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i3 Transportation Liability
Coverage for logistics operators who handle, store and move cargo under contract, law and convention on behalf of third parties as well as for companies who operate freight services by sea, road, air and rail. Liabilities covered may arise out of national law, international convention or contract. The policy provides third party protection to operators with a responsibility and duty of care for the transportation of cargo. First party cargo cover is excluded. Coverage typically includes:
- Cargo liability
- Third party liability
- Liability from authority (Fines and Penalties)
- Errors and omissions
- Unrecoverable general average
- Enhanced liability contracts
- Additional costs including consignee failure to collect cargo, misdirection of cargo costs and fumigation costs
- Unintentional failure to limit liability
Target business would include:
- Air cargo agents
- Consolidators
- Container freight stations operators
- Customs and Forwarding agents
- Global logistics managers
- Multimodal transport operators
- Non-vessel operating common carriers
- Ocean and air freight forwarders
- Road haulers and inland waterway operators - Warehouse operators
- Trade associations
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