Carrier’s Liability

Carrier's Liability Insurance covers carriers, such as trucking companies, shipping companies, and individuals who transport goods for others. This insurance protects carriers against potential liabilities and losses that may arise during the transportation of goods. It covers damages to the goods being transported.

Individuals and businesses involved in transporting goods for others are the ones who need to secure Carrier's Liability Insurance. This includes trucking companies, freight forwarders, courier services, and individuals who operate delivery services. Securing this insurance protection is essential to ensure that carriers are financially protected in the event of any unforeseen accidents, damages, or losses during the transportation of goods.

Several key factors need to be considered when determining a carrier's liability insurance premium. These factors may include the type of goods being transported, the value of the goods, the distance of the transportation route, the history of the carrier's safety record, and the coverage limits required. Premiums may vary based on these factors, as carriers with a higher risk profile may be charged a higher premium to reflect the increased potential for claims.