Insurance solutions for transportation companies
Various different unexpected surprises can occur in transport industry that can cost valuable time and money for your company. For example, goods might get damaged or destroyed during transport. The vehicle might also get into an accident and both the vehicle and its driver get damages. These are the risks every company operating in the transport industry faces. To manage these risks better, we recommend to buy insurance. This way the company can focus on its core business and leave the mitigation of risks to ERGO.
What kind of risks may materialise?
A company operating in transport industry faces various risks. Here are some real-life examples of insured events.
Goods and vehicle get damaged during transport
For example, the load might roll over resulting in goods getting damaged. The carrier is responsible for the goods from the time of receipt to their delivery. The liability of the carrier is limited under international conventions, but this might not be sufficient to cover the whole damage. Therefore, it is recommended to buy marine cargo insurance, which ensures the compensation of all goods in case of a damage. In addition, the vehicle carrying the load might get damaged or at worst case get written off due to an accident.
The driver of the vehicle gets injured due to an accident
The load rolls over abroad and injures the truck driver, who needs hospitalisation in the foreign country for a longer period as a result of the accident. In such a case, travel insurance compensates the costs of hospitalisation and the employer’s liability insurance compensates any additional costs the employee bore (e.g. buying pharmaceuticals) and the possible loss of salary.