A Guide to Freight Forwarders Insurance in the UK
Introduction
Every year, a significant number of shipping containers is lost during transit. This, coupled with the occurrence of damaged goods upon delivery, has emphasised the importance of insurance in the logistics sector. Let's delve into the world of Freight Insurance and Cargo Insurance – two terms that are often used interchangeably but have distinct differences - which we’ll detail further in this blog.Freight vs cargo insurance: a clarification
- Freight insurance
- Cargo insurance:
Setting up & next steps!
- Freight insurance:
- Error and omissions (£)
- Any one claim covering your liability under BIFA conditions (£)
- Hazardous goods, alcoholic goods, thief attractive goods etc.
- Cargo Insurance:
- Marine cargo
- Open cargo
Transport Channels
Whether it's freight or marine/cargo insurance, both policies are versatile and can be tailored for different modes of transport, be it domestic or international. This includes transportation by land (lorry, rail), air, sea or a combination of these.Overview
For businesses in the supply chain, understanding the differences between cargo and freight insurance is essential. Freight forwarders need to protect themselves from liabilities, while goods owners need to ensure their items' full value is protected. Choosing the right insurance policy can ensure smooth operations and peace of mind for all parties involved. This is where the expertise at Ascend Broking can make the difference. There are additional services that can be discussed as part of your insurance programme, including Employers & Public Liability, Buildings (office/contents) and Motor Fleet, including our haulage products.Additional Services
- Employers & Public Liabilities
- Buildings, office, contents
- Motor Fleet – including our Haulage Products
Other blogs that may be of interest:
Why haulage firms need a personal broker Marine Cargo - 'Ever Given' Suez Canal blockage impact 3 Changes in Transportation in 2023Any questions? Please don’t hesitate to contact one of our team.
Steven.Gillespie@ascendbroking.co.uk| Telephone: 07719 069 267
Recent Posts
Ascend Broking
Ascend Health: Healthcare Defined – Volume One
Ascend Broking
Ascend and Aviva: Combatting Cybercrime Together
Ascend Broking