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Damaged and lost items can unfortunately be a common problem when shipping freight.
Carrier's liability insurance covers the carrier of the goods for their legal responsibilities due to loss or damage during transit and while cargo is in their care.
Marine carrier's liability is a complex area governed in New Zealand by the Contract and Commercial Law Act 2017. The Act relates to contracts between shipper and contracting carrier, as well as to contracts between contracting carriers and their sub-contractors.
Freight forwarders and carriers are exposed to a broad variety of risks, with different liabilities applicable for transit by sea, air, road or rail. If you carry goods owned by someone else, you could be liable for any damage to the goods and possibly for secondary damage resulting from your service.
People who need carrier's liability insurance include:
Marine carrier's liability insurance can help manage the risks and costs arising from damage to or loss of a third party's property.
This cover helps cover the legal liability, defence costs and expenses when goods are transported or stored on behalf of others.
As with marine cargo insurance, understanding responsibility from a risk perspective between parties can be complex. Our marine brokers can help review the terms of sale before a contract is signed from an insurance point of view.
Our marine specialists have experience with marine broking and underwriting. We maintain strong relationships with the Marina Operators Association (MOA) and help many of New Zealand’s privately-owned marinas to get their insurance sorted.
As one of New Zealand’s largest insurance brokers, our size helps us to negotiate competitive premiums, benefits and conditions for clients. We can also leverage our international connections when needed.
Carrier's liability insurance protects the carrier of goods for liability due to loss or damage during transit.
World class cover for domestic and international marine risks.
Marine cargo insures against the loss or damage of cargo at sea, or on land and associated waterways.
Protection for damage or loss to your vessel, machinery and equipment.
Cover for motorboats, jet skis, kayaks, yachts, launches, fishing boats and more.