Operating in the transportation industry comes with a lot of high risks and it’s true that it’s always better to be prepared. General liability insurance and business liability insurance alone are not enough. As part of a comprehensive transit insurance package, transportation legal liability insurance covers professionals like warehouse operators, freight forwarders, motor carriers and logistics service providers.
What Transportation Legal Liability Insurance Covers
Transportation legal liability insurance encompasses a wide array of different types of insurance products. This type of insurance protects professionals in the transportation industry from legal liability associated with aspects like a bill of landing, warehouses and motor truck cargo. Additionally, it covers the liability involved with being a bailee, property broker or packer. Moving, handling or arranging shipments for someone else’s cargo is a risky business, which is why transportation legal liability insurance is one of the essentials of a transit insurance package.
What This Means for You
Being a part of the transportation industry as an intermediary means accepting large risks on a daily basis. You don’t want to be faced with a lawsuit due to an error or negligence on your behalf without having the right insurance. A specialized insurance broker for transit insurance is there to help you find the proper transportation legal liability insurance and any other types of insurance you may need.