Carriers Liability covers is a policy that protects your Legal Liability as well as Défense cost and expenses when you transport and store the goods and merchandise in your care, custody or control.
Carriers Liability covers the insured for legal liability for accidental loss of or damage goods in the custody or control of the insured whilst in transit by any means of transport, occurring during the period of insurance and within the territorial limits specified.
This policy is ideal for companies or business men or that transport or hold goods in trust e.g. Warehousemen and Transporter.
What it covers; Legal liability, Defence costs, Expenses for loss and damage arising from actual, physical loss and or damage to property directly caused by fire, damage.
Coverage applies whilst the goods are:
- Temporarily stored in a warehouse you operate in
- On a vehicle in the ordinary course of transit.