All Risk Insurance
Thank you for shipping with Logistics Group International. We appreciate your business and want to provide the highest quality service at all times. Please be assured that while every effort is made to ensure safe delivery of your goods, sometimes loss and/or damage does occur.
Logistics Group International Role and the Motor Carrier's Liability
While Logistics Group International arranges for the transportation of your goods, by law, it is the motor carrier who bears responsibility for loss of and/or damage to your freight. Many carriers (truckers, airlines, etc.) limit their liability for freight in their care, custody and control. Carrier's Liability for freight moving domestically by truck or rail is usually governed either by the Carmack Amendment or Contracts entered into with specific clients.
While Carmack (as far as liability conventions are concerned) is rather broad, it is still centered on the liability of the carrier. At the heart of the concept of carrier liability is the idea that the carrier is not responsible for paying claims if they did not cause or contribute to the loss.
Increasingly, insurers of trucking companies are limiting coverage by adding exclusions to their policies.
Here is a list of Typical Exclusions that may be found in a Carrier's/Trucker's Liability Policy:
- Acts of God
- Explosion
- Act of Public Enemy
- Derailment
- Vandalism
- Hijacking
- Theft due to infidelity of carrier's employee
- Earthquake
- Water Damage
- Theft from unattended vehicles
- Smoke
- Wind
- Lightning
- Hail
Furthermore, if the receiver of the shipment "signed clean" how will the carrier respond to the claim?
How Can You Protect Yourself?
"All Risk" Shipper's Interest Coverage provides the owner of the cargo with coverage for direct physical loss or damage to the cargo without the need to prove liability. While the exclusions in the Trucker's policy forms will differ, the Shipper's Interest coverage remains constant. Unlike Motor Truck Cargo/Carrier's Liability Insurance, Shipper's Interest insurance provides coverage for the direct physical loss or damage to the cargo, not the Carrier's Liability.
For this reason, Logistics Group International recommends that its
customers purchase Shipper's Interest Cargo Insurance or consult
your business property insurance policy. Your materials may already be covered
under this policy. For your convenience, we offer you the option of purchasing
this important coverage as a part of our package of services. Please take
a moment to review the following information. Should you have any questions
please feel free to contact your Logistics Group International sales representative.
Advantages of Insuring Your Cargo Through Logistics Group International's Policy
- Covered losses are paid without the need to prove carrier negligence
- Worldwide coverage
- No limits on Cargo value coverage
- Insurance Company deals with collecting from the carrier (if possible) once the claim has been paid
- No need to demonstrate where the loss occurred
- Claim payments based on insured value, not weight of pieces missing/damaged or Carrier's limited liability
- Logistics Group International will report and handle claims on your behalf
- Low deductibles
Please call LGI for your All Risk Quote today !!!!!
