Cargo Liability Insurance for Freight Forwarders

In its simplest form, cargo liability insurance is designed to protect logistics companies (commonly referred to as freight forwarders), who store, carry or co-ordinate cargo throughout the transit lifecycle from claims made by customers and third parties for lost or damaged cargo. It’s a complicated subject and it involves meticulous risk assessment. Firstly, what is a freight forwarder? A text book definition would be: “a multi-function agent/operator who handles the movement of goods from one point to another, on behalf of the cargo owner”. Their main role is to ensure that cargo is picked up from the shipper and delivered to the receiver at the required place, at the right price and in the same condition that it was picked up in, using the most suitable resources and routing possible. Have you ever thought about how your online shopping gets delivered to your door? Or how stock reaches the shops in your local shopping centre? It was most likely down to a freight forwarder organising it all — not all heroes wear capes! <a href="https://medium.com/markelmarine/cargo-liability-insurance-for-freight-forwarders-2b64e41629eb">Website</a>