Do you afraid of someone can sue against you for negligence which are committed by your drivers or employees, if something went wrong with cargo during transit?

Do you spend a lot of money on settlement of recovery matters with Recovery Agents or Insurance companies?

Do you want a peace of mind so that you can focus on your key business activity?

In the era of cut-throat competition in Transport Industry, it is advisable to have a Carrier's Legal Liability Insurance Policy to protect against liability which can eat carrier's profit, if something went wrong during transit.

This policy provides cover against various types of legal liabilities (contractual as well as non-contractual) arising out of their business operations. The Policy not only protects them against suits and damages awarded by courts but also covers the defense costs incurred by them while contesting such claims of liability damages lodged against them.

What is covered?

This Policy will provide coverage to the Insured under following sections:

Section 1 - Cargo Legal Liability (Contractual Liability) This section covers any legal liability arising from
accidental damage to and/or loss of customer's cargo(es)/goods whilst in care, custody and control of
the Insured under or by Contract, International Convention, Statute or Common Law as Carriers,
Bailees, Freight Forwarders(as Principals or Agents), Agents, Container Operators, Trailer Operators,
Transport Contractors, Shippers.

Excluded properties under section 1 are:

 Goods defined in the international air contract as "Goods not Acceptable"
 Accounts, bills, currency, deeds, evidences of debts, money notes, securities, gold, silver, jewellery or other similar valuables
 Live animals and plants
 Perishables, Frozen and/or Chilled Good, Seedlings and Bulbs
 Blueprints, Drawings, Photos and Goods with difficulty to calculate its value
 Any property other than that being transported and/or handled
 Property while in the hands of other inter-line carriers unless under instructions of the insured. Where the loss is attributed to the negligence, error or omission of the other inter-line carrier acting under the instructions of the Insured, the Insured may not waive its rights of subrogation against that inter-line carrier.
 Storage Property under storage contract unless a special condition of "Warehousemen's Liability Clause" is set forth in the Schedule.

Frequently Asked Questions (FAQ) about Carrier's Legal Liability Insurance

1. What is Carrier's Legal Liability Insurance.?

This is a Comprehensive Liability Insurance which provides protection to the carriers (Transporters/Logistics companies) against         unforeseen risks involved during transit of cargos.

      2. Does this work on all type of Vehicles involved in transportation of Cargos?

Yes.

      3. Does it work against un-insured cargos which I carry?

Yes, it does but we will not recommend this policy for uninsured cargos because to claim under this policy, your party will have to file a suit for claim against you in the Court of Law and if they win and your liability creates than this policy will trigger, by then you can lose your client. Yes, you can use this policy as shield if some notorious party tries to take undue benefits by threatening you to file a false case in the Court of Law against you.

       4. Is there any provision for defense cost if someone dragged me in the court of Law?

Yes, the defense cost is covered under this policy . It means you can make expenses on hiring a good Lawyer and other misc. expenses which are reimbursed by the insurance company.

       6. If there is a loss in the cargos, when I should inform Insurance company?

You need to inform  insurance company by giving the detail of the claim as soon as possible.

        7. What will happen if more claims under this policy reported during policy period?

Like other business, the business of insurance is also run at the principal of  loss and profit. When more claims come, generally insurance company either refuses to renew the policy or increases the premium amount.

        8. What should I do, so that I remain under the shield of Transport Operator's Comprehensive Liability Insurance.?

If more claims come, you can do nothing but on behalf of you, we can sit with the both insurance companies and can make an compromise between them and we will try to get the issue settled with some %, so that their liability can be reduced to a lower level. We can do it as we have a vast experience as a recovery agent and have a very good liaison with almost all insurance companies in India.

       9. Can I purchase this policy with the help of other agents?

Yes, you can but most of agents don't have enough knowledge about claims and recovery procedure and it will be very difficult for them to help you if your matter goes in the Court of Law. On the other hand at AK Insurance Marketing Pvt Ltd. (Brand Name #BimaSathi), we have a vast experience as a Recovery Agent and have been dealing with all types of claims for more than 20 years though our sister concern M/s Active Claims Consultants, hence with the help of our recovery team, legal team and claim team we can handle this portfolio efficiently to the ultimate benefits of our clients logistics companies.

Note: This policy is subject to some exclusions.

We do not required any physical documents from your side. We need only following information to get your insurance done:-

1. Name and address of Carrier with GST No.
2. Turn Over (only fright turn over)
3. AOA (Any One Accident Limit)
4. AOY (Any One Year Accident Limit)
5. Nature of consignment you carry

Please feel free to contact us if you have any query, we will be happy to serve you. I am reachable at 9999682324 or abad@bimasathi.in