an improvement or addition to the Insurance and Risk Management Glossary. This policy is for those involved in carrying, storing, or facilitating the movement of third party goods by insuring them for their legal responsibility car insurance when buying a car. If they are deemed liable under a contractual agreement for physical loss of or damage to a consignment, the policy would protect this.

Rich leads our North America ocean and inland marine business, drawing on both a naval career and extensive experience in marine insuran ... I’ve been in the (re)insurance industry for more than 25 years. So I have a keen understanding of the markets and can assess the g ..
RIBS NY LLC has the expertise to assist you in placing your customer's homeowners coverage . We look forward to working with you on your next account. As a recognized expert in the marine liability market who has worked as both a broker and an underwriter, James is sensitive to the pres ..

From operational activities to contractual, transactional and reputational exposures. Philip works with his clients to help them manage. -Global Cargo ($150mm capacity) -Project Cargo ($200mm capacity) - Hull and Marine Liability - Worldwide Inland Marine - Motor Truck Cargo - Rolling Stock Trip Transit Spec..

insurance for freight forwarders business

4) Do not give advise in areas outside your expertise – if the transaction is particularly complex, encourage the client to seek the advice of its own insurance broker or risk management personnel. Premier Provider of Innovative Insurance and Surety Solutions. As a freight forwarder, you serve as the intermediary between your clients and various transportation services. You send products from one destination to another, which often can involve many carriers (air freighters, trucking companies, rail, and ocean liners) and a laundry list of requirements and regulations throughout the entire process. Clients depend on your experience and expertise to arrange for custom clearance when crossing frontiers, negotiate the best routes and deals, arrange for proper packaging of goods, and to handle all the daunting details and documentation that come with transporting product. Well-ordered and accurate documents are essential for freight forwarders and are required for a successful export order and receipt of payment for delivery.

You also guarantee that the products will get to the destination as per the agreement and in good condition. If uses cookies to make the web site work as good as possible . If you continue to use the site, you accept our usage of cookies. Professional Indemnity Liability (including customs liability, fines and penalties) wages protection insurance. A freight forwarder was hired to make arrangements to ship a cheese product overseas, including the packing of the container. The instructions from the shipper included the temperature the cheese product needed to remain at in order to avoid spoilage. The cheese product was not packed in a reefer container and was spoiled when delivered to the consignee overseas.

The freight forwarder’s CTL program with First Dollar Defense covered the cost of the claim minus the deductible and also covered the legal fees. Truckers-Named Freight Forwarder as Insured (including cargo). Similar to other professions, Freight Forwarders are responsible to their customers for the services and the advice they provide. In the event of physical loss or damage to cargo, or resultant financial loss suffered by the cargo owner, the freight forwarder will be required to defend their liability and under certain circumstances reimburse the cargo owner for their loss.

insurance for freight forwarding companies

Odds are, the longer you are in business, the greater the likelihood there will be an error made by you or your staff that will cost you money. Home About us Our Solutions Your Library Careers E-Insurance Global Contacts. “We have been working with DSP for many years and they continue to provide the highest level of customer service and responsiveness. The support staff is extremely knowledgeable and has always been able to explain coverages so that we can understand them. We are so comfortable with DSP that we have transferred all of our insurance business to them!” by Theresa Milne / Pro Nurse LLC  View more testimonials.

.. The fact is that in many cases, these errors will result in lawsuits costing many thousands of dollars to defend and resolve leading life insurance companies. - This insurance covers the legal liability of the insured under their own bills of lading, while acting as an. © 2000-2016 International Risk Management Institute, Inc. (IRMI).

Recent DOL Guidance Spotlights Joint Employer Issue, Misclassification of Employees . This policy is for those involved in carrying, storing, or facilitating the movement of third party goods by insuring them for their legal responsibility. If they are deemed liable under a contractual agreement for physical loss of or damage to a consignment, the policy would protect this. Contingent Cargo & Contingent Auto Liability (Domestic Property Brokers). If uses cookies to make the web site work as good as possible. If you continue to use the site, you accept our usage of cookies. Hired and Non-Owned Auto Liability.  Some examples of exposures would be an auto rental on a business trip or an employee using their car on forwarder business. updated automatically, so please use the documents as an information only insurance for freight forwarding companies.

Freight forwarders are exposed to a broad variety of liabilities in respect of the services they provide to their customers suncorp metway insurance limited. Different liabilities are applicable for transit by sea, air, road or rail. This program is intended for Intermodel Containerized Freight Haulers, Point to Point Truckers, General Trucking Risks Hauling Eligible Commodities. BMC 84 bonds for freight brokers.

$75,000 bond for the FMCSA. Easy online application and fast decisions. At Avalon, your coverage expands with you e and i insurance. Our Business Insurance program covers the additional exposures undertaken by Certified Cargo Screening Facilities (CCSFs). Beyond Property & Casualty coverage, we offer Workers’ Compensation, Umbrella, Commercial Auto and Executive Protection.

cargo insurance for freight forwarders

Unlike the new agencies entering the market in this area, Global is proud that we’ve been a. so you may fully serve your clients' needs while remaining truly competitive. Loading Dock Safety and Preventing Employee Slip & Fall Injuries. Errors & Omissions Insurance was created to cover this type of situation.

Our Business Insurance program covers the additional exposures undertaken by Certified Cargo Screening Facilities (CCSFs). Beyond Property & Casualty coverage, we offer Workers’ Compensation, Umbrella, Commercial Auto and Executive Protection. Name Phone Email What type of coverage would you like quoted? What are your Gross Freight Receipts for Current Year What are your Gross Freight Receipts for Previous Year What Authorities do you have? How long have you been in Business?. No one likes claims, but click on the link below for instructions, sample forms and letters to help make your claims filing process easier bolt insurance. Global knows that where your business is concerned, it is best to.

You should review your actual insurance needs with your insurance agent or broker and your insurer. ForeFront Portfolio - Not-for-Profit Orgs- Employment Practices Liability Insurance. ForeFront Portfolio for Not-for-Profit Educational Institutions cargo insurance for freight forwarders. Contingent Cargo insurance provides coverage which will indemnify and defend a load broker/transportation broker for your customer’s loss or damage to cargo where there is an allegation of liability for your choice of carrier or for your perceived failure to carry out your due diligence in ensuring that the carrier has adequate insurance coverage.

The Contingent Cargo Liability policy will provide investigation, defense and indemnity for the claim (always provided it is a covered loss). 22. Does Chubb have the capability to provide domestic transit and foreign transit coverages on a worldwide basis on both an admitted and non-admitted basis?. Crowley Unsuccessful in Bid for Alyeska Marine Services Contract. 20.

marine insurance for freight forwarders

Crowley Reaches Milestone with Setting of LNG Engine in New Ship. FP Marine Risks & Risk Exchange to Create Asia’s Foremost Marine Insurance Broker. We have multiple Contingent Cargo carriers available teenage car insurance prices. Loss Payee endorsement available on select contingent cargo program. Most aggressive prices In the industry. Other Fre.

. Business area Industrial Full service provider Claims handling services Risk management services Online services About If Login Captive services. The freight forwarder is neither responsible nor liable for losses or damage to your cargo. Prompt notification is made to third parties and to insurers (see the separate text on notification of claims) .

If is not responsible for the correctness of the laws and rules issued on these pages either is If responsible for losses referring to the documents on this site. As an associate member of the British International Freight Association and part of their Legal and Insurance Policy Group, we work closely with clients to provide best advice in accordance with their Terms of Business or Purchase (Incoterms). Crowley Awards Scholarships to Four SUNY Maritime College Cadets liability insurance for roofers. By becoming a trade member you can link your company to the pursuit of excellence and quality in the transport and logistics sector.

Drafting of an individual insurance solution with an optimal price/performance ratio using Aon’s market knowledge and purchasing power. • Never agree to release containers or cargo without the production of the original Bill of Lading, no matter how well you know your customer or how long you have done business with them marine insurance for freight forwarders. It is often said that “ an insurer stands behind his insured, not in front ”. That means:.

Carriers and freight forwarders need liability insurance indemnity . Subject to certain conditions, the insurer agrees to his insured for loss and/or liability. The word “indemnify” is used here to mean that the insurers will make good a loss that a person suffers on account of an act or default of:. Although sellers and buyers can agree to different components, coverage is usually placed at 110 percent of the CIF (cost, insurance, freight) or CIP (carriage and insurance paid to) value. The fact is that in many cases, these errors will result in lawsuits costing many thousands of dollars to defend and resolve . - This insurance covers the legal liability of the insured under their own bills of lading, while acting as an.