If you operate a warehouse, you may be subject to domestic freight forwarder liability in the case of damages. This is the case even if you do not handle batches of freight physically. Many handlers make the mistake of believing that they will not be held responsible for problems that arise with freight simply because they never physically work with the batches. The truth is that any warehouse operator whose name is on a bill of lading or who holds freight in his or her office temporarily could be implicated in cases of damage to goods.
Getting Liability Coverage
The good news is that it’s easy to get coverage that specifically deals with the freight handling industry. This is a complex industry with lots of variety, but the insurance industry has managed to develop plans that take industry particulars into account. With domestic freight forwarder liability insurance, you can rest assured that your business will be able to weather the financial costs of lawsuits relating to freight damage. Without such coverage, the costs of a lawsuit could be tremendous.
Who Gets Covered
Domestic freight forwarder liability insurance covers most professionals who play a role in temporarily holding freight as part of a large supply chain. In particular, it covers domestic forwarders, indirect air carriers, and non-vessel operating common carriers. Also termed bill of lading legal liability insurance, it can be a major benefit to all professionals who could potentially be implicated in cases relating to freight damage.