AIG Freight Forwarder Liability Insurance
Scope Of Cover
AIG Freight Forwarder Liability Insurance
Freight Forwarder Liability Insurance (“FFL”) provides covers for you against legal or contractual liability arisen under the Relevant Laws &
Regulations whilst you are in the provision of services under the Relevant Trades in the insured territorial limit including expenses incurred therefor and
other contingencies including but limited to:
– Liability for damage to cargo
– General Average or Salvage contribution
– Liability for Errors & Omissions and Fines & Duty to customs authority
– Liability towards third party and the related:
- Legal expenses / Mitigation cost / Debris removal cost
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– Uncollected cargo Cost
Main Exclusions for Freight Forwarder Liability Insurance
Excluded Properties:
- – Money, coins in any form
- – Livestock, blood stock, living or creatures in any form
- – Precious metals, precious or semi-precious stones
- – Self-propelled vehicles in any form whilst it is moved by its own power or on tow during the course of transit except it is transported as
non-mobilized cargo - – Property owned, hired by, leased, loaned to the Insured
Other Exclusions:
- – Confiscation by Authority
- – Defamation, libel & slander
- – Financial risks
- – Inventory shrinkage, unexplained loss
- – Duty, tax, penalty, fines
- – Loss of life or bodily injury unless otherwise insured (except for insured under third party liability)
- – Guarantee
- – Pollution and contamination
- – Punitive or exemplary damage
- – Reckless or dishonest conduct of the Insured
- – Wrongful release of cargo (except for insured under Errors & Omissions)