Freight Forwarder Liability Insurance

The logistics industry is a highly mature market in Hong Kong. Freight forwarders use various operating models and scales, ranging from local to multinational air, sea or land transportation, go-down, container depot or quay operation, plus much more.

While operators are pumping in resources and attention to develop their business, they are at the same time exposed to numerous risks embedded specifically in their trade. Risk exposures include damage to third party property or cargo, fines, penalties, and omissions, which may erode any reward one may have accomplished.

To mitigate such risks, Grand Trust Underwriters, together with AIG Insurance Hong Kong Limited (“AIG”), provides several Freight Forwarder Liability Insurance policy options to accommodate your individual requirements. Each one is a total solution with the objective to afford the industry to continue to grow in a worry-free operational environment.

Freight Forwarder Liability Insurance covers liability for client cargo, injury, any possible errors, breach of regulations, equipment issues, and other risks. The policy can include multiple extra covers depending on your specific liability exposures, so you’re completely covered.

Risk Exposures

• Liability for loss of or damage to cargo
• Liability for errors and omissions, plus fines and duty to customs authority
• Liability to loss of or damage to third party property and bodily injuries

Applicable International Conventions

• Sea Freight: Examples, Hague Rules / Hague Visby Rules
• Air Freight: Examples, Montreal Convention / Warsaw Convention