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What does commercial general liability insurance cover regarding freight?
Wiki User
∙ 15y ago
If you are a freight company, involved with handling freight of others, you will need a motor truck cargo policy if you expect to cover damages to other's freight, which is in your care, custody or control. Generally speaking, commercial general liability insurance contains a standard exclusion of goods or property within your care, custody or control. One recognized exception is in the case of fire legal liability, and that typically only applies to real property (buildings) which you lease from others. If you are a shipper of your own goods, you will need an inland marine / transit policy if you expect to have coverage for your goods while they are freight in someone else's care, custody or control. Your commercial general liability policy does not cover first party property damage, i.e. your property.
Wiki User
∙ 15y ago
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Would a Freight broker carry insurance and what is the cost?
freight broker insurance what does it cost
For cost and insurance incoterm will it be freight prepaid or freight collect?
In cost and insurance it will be ''Freight Collect'' but if party require as '' Freight Prepaid'' then use CIF incoterms.
What documents does a freight broker need from the carrier?
Before you haul freight for them ...company info including mc and dot number , w9, insurance certificate of liability showing them as the certificate holder, most will get you to sign a freight broker agreement.After you haul for them a signed bill of lading with no exceptions such as freight short or damaged in order to get paid.
What is the freight term CIF?
Cost insurance Freight
What is the commercial cargo of a ship?
FREIGHT
What is freight insurance?
Whatever goods you buy (or import /export or transport domestically) all have the risk of theft or damage due to natural disaster or other unpredictable accidents. So just like the home, auto or health insurance, freight insurance gives the extra coverage against the unpredictable and the unpreventable damages that might occur when freight moves from point A to point B. If you import/export goods, the insurance cost is usually calculated by the total commercial value of the goods.
What are some companies that specialize in contents insurance for overseas export trade shipments?
Both UPS and Fedex offer content insurance for air freight. However, ocean freight is covered by the marine cargo insurance through the ocean freight handler. Chubb insurance has been in business over 100 years covering all ocean bound freight.
Who does the voiceover commercial for American Freight?
steve belford
What mean on CIF freight?
Means the seller pays the insurance.
What are the advantages of having a freight insurance?
The main advantage for having freight insurance is that if anything goes wrong or goods are damaged on arrival the cost will be covered. Gives one peace of mind.
Difference between FOB and C and F?
The Difference b/w FOB and C&F is FOB + Insurance + Freight = C&F I.e Insurance and freight in both the valuation.
What does CIF mean in shipping terms?
CIF means Cost Insurance and Freight, which means the seller pays to get the load to its destination. The alternate is FOB--Free On Board--which means the buyer pays the freight and insurance.
