CMR-TTH carrier's liability insurance: reliable protection in international transportation
In the field of road transport, especially international, risks are an inherent part of doing business. Regardless of the professionalism of drivers, road quality, or contract terms with partners, there is always a chance of unsuccessful cargo transportation, damage to it, or harm caused to the life, health, or property of third parties. These situations can lead to significant financial losses and reputational damage. That is why PRESTIGE Company offers to help you find the optimal company and conclude a voluntary CMR-TTH carrier's liability insurance contract. This policy will provide you with reliable protection and financial peace of mind in cases where the carrier's liability for cargo arises.
Advantages of insuring with PRESTIGE Company
By choosing us, you get:
- High Degree of Insurance Protection: Guaranteed reliable risk coverage at moderate insurance costs and timely payment of insurance compensation.
- Strengthening Financial Stability: Ensuring the financial stability of your enterprise and guaranteeing the fulfillment of obligations to counterparties under any circumstances.
What Is insured?
The object of insurance is the property interests of the Policyholder that do not contradict the legislation of Ukraine, related to the Policyholder's compensation for harm caused to:
- The life and/or health of an individual or their property.
- The property of a legal entity.
This applies to harm caused during road transport in accordance with the provisions of the International CMR Convention of 1956 (with additions and amendments), including the 1978 Protocol, as well as the transport legislation of the state in whose territory the event that led to the insured incident occurred.
Who can be the policyholder?
The Policyholder can be a legal entity or a legally capable individual (driver), resident or non-resident of Ukraine, who operates the insured vehicle legally.
What constitutes an insured event?
An insured event is the occurrence of the Policyholder's liability as a result of the following insured risks:
- Liability for loss or damage to cargo.
- Liability for errors and omissions: Non-fulfillment, partially or fully, of contractual obligations regarding timely cargo delivery.
- Liability to third parties: Liability for harm caused by the cargo to third parties (e.g., property damage or injuries).
- Additional expenses: Unforeseen expenses arising from an insured event (e.g., costs of storing damaged cargo).
- Costs of salvaging the vehicle: Expenses related to the evacuation or salvaging of the vehicle after an incident.
Insurance sum and contract term
- What is the insurance sum? The amount of the insurance sum is chosen by the Policyholder. It depends on the selected insured risks and the type of cargo being transported.
- For what term can the insurance contract be concluded? The contract can be concluded for a term of up to 1 year.
Ensure your business has reliable protection against unforeseen situations during transportation. Contact PRESTIGE Company today to receive an individual consultation and conclude a CMR-TTH carrier's liability insurance contract.