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This type of insurance covers damage for which the carriers are held liable by the owner of the transported goods, or their insurer (in the case when there is also cargo insurance), under a road carrier’s liability insurance contract for damage caused to goods in road transport.
The policyholder may negotiate a sum insured of their choice [cover limit], and there is also a legal limit to the carrier’s liability pursuant to domestic legislation and international conventions.
The premium for this insurance depends on the cover limit, number and tonnage of vehicles and whether the cover is valid only in domestic or in both domestic and international transport.
The policy does not cover road carrier’s liability for damage to any shipments owned by the carrier.
Marine Recruitment Agents Professional Indemnity Insurance
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