In the transport industry, it is extremely important to have adequate insurance. It guarantees certainty on the part of the party ordering transport and affects the settlement of possible losses for the ordering party. Such situations in transport can happen, so when ordering transport for your cargo, it is worth asking the provider about the various insurances. Accidents, delays on the part of the contracting party, or damage to goods during transport are fortuitous situations. In order to ensure the safety of the company and its employees, it is worth knowing the basic types of insurance and choosing such partners who have the most favorable among them.
CARGO insurance
This is cargo insurance for transport. It covers both domestic and international transport in all its varieties (road, rail, sea, air). CARGO policy can be purchased when you transport goods yourself with your own or rented means, as well as when you use the services of a transport company. Such a policy covers many risky situations. It protects the insured's property in case of natural disasters (fire, hurricane, avalanche, earthquake, landslide), robbery, theft (both of the property and of the means of transport with the property), cargo damage, as well as in case of accidents of the means of transport.
Liability insurance
Carrier's liability insurance is called OCP insurance for short. An entrepreneur who offers transport services is an important link in the supply chain. From the moment the goods are accepted from the transport orderer until they are handed over to the consignee, the carrier is responsible for the cargo. The OCP indemnifies the entrepreneur against liability incurred by him in connection with the transport contract. So, if the cargo is lost or damaged during transport, then the insurance company will be financially liable - the ordering party will be compensated.
Forwarder's Liability Insurance
Forwarder's Liability Insurance provides coverage for the liability of the forwarder or the policyholder for damage to property and financial damage resulting from non-performance or improper performance of the forwarding contract. It is designed for logistics companies engaged in the organization of cargo transport in Poland and throughout Europe. It is voluntary, not infrequently this insurance is required by contractors, as it increases the credibility of the company. Adequate third-party liability insurance for a carrier is a priority policy that every transport company should have. In addition, it is also important to guarantee protection against loss and theft of goods. Also, the choice of the best insurance for employees should not be underestimated - as their safety is the foundation of a properly functioning company.
An important aspect related to transport safety is the company's experience and the number of completed transports. It is these aspects that determine the reduction to a minimum of risk and the need to use an insurance policy. When choosing a transport partner, pay attention not only to the rich insurance offer of its transport, but also to how many transports in a given direction your partner has already handled.
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