The Freight Forwarder Liability
(FFL) Insurance is a liability insurance that covers the responsibilities
arising from bill of lading contracts for national and international
transportation and storage companies engaged in transportation, transport, storage,
or other related activities. The responsibilities are covered within the
conditions and limits specified in the policy.
Today, Freight Forwarder
companies, which have the main supplier status in the logistics sector, are the
first parties responsible for all justified or unjustified claims against them
due to damages that may occur during land, sea, air, railway transportation and
storage operations, either due to contracts they signed or international
conventions they have to follow.
With a flexible policy, Freight
Forwarder companies can obtain coverage and premium according to their
operational structure and needs. Thus, they can protect themselves against
unnecessary coverage and premium.
The subjects of coverage in
Freight Forwarder Liability (FFL) Insurance include many topics such as
transportation resulting in a bill of lading, transfer storage, commercial
storage activities for profit, transit transportation, flammable/combustible
products, and sending the cargo to the wrong place, continuing to its intended
destination.
All Freight Forwarder companies
that do not have Freight Forwarder Liability (FFL) Insurance are exposed in
case of cargo damage or all damages that may arise from the delivery of the
cargo to the wrong place. Freight Forwarder Liability (FFL) Insurance also
fulfills justified compensation claims within the scope of the policy
conditions and protects the insured against unjust claims.