Carriers Cargo Liability Insurance
This product is for small to medium carriers with gross freight earnings up to $5M. If your gross freight earnings over $5M, please see our Carriers Cargo Liability Product for large and multinational business.
Carriers Cargo Liability Insurance protects a carrier who operates using approved consignment notes or other contracts of carriage against their liability, in terms of these contracts, for loss or damage to their customers’ goods or livestock.
This cover is a relatively inexpensive way for the carrier who manages their risk contractually to protect them. Agreed legal costs incurred to defend claims against the carrier are covered.
Zurich’s Carriers Cargo Liability policy also extends to cover delay, loss of market or consequential loss caused solely by loss or damage to the insured goods or livestock. This cover is only limited to the difference between the amount paid for damage to the goods and the limit sum insured, not a small sub-limit.
How to apply
Zurich's Carriers Cargo Liability:
- Is an inexpensive option for risk management
- Has no need to declare number of trips
- Is based on estimated gross freight earnings adjusted annually.