Freight forwarder's liability insurance

Freight forwarder's liability insurance is a type of insurance aimed at protecting the freight forwarder from possible financial losses associated with damage or loss of goods during their transportation or from other possible risks in the process of performing their work.

Who can be insured?

Freight forwarders carrying out freight forwarding in the territory of Ukraine or other countries.

Who can insure?

An individual freight forwarder or a legal entity, in which freight forwarders are employed.

What can be insured?

Responsibility of the freight forwarder for the delivery of goods under the terms of international conventions and the Civil Code of Ukraine.

What risks does the policy cover?

  • responsibility for the cargo — liability of the insured for the loss, shortage, damage or spoilage of the cargo during transportation; 
  • responsibility for reimbursement of expenses — the onset of the insured's responsibility for reimbursement of payment for transportation (freight), customs fees and duties, as well as other expenses related to transportation, in connection with the full or partial loss of cargo;
  • liability to third parties — liability of the insured for causing damage to the property of third parties during transportation;
  • liability related to customs procedures — liability of the insured for violation of customs procedures established by customs rules in relation to import, export and transit of goods;
  • contractual liability (liability for personnel errors and omissions) — liability of the insured for non-fulfillment, or improper fulfillment, of contractual obligations, including:
    • delay in cargo delivery;
    • non-fulfillment of the sender's instructions;
    • incorrect drawing up of documents;
    • incorrect forwarding (with reimbursement of costs for forwarding to the correct address).

What is the territory of the Contract?

Ukraine, CIS, Europe, Turkey, Albania, Iceland, North Macedonia, Serbia, Montenegro and other countries of the world.

What is the validity term of the Contract?

More often, from 1 month to 1 year, or any other term agreed with you individually.

Why is it necessary to purchase a freight forwarder's liability insurance policy from IC AXIOMA?

Before you purchase a freight forwarder's liability insurance policy, IC AXIOMA will provide you with a professional consultation in which it will analyze your individual needs and risks that need to be protected and, thanks to these, will select the best insurance coverage for you. In addition, after concluding the policy, IC AXIOMA continues to cooperate with you, providing services related to renewing the policy, changing the terms of coverage, and helping with the consideration of claims in the event of an insurance event. In case of an insurance event, IC AXIOMA will help you submit an application for insurance compensation, and further cooperate with the insurance company to ensure a quick, fair resolution and compensation. All purchased Agreement will be stored in your personal cabinet on the IC AXIOMA website, to which you will have unhindered access 24/7.

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