Carrier’s and freight forwarder’s liability insurance

ENERGOGARANT is one of a few insurance carriers on the Russian market to offer carriers’ and freight forwarders’ liability insurance.

Cargo insurance

Why do You need an insurance policy?

This coverage allows our customers not only to avoid financial ruin from potential claims, but to maintain healthy, positive client relationships in any challenging situation, enhance financial stability and competitiveness and get regular orders from major clients both in Russia and abroad.

This coverage protects against losses from third party claims, claims made by clients or recourse actions taken by insurance company.

What is covered under an insurance policy?

Your insurance policy can include the following coverages:

liability for physical loss of or damage to customers’ goods
liability for damage to proprietary interests of cargo owner due to:
- delay in delivery of the goods
- unintentional mis-delivery of customers’ goods contrary to the instructions
- delivery of the customers’ goods to the wrong destination
- carriage charges
liability for bodily injury, death or property damage to third parties caused by goods or container
liability for customs duties, fees and other charges payable to the customs, sanitary and other authorities in accordance with customs and sanitary laws
container and transportation equipment coverage
salvage charges, loss minimization costs, defence costs, etc.

What are the features of an insurance policy?

Our policy provides protection against any physical loss or damage to customers’ goods during transit from any cause whatsoever (other than those specifically excluded), regardless of whether the policyholder or his representatives are responsible for the loss or damage.

This means that the carrier / freight forwarder will be protected against:

any accident to the carrying conveyance during the transit from any cause whatsoever
burglary, robbery, brigandage
fire
cargo damage while in the custody of the carrier / freight forwarder

The coverage attaches from the moment the goods are loaded onto the carrying conveyance and terminates on delivery to the consignee at the agreed destination.

This insurance provides reliable coverage for all types of goods in transit, worldwide, throughout the year.

Under our freight forwarder’s liability insurance policy goods can also be insured while being loaded, unloaded, handled at an agreed storage place or while being in intermediate storage during the ordinary course of transit.

You can make changes to Your policy at any point during Your period of cover such as:

changes in carrier fleet
changes in character of goods entrusted for transportation
changes in territorial limits
changes in risks, limits and sum insured

If you have any questions about insurance, please contact us

What factors determine Your insurance premium?

The factors that may affect carrier insurance premium are:

type of cargo
percentage share of dangerous goods delivery (if any) of the total cargo volume
number of means of transport covered by an insurance policy
number and type of semi-trailers
required liability limits per occurrence per risk
policy sum insured
deductible per risk
loss history for the past 3 years
your experience in the field of transportation

The factors that may affect freight forwarder insurance premium are:

type of cargo
percentage share of dangerous goods delivery (if any) of the total cargo volume
annual cargo volume broken down by mode of transport
annual gross freight income broken down by mode of transport and warehousing services
loading and unloading operations and their methods
required liability limits per occurrence per risk
policy sum insured
deductible per risk
loss history for the past 3 years
your experience in the field of freight forwarding and transportation
availability of liability insurance of subcontractors involved in transport operation

Benefits of insurance with ENERGOGARANT:

Our policy provides protection against any physical loss or damage to customers’ goods during transit from any cause whatsoever (other than those specifically excluded), regardless of whether the policyholder or his representatives are responsible for the loss or damage.
Before placing the risk, we carry out risk assessments on all aspects of the customer’s transportation process based on which we develop cost-effective and responsive insurance programs tailored to the risk profile and transportation geography of each customer and type of customer’s goods.
We strive to understand, anticipate and complete the needs of our customers and prevent their problems before they start, that is why we take an “open dialogue approach” with our customers.
We put the people we serve at the heart of everything we do, creating strong and balanced relationships. We have a dedicated carrier’s / freight forwarder’s liability claims team that is committed to helping our customers receive the best possible outcome and prompt settlement for their claims and professional recommendations on ways to minimize risks and potential losses.
We value our customers' reputation as much as our own. We are interested in building long-term relations with our customers.

Updated: 28.05.2019