What it is:

Freight Forwarders Legal Liability insurance, or Cargo Liability/E&O insurance provides coverage to a Freight Forwarder or Load Broker for their liability for physical loss of or damage to customers’ cargo and for their consequential loss resulting from such loss or damage. Errors and Omissions insurance covers liability for financial loss incurred by the customer due to the forwarder or carrier’s failure to perform as per contractual obligations.

Why we have it:

Because of the many different types of products and modes of transport a freight forwarder may handle over the course of a year, insurance is not purchased on a yearly contract but by each individual shipment depending on value and shipping mode. Carriers have cargo insurance although the coverage varies greatly between the different modes of transport, we are able to add full value insurance for any shipment if the carriers base insurance doesn't meet your requirements.