Freight Forwarder Liability Insurance

The everyday transport of goods is fraught with far-reaching liability risks for freight forwarders, carriers, and warehouse keepers. Based on the liability provisions provided by law and those found in the transport agreement, businesses may be held liable for damaged or lost cargo. The same applies to financial damages which are incurred by a customer, for example as a result of delayed delivery. The service provider is also liable for these damages depending on the applicable basis for liability, irrespective of their fault. If a customer makes a claim with regard to damage to goods being transported, the service provider (freight forwarder, carrier, warehouse keeper) must clarify if it must compensate for the loss. This is often difficult without knowledge of the law in the case of transport using different means of transport.