Your personal data

We collect and process your personal data. To secure your rights under the General Data Protection Regulation, we ask for your consent. The IG Brokers website uses cookies to function properly and improve its efficiency. For more information: Cookie Policy

No Yes
No Yes
No Yes
I agree
Graphic

Freight forwarder’s liability insurance

What is this type of insurance?

The forwarder's liability insurance covers the contractual liability of the freight forwarder acting as a commission agent, operator or warehouse operator for damages caused to a customer) in case of non-fulfillment of obligations under a forwarding contract. The insurance is excluded for a period of one year.

The insurance can be excluded by any company that acts as:

  • commission agent - as a proxy or as a sales representative of the client under the General Special Conditions of the National Association of Bulgarian Freight Forwarders (NSBS);
  • operator under the General Special Conditions of NSBS;
  • warehouse operator under the General Warehouse Conditions of NSBS.

What does the insurance cover?

The insurance reimburses and covers:

  • financial losses of a client, follow-up of errors and omissions of the freight forwarder, when the insurance is excluded by a freight forwarder who acts as a commission agent, as a full proxy or as a commercial forecaster;
  • damages from shortages and damages of the goods and financial losses of the client as a result of mistakes and omissions of the forwarder, when it is excluded by the forwarder in his capacity as an operator;
  • damages from shortages and damages of the goods and financial losses of the client as a result of mistakes and omissions of the forwarder, when he is excluded by the forwarder in his capacity of the warehouse operator under the general warehousing conditions of NSBS.