Скачать или смотреть The Importance of Professional Liability for Freight Forwarders

Serving as the middle-man between their clients and various transportation services, freight forwarders are in a unique niche. They act on behalf of importers, exporters, and other companies or persons to organize safe, efficient, and cost-effective transportation of goods. With these comprehensive responsibilities, they naturally face many unique risks.

In addition to making sure they are protected with marine liability insurance, with adequate limits to provide for overseas trades, freight forwarders need coverages such as general liability and property insurance. An equally important coverage they should carry is Professional Liability for Freight Forwarders.

The customers that freight forwarders serve rely on their experience and expertise to arrange for custom clearance when crossing territories, negotiate the best routes and rates, arrange for proper packaging of goods, and to handle all the intricate details and documentation that comes with transporting products. Appropriately ordered and accurate documents are vital for freight forwarders, and are required for a successful export order and receipt of payment.

The fact of the matter is, something can go wrong in any type of business. However, considering the many things that a freight forwarder is responsible for, they may be more vulnerable than most other industries. They could have incomplete shipping documents, improperly labeled or packaged items, misdirected freight, non-receipt of payment, or many other issues. Even if the mistake was unintentional, a freight forwarder could still be held liable, especially if their customer is claiming neglect.

At ELM, we understand the importance of Professional Liability for Freight Forwarders as well as a number of other professions. When your clients purchase Professional Liability Insurance, they are buying more than an insurance company’s promise to pay a claim. They are purchasing security and peace of mind. Please contact us today to learn more at (888) 330-0696.

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