The concept of insurance in freight transport and forwarding

Freight transport has always involved a series of risks, from the moment of departure until arrival at the destination.

Adapting to the new economic context

At present, the freight transport and logistics industry is going through an extensive process of transformation and even of adaptation to the new way in which the global economy functions.

The post-pandemic context and the accelerated integration of the freight transport industry have been the issues raised for discussion until now.

Today we have to take a great many changes into account: the war in Ukraine, the financial uncertainties present at every turn, etc.

All these factors, together with digitalisation and customer expectations, are increasing the speed and control associated with the delivery process.

This is one more reason why the transport operations carried out are exposed to risks.

As carriers, we need to know that unpleasant events can take us by surprise at any time.

Insurance in forwarding and freight transport

When we talk about insurance in freight transport, we need to know that the losses occurring during the transport or storage of goods are not accepted in their entirety.

Only those caused by insurable risks are accepted.

Under the Civil Code, the forwarding company has the rights and obligations of a carrier.

That is why it is essential for its employees to know what the types of insurance are.

They must conclude insurance contracts specific to their activity, so that the service provided runs optimally.

Specific insurance protects the goods that are transported, handled and stored.

It can cover their total or partial loss or damage, from the moment of receipt until handover.

The risks that may arise will also be taken into account.

The key points of the insurance policy

One more essential point is that damage caused to the company's own means of transport used (road, rail or waterborne) can be covered.

Through various forms of civil liability, the forwarding company can be indemnified for the damage it may cause to third parties.

Honexpres – complete solutions for domestic and international freight shipments

When you read an insurance policy, we recommend that you pay attention to all its clauses.

Check in particular any special provisions which, more often than not, are written in smaller print and can very easily go unnoticed.

Yet it is precisely these that can leave the insured unable to be indemnified by the insurer.

Not only are we a freight forwarder offering professional services in organising domestic and international transport, but Honexpres also brings you basic information about insurance!

To choose and take out the right policy, please contact an insurer or an insurance broker.