the loss or damage to cargo while in their care, custody and control during transportation.
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This insurance provides liability coverage to freight forwarders against the loss or damage to cargo while in their care, custody and control during transportation. The prime purpose of this type of insurance is to provide coverage against liability for loss or damage to cargo during transportation and loss or damage to containers, vehicles or transport equipment of third parties.
The Freight Forwarder’s Policy must be designed to provide clear-cut coverage and specific exclusions. We can specifically design and tailor make the coverage to suit the specific needs of the specific Freight Forwarder, Road Haulage Operator, and Parcel Carrier.
Coverage can be tailored to meet the unique individual needs of our clients
Freight Forwarders Legal Liability Insurance is a type of insurance policy that is designed to protect freight forwarders in the UAE against financial losses resulting from legal liability claims arising from their services. Freight forwarders are intermediaries who arrange for the transportation of goods on behalf of their clients. They may be held liable for loss or damage to the cargo or for any delays or errors in the transportation process.
Freight Forwarders Legal Liability Insurance provides coverage for claims made against freight forwarders for legal liability resulting from their services. This can include claims for loss or damage to cargo, errors or omissions in documentation, and delays in delivery. The policy also covers legal expenses incurred by the freight forwarder in defense of such claims.
This type of insurance is not mandatory in the UAE, but it is highly recommended for freight forwarders who want to protect themselves against unexpected financial losses resulting from legal liability claims. Insurance companies providing this type of coverage in the UAE must be licensed by the Insurance Authority, which regulates the insurance industry in the country.
When selecting an insurance provider for Freight Forwarders Legal Liability Insurance in the UAE, it is essential to choose a reputable company with experience in the freight forwarding industry. Al Buhaira Insurance is one such company that provides comprehensive coverage with competitive premiums and excellent customer service. With Al Buhaira Insurance, freight forwarders in the UAE can operate their business with confidence, knowing they have adequate financial protection against unexpected legal liability claims.
Here are some frequently asked questions about Freight Forwarders Legal Liability Insurance in the UAE:
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