CredRisk Marine Blog

When it comes to cargo transportation, liability insurance is for professionals or companies that transport third party goods and merchandise.

In the case of accident or damage to merchandise during transit, Liability insurance protects the carrier against compensatory damages payable to the cargo owner.

How it works in practice: the carrier contracts liability insurance for its mode of transportation (for instance, road), and in the event of loss (damage to third parties, in this case, the owner of the merchandise), the insurer pays the indemnity to the shipper.

We point out that all owners of motor-driven means of transportation (land, sea and air) are obliged to contract Liability insurance. To find out which is the ideal form of liability insurance for you, consult CredRisk Marine, specialized in cargo transportation and liability insurance for road, sea and air modes. Get a quotation!