Blog Cargo insurance

What else should you know about cargo insurance and carrier liability insurance?

Cargo insurance vs. carrier’s liability insurance: Cargo insurance protects the owner of the cargo at all stages of cargo transportation, not just within the carrier’s liability. Carrier liability insurance (CMR insurance) covers the carrier’s liability in cases where the carrier’s action or inaction has caused damage to the customer. Cargo insurance, on the other hand, insures the goods themselves according to ICC conditions and without the usual limit (8.33 SDR or 10 euros per kilogram).

Carrier’s liability: Carrier’s liability insurance applies only to transports carried out with the trucks specified in the insurance contract. The insurance does not cover damage caused to a tractor, trailer, container owner or the carrier’s employees, as well as damage caused by force majeure, unless a special agreement has been concluded.

Adherence to the insurance payment deadline: If the insurance payment has not been paid by the agreed time, it is considered that the policyholder has withdrawn from the contract and the insurer is not obliged to compensate for the incurred losses.

Early termination of the contract: If you wish to terminate the insurance contract prematurely, please notify us at least one month in advance via the contact form.