Freight Forwarder Liability

Marine Cargo Claims for Lost or Damaged Goods

Problems do occur from time to time when shipping goods over vast waterways, and it is the freight forwarder that often must assume responsibility for cargo lost or damaged. In this industry it’s important for shipping companies to carry sufficient marine cargo insurance in the event that a problem arises and the clients file marine cargo claims to be properly compensated for their loss.

If proper care is taken during the transportation of clients’ freight a shipper can often mitigate the risk of any financial loss to those goods within the supply chain. Thankfully a marine cargo policy provides coverage for goods when they go missing, or if circumstances exist and they end up badly damaged. This applies to both domestic and international transit.

Cargo insurance purchased from an agency is written to protect goods shipped by sea, air, truck, or rail. Since merchandise often goes to several locations prior to reaching its final destination this can include coverage throughout the distribution supply chain, including warehouses and storage facilities. Goods may also be insured under an open cargo policy.

Issues resulting in lost or damaged cargo

Regardless of how well the cargo is secured or tied off it can still end up tossed and damage due to rough seas or roadways. Shipments can become damaged from any number of incidents, such as rough handling, over-stacking, collisions, and overturning of trucks or vessels.

Theft can occur, especially when shipment is not under guard, as well as mistaken delivery or non-delivery, or in some instances it could end up jettisoned (the act of casting goods from a vessel or aircraft to lighten or stabilize it).

It’s important that someone notifies the claims agent, perhaps a broker or the client, and documents the condition of the cargo upon delivery. If only part of the shipment experiences damage then separate the damaged goods from that in good condition. A surveyor can be called upon to further determine any financial compensation for any loss that has occurred.

Client should be advised to file notice against anyone that they deem responsible for the loss, retaining all copies of shipping documents during the marine cargo claims procedure until a satisfactory resolution has been met.

Grocer Store Insurance and Commonly Experienced Hazards

As a grocery store owner you’re likely to see some type of accident occurring on a daily basis. This is because food items are often stacked high on shelves and this can lead to items falling with the possibility of injuring an employee or a patron. While employees are covered under workers comp insurance you’re going to need Grocer store insurance that deals with injuries to customers as well as other liability concerns.

Common causes of injury to customers aren’t limited to items falling from up on high shelves, and includes slipping on wet floors or having run-ins with carts and other people while shopping. The list of possible hazards, while not too extreme in numbers, should be examined, with safety instructions on stacking and immediate clean up of spills duly enforced. One serious injury could be quite costly, which further illustrates the need for having the right coverage in place, but educating employees is equally important in order to promote proper safety at all times.

Head and body injuries from falling objects can also be serious, especially those involving older patrons, including retail displays, items that are difficult to reach, and other shopping-related mishaps. Shopping cart injuries are often due to ramming carts together (sometimes hands suffer injury as a result of this) or due to a cart tipping over onto its side.

Overcrowding is another source of concern when too many people crowd into a particular section of the store, which may result in trampling, or other serious injuries, and even outside of the store in the parking lot injuries can result from cracks in the pavement or insufficient lighting at night, which can result in injuries from a slew of different incidents.

Failing to fix or restore lighting, uneven pavement, and not being diligent about ensuring that displays do not pose a threat of physical harm puts you at risk for a possible lawsuit. Having a Grocer store insurance policy provides you with coverage for when accidents happen, as they eventually will at some point in time.

Don’t Skimp on Liability Protection for Freight Forwarders

“Penny wise and pound foolish” is an old phrase that means one is careful with small amounts of money, but wasteful with large sums. A good example of this is attempting to save money by not going to the doctor for regular checkups, only to have to pay thousands of dollars later on to cure an illness that could have been resolved easily if it had been addressed sooner. The idea is the same when it comes to freight forward liability coverage, too–simply going for the cheapest policy could leave you out in the cold and your business facing major financial hardship in the event of an incident involving loss of another party’s merchandise that triggers a claim.

What to consider for real protection

Freight forwarders are contractually liable for loss, regardless of who is responsible for causing the loss. For this reason, it is critical to ensure that you have coverage for errors and omissions and legal liability associated with this risk.

The cost of legal defense can be quite expensive. Even if you are not at fault, the expense of defending yourself for an action that is brought against your firm, not to mention the huge amount of time that such cases can take to settle, can be so great that they can cripple your operations. Purchasing coverage that includes coverage for legal defense is an important part of the protective web around your company, on either a “first dollar” or “ground-up” basis which will release you from the obligation of having to pay a deductible or excess for the claim.

Liability exposures extend to many areas, and some companies fall short of protecting themselves by limiting their coverage for their house bills of lading. So if your business includes warehousing, distribution, Make sure you purchase complete coverage for all of your forwarding operations. In fact, not that many insurers offer coverage that includes every sort of protection that is either required or needed for your kind of business. That’s why it’s important to work with a professional insurance agent who can guide you in selecting a comprehensive combination of freight forwarder liability insurance, in the right amounts, for consummate protection. Plus, your agent can secure coverage from a top-rated provider at premiums that are competitively priced. Talk to your agent today to learn more.