Which insurances are recommended in transport and logistics law?
February 16, 2022 | 50,00 EUR | answered by Konrad Falk
Dear Transport and Freight Law Attorney,
My name is Wanda Keck and I am an independent freight forwarder. In my company, we offer various transportation services, from storage to international shipping. Lately, I have been thinking about which insurances in transport and freight law are recommended for my company.
Currently, we have liability insurance that covers damages to third parties. However, I wonder if this insurance is sufficient to comprehensively protect my company. I am concerned that there could be damages to the transported goods, whether it be due to accidents during transportation or theft.
I am also considering whether it would be advisable to take out a transport insurance that covers damages to the transported goods. I wonder if this insurance also applies to international transports and if it provides sufficient protection for higher value goods.
Furthermore, I have heard about a business liability insurance that also covers damages within the company. I wonder if this insurance is also recommended in transport and freight law and if it provides additional security for my business.
Could you please provide me with an overview of which insurances are recommended in transport and freight law and what aspects I should consider when making a choice? I would appreciate being able to benefit from your expertise and thus best protect my company.
Thank you in advance for your assistance.
Sincerely,
Wanda Keck
Dear Mrs. Keck,
Thank you for your inquiry regarding recommended insurances in transport and forwarding law for your company. As a lawyer specializing in transport and forwarding law, I can provide you with an overview of the different insurance options.
First of all, it is good to hear that you already have liability insurance for your company that covers damages to third parties. This insurance is indeed important as it protects your company from third party claims for damages that may arise, for example, from accidents during transport.
In addition to liability insurance, it is also advisable to take out transport insurance that covers damages to the transported goods. This insurance is particularly important as it protects your company from financial losses due to damages to the transported goods. A good transport insurance generally applies to both national and international transports and provides sufficient protection even for high-value goods.
Furthermore, a business liability insurance may be useful as it also covers damages within your own company. This insurance provides additional protection for your business and can be helpful, for example, in cases of damages to business facilities or damages caused by employees.
When selecting insurances in transport and forwarding law, it is important to ensure that the insurances are tailored to the specific risks and needs of your company. It is advisable to consult with an insurance specialist to ensure that your company is comprehensively covered.
I hope that this information has been helpful to you. If you have any further questions or require a more detailed consultation, I am at your disposal.
Best regards,
Konrad Falk
