Forwarding insurance is a special form of transport insurance. It covers companies that transport goods. The insurance comes into force when damage or loss occurs during transport. This can be, for example, accidents, theft, fire or vandalism.
Forwarding insurance usually covers not only damage to the goods, but also damage to other persons or objects that may be caused by the transport. The insurance thus provides comprehensive protection for the company and its customers
Typical examples of damage for which forwarding insurance is used include the loss of or damage to goods during transport, the theft of goods by third parties or the loss of goods due to natural disasters such as floods or storms. In the event of a loss, forwarding insurance covers the cost of the loss so that the company does not suffer any financial loss. It is important that the company reports the damage to the insurance company immediately and provides all the necessary evidence and documentation.
Companies that transport or ship goods should consider freight forwarding insurance. This is especially true for companies that specialize in transporting high-value or sensitive goods. These include, for example, manufacturers of electronic products, pharmaceutical companies or art and antique transporters. Forwarding insurance is also essential for companies that transport their goods internationally, as the risks here are higher due to different laws and regulations.
In addition, companies wishing to take out forwarding insurance should also carefully select and check their contractors. It is important that the forwarders and transport companies with which the company works are sufficiently insured and have a valid license. Only in this way can the company ensure that, in the event of damage, settlement can actually be made by the insurance company.
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