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Errors & Omissions

Cargo Legal Liability and E&O for Forwarders and Brokers

We know that not everyone is smart enough to buy cargo insurance when they need it. So who do those people turn to when their cargo is lost or damaged? The shipping company, the airlines, the trucking company and/or you - Logistics provider. That's where Cargo Legal Liability & Errors & Omissions Insurance comes into play. A Freight Services policy obtained through Global is designed to protect the freight forwarder, custom house broker, N.V.O.C.C. and warehouseman and give you peace of mind. It will provide reimbursement for any amount you become legally obligated to pay, up to the policy limit. PLUS it will provide the attorney(s) to defend you in court if you are sued as a result of the cargo loss/damage. With our freight services policy in place, no deductible is required or applied to attorney’s fees.

Errors & Omissions Insurance was created to cover situations of human error. As a Freight Forwarder, Customs Broker, NVOCC or warehouseman you know that you become responsible to reimburse your customer for losses while his goods are in your care, custody and control. Both the law and the terms of your bill of lading state this clearly, and you take that responsibility to heart. But you can't be everywhere at once, and the people you rely on are all too human at times. E&O insurance covers consequential or financial loss suffered by shippers as the result of a mistaken action or a failure to take a proper action.

Doesn't it make sense to protect your business from a costly lawsuit caused by one of your employee's mistakes? Let us help you protect your livelihood from the errors of others.

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