Liability Insurance

Purpose

This insurance provides coverage for: 

• Contractual and Professional Liability according to law, convention and/or contractual terms
• Extra-Contractual Liabilities towards third parties
• Errors and omissions
• General average and salvage guarantees and contributions
• Consequential losses
• Legal Costs and Defence Expenses

Why an insurance?                  

Service Providers are exposed to a number of liabilities during their logistic or transportation activities, which can have far-reaching financial consequences.  Hereafter a few examples:

• Liability for loss or damage to goods under their custody, including liability for consequential loss originating therefrom
• Costs related to misdirected freight
• Costs incurred in connection with salvaging, clearing, destroying third party property
• Liability for detention or demurrage charges originating from errors or omissions in instructions
• Liability for pollution resulting from a sudden uncertain occurrence
• Liability for loss, damage or costs from errors or omissions of subcontractors acting for the service provider

Our solution                          

Considering the activities of the Service Provider we will work out a comprehensive tailor-made insurance policy, covering:

• The Contractual and Professional liability originating from his activities, which will include when necessary:  liability for damage or loss to entrusted goods , CMR liability, customs duties and fines, errors and omissions, subcontractors liability.
• The Extra-Contractual liability for damage, loss and costs caused to third parties
• Consequential losses
• Legal Costs and Defence Expenses