Carriers Legal Liability Insurance
Carriers Legal Liability Insurance protects carriers and transporters against liabilities arising from the
physical loss, destruction, or damage to goods or merchandise while in transit. This coverage
includes incidents occurring during loading or unloading and while temporarily housed on or off
vehicles in the ordinary course of transit.
Coverage Extensions
This insurance provides extended coverage for losses arising from:
- Damage to cargo directly caused by fire, explosion, or accidents involving the transporting vehicle.
- Carrier's liability for cargo.
- Costs related to cargo salvage, transshipment, and emergency storage.
- Financial losses due to lost freight resulting from damaged cargo.
- Legal and other expenses incurred in lawsuits against claimants.
- Costs of average adjusters.
- Breakage due to improper handling.
- Damage from flood, water, or other cargo.
Tailored Insurance Programs by Punarnava
At Punarnava, we comprehend the risks inherent in the carrier business. We analyse the following parameters to tailor the right insurance program to secure carriers' liability:
- Scrutiny of the carrier's consignment note to ensure proper provisions for mentioning the adequacy of packing, weight of goods, etc.
- Maintenance of logbooks for each vehicle
- Vehicle maintenance and condition.
- Driver skills.
- Previous claim history.
- Evaluation of the fleet of vehicles and area of operation.
- Understanding the nature of goods carried.
With a thorough understanding of these parameters, we craft comprehensive insurance programs to mitigate
risks and ensure peace of mind for carriers and transporters.
