Carriers are legally liable to cargo owners for loss of or damage to goods during transit. A single accident or theft can lead to large compensation claims that strain your cash flow. Carrier Liability Insurance takes on this legal liability under the terms of the policy.
The product is for domestic haulage and logistics companies and for businesses carrying other parties' goods with their own vehicles, and it is usually arranged under the Truck Clause. Loading, transhipment and unloading risks and certain theft cases can be added by endorsement; we work out with you which additions your business needs.
What is covered?
- The carrier's legal liability towards the cargo in domestic transport
- Compensation claims for loss of or damage to the cargo during transit
- Risks defined under the Truck Clause
- Damage during loading, transhipment and unloading (by endorsement)
- Theft involving forced entry or threats (by endorsement)
What you should know
Carrier Liability Insurance is a Corpus Sigorta product; you can get a quote through our agency.
According to Corpus's product information, theft from an unattended vehicle, dishonesty of the driver and wetting damage are excluded. For theft cover, overnight stops must be made in a secure car park.
This insurance protects the carrier. Cargo owners need separate Cargo Transit Insurance to protect their own goods.
Frequently asked questions
It is a policy condition used in road carrier liability policies that defines which risks are covered. We go through the details on the policy with you at the quote stage.
Theft cover is added by endorsement and applies to theft involving forced entry or threats. Theft from an unattended vehicle is excluded, and overnight stops must be made in a secure car park.
The information on this page is for general guidance and does not replace policy wording. Scope of cover, limits, deductibles and exclusions are determined by the general and special conditions of the insurer you choose.