Freight Forwarders & Logistics Liability Insurance

Ideal for Freight Forwarders & Customs Brokers

As a Freight Forwarder and/or Customs Broker you are potentially exposed to a wide variety of liabilities in respect to the services you provide.

A packaged Freight Forwarders & Logistics Liability Insurance is critical in protecting you and your business from the usual services and activities carried out by your company and/or your subcontractors with respect to Loss or Damage to Cargo, Errors and Omissions, Fines/Penalties and Legal Defence Costs. There’s even the optional additional cover to protect you for third party financial loss as a result of your negligence in offering Advice and/or Information to a person.

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1. Applicants

Contact Name*

Company Name/s (include "trading names" if applicable)

Email address *

Website address *

Business telephone no. *

Business or Occupation

Year in business

ABN

List all location address/es from which you operate, including postcodes

Other interestes parties

Postal address/es

Postcode

Nature of Interest

2. The Business

Please note your gross income from your business for the last financial year

Estimated gross income for the next 12 months *

Do you engage subcontractors?

YesNo

Please indicate the amount of gross income paid to subcontractors

Do you obtain evidence of liability insurance from subcontactors?

YesNo

Please select services and operations which form part of the business and indicate percentages (where aplicable) relating thereto :

a) Logistics / supply chain operator

b) Freight forwarder

c) Non-vessel or aircraft owning carrier (NVOC)

d) Road transport oprator

e) Rail operator

f) Ship operator (coastal services)

g) Barge operator

h) Slot / space charterer

i) Multi-modal transport operator

j) Warehouse operator

k) Customs broker

l) Cargo broker

m) Shipping agent

n) Premises occupier

o) Provision of social / sports club canteen, first aid / medical / fire or ambulance services

p) Maintenance of premises

q) Car park operator

if you undertake any of the following services and operations, please select those that you wish to insure and percentages (where applicable) relating thereto. The following services are not automatically insured and may be subject to additional terms and conditions and / or payment of an additional premium.

r) Pick and pack

s) Tagging, testing, assembly and finishing

t) Inventory management

u) Long term storage

v) Advice and information

w) Landlord

x) Provision of utilities

Any other services or operations undertaken not specifically stated above, must be declared below if you wish to insure for such services and operations. Please note that any such services and operations are not automatically insured and may be subject to addition terms and conditions and / or payment of an additional premium if we agree to provide cover.

3. Operational Details

Please indicate the percentages of shipments that relate to your business:

Import

Export

Local

Please indicate the percentages in relation to the method of packaging:

Bulk

Breakbulk

Containers

Palletised

Please indicate the new percentages of shipments to or from following areas:

Australia

New Zealand

Asia

Europe

North America

Middle East

Africa

Central and South America

Please indicate the percentages of cargo represented as follows:

Dry cargoes

Perishables

Refrigerated

Project cargoes

Tank containers

Dangerous cargoes

Electronics

High value goods

Household goods

Do you handle any of the following cargoes:

Spirits

Cigarettes / tobacco

Jewellery

Work of art

Bloodstock / livestock

Precious metals

Where the value of these cargoes including duty exceeds $50,000 per shipment, please advise security arrangements in place

Do you insist that the consignor arranges insurance over the goods?

YesNo

Do you operate under a customs bond?

YesNo

If you operate any warehouses or packing / consolidation facilities, please provide further details:

Location

Service

Construction and age

Security

In respect of any premises, are these?

OwnedLeased

If leased, are you required to arrange material damage insurance in respect of the premises?

YesNo

If others are occupying any part of the premises owned or leased by you, please describe their business activaties

Please describe the cargo handling equipment used by you

Please indicate the percentage of services undertaken by you as:

Principal

Agent

If acting as agent, do you also act as receiving agent on behalf of any overseas

NVOC / principal on imports?

YesNo

If "Yes", do you have in place any agency agreements with such parties?

YesNo

Do you have a business continuity plan?

YesNo

4. Product Liability

Are you involved in any alteration, modification, addition, improvement or otherwise of any cargo handled by you, whereby you provide, supply or install any products?

YesNo

If "Yes", please provide details

Do you charge your customer for such services?

YesNo

Please indicate the turnover dervied by you from such sales:

If you import any of these products, please note the countries from where these products originate:

In respect of imported products, not manufactured by you, do you enforce any warranties or guarantees against the original supplier/s?

YesNo

If you manufacture your own products, please provide details including who designed or formulated them

Are the finished manufactured products subject to any Australian Standards Association codes or relevant international code?

YesNo

If "Yes", please provide details

Please describe the methods of quality control adopted by you

Please provide product brochures in respect of products manufactured by you

5. Contractual Relationships

Do you incorporate any of the following contractual agreements or similar into your dealings with your customers:

Please provide copies of all these agreements including any not noted below:

Standard terms and conditions

House bill of lading / air waybill

Storage agreements

Consignment note

Customer specific contracts

Standard subcontractor agreements

Have these contractual agreements been signed off or drafted by your solicitors, or are they based on standard terms published and recommended by recognised industry bodies?

YesNo

Please state how you incorporate these contractual agreements into your dealings with customers / subcontractors

If you do not operate under any contractual agreements in relation to a specific service you provide, please provide us with your reasons for doing so

In respect of any products or watercraft distributed by you, but manufactured by you, do you enforce any warranties or guarantees against the original supplier?

YesNo

6. Insurance

Please indicate level of cover sought:

Freight Forwarder Liability

$250k

$500k

$1m

$2m

$5m

$10m

Public Liability (if required)

$5m

$10m

$20m

Other

Products Liability (if required)

$5m

$10m

$20m

Other

Please indicate the excess you prefer

Policy cover for storage is limited to $100,000. If you wish to request an increase in this limit,

Please indicate amount sought

Please indicate policy limit sought for Errors and Omissions

Please indicate policy limit sought for Fines and Duty

You also have the option of insuring for optional additional cover, please indicate if you require:

Advice and information Policy limit: $1m

Costs imposed by an authority Policy limit: $50,000

Costs incurred in recovering a debt Policy limit: $50,000

Inability of ship agents to recover port disbursements Policy limit: $50,000

7. General

Please advise who your current insurer is

When does your current insurance policy expire?

If you have in place an open marine cargo policy for your customers' cargo, please provide details below

Please provide full details of all losses or claims (whether insured or not) over the last 5 years

Date of loss

Brief description

Gross amount

Status

Has any insurer at any time:

a) Declined your proposal for insurance?

YesNo

b)Cancelled or refused to renew your policy?

YesNo

c) Imposed special conditions / rates as a result of your policy history?

YesNo

If you answered "Yes" to any of the questions above, please provide details

Are there any other relevant facts to the risk to be insured which you should disclose to enable a true assessment of your application before acceptance?

YesNo

If "Yes", Please provide details

Upload your company's Standard Terms & Conditions, BOL including T&C's, & AWB including T&C's

You have read and understood the Terms & Conditions

YesNo