Managing your risk is our business. Similar to other professions, Freight Forwarders are responsible to their customers for the services and the advice they provide. In the event of physical loss or damage to cargo, or resultant financial loss suffered by the cargo owner, the freight forwarder will be required to defend their liability and under certain circumstances reimburse the cargo owner for their loss. Customs Brokers and freight forwarders are more vulnerable than ever to actions brought against them by their clients due to errors made, or errors which the client perceives were made. Mistakes can be extremely costly and even if the error was not made by you, the cost to defend yourself can create substantial expense. Type of Insurance and Coverage This policy is for those involved in carrying, storing, or facilitating the movement of third party goods by insuring them for their legal responsibility. If they are deemed liable under a contractual agreement for physical loss of or damage to a consignment, the policy would protect this. Freight Services Liability Comprehensive liability and physical damage insurance programs for forwarders, NVOCCs and other logistics and distribution companies, including liabilities to cargo and third parties, errors and omissions, and physical damage to owned or leased containers. • Legal liability • Physical loss of or damage to any means of transport or transportation equipment • Physical loss of or damage to buildings and premises • Costs and expenses • Items of materials sold, supplied, leased or hired • Liabilities, costs and expenses imposed by governmental or Judicial Authorities • Fines, duties and penalties Freight Forwarders Liability A broad range of protection for marine cargo may also be added through Nacora's legal liability. This may include: NVOCC LEGAL LIABILITY + INDIRECT AIR CARRIER LIABILITY WAREHOUSE LEGAL LIABILITY + MOTOR TRUCK CARGO + BAILEE'S LIABILITY Each of these coverage's protects you for a specific operation you perform. The policy pays for damages for which you are found to be legally liable and defence costs of claims made against you, whether or not you are liable. In many liability cases, the costs of defence can and do far outweigh the damage payments.