Logistic Liability
Logistics service providers like carriers, forwarders, warehouse keepers, stevedores and handling agents can run considerable liability risks. If you are a logistics service provider some of these risks may not always be clear to you or your company. Aon can assist by sharing our knowledge of insurance and offering advice in how to protect your organisation from insoluble financial harm with a customised insurance solution.
In general the level of exposure depends on the activities that are executed, the contents of standard limitation of liability conditions, and the contents of any special contracts. An important factor that can influence the risk you run are arrangements made with your firm's principals. Contracts play an important role in the risk transfer and determine for a large part to what degree one is liable for damage to or loss of the goods that are under your care, custody and control. Knowing what you are getting yourself into can make a significant difference.
Aon Risk Solutions offers innovative insurance products for logistic protection. Traditionally, liability policies do not offer one-stop solutions and just cover for instance professional liability or trailer/ container liability or customs liability. For service providers who are active in logistics this can mean that there can be a substantial overlap or gap between these separate policies. Aon offers one comprehensive policy with the Logistics Protection Policy (i.e. LPP), which includes all legal and contractual liabilities and gives option for the inclusion of custom risks, equipment, cargo and property. Additionally the insurance offers scope for customisation, such as cover for possible contractual liability that is more comprehensive than the usual industry conditions (special contracts).
Would you like to know more about logistic liability insurance or are you interested in getting an offer without engagement? Please contact: Tim Melse, Executive Broking Director, Tim.Melse@aon.nl, +31 (0) 10 448 7768.