The Policy

Goods in Transit (Carriers) insurance is specifically designed for

- Carriers operating under conditions of carriage with a full disclaimer clause who wish to have the ability to make
- Commercial settlements to their clients even when they may not be liable
- Carriers operating without using a consignment note or conditions of carriage but who require protection for claims made against them whether or not they may be liable for the loss

The Goods in Transit (Carriers) policy recognizes the commercial needs of carriers to be insured for loss or damage to goods or death of livestock carried by them or their subcontractors without the need to prove liability. We will pay the owner of the goods or livestock for loss, damage or death caused by an insured event when the carrier requests us to.

In addition when a claim for loss, damage or death caused by an insured event is made on a carrier but the carrier has no business or commercial reason to request payment, and doesn't want the claim to reflect on its claims record, we will defend any claim made on the carrier and pay approved legal costs. The carrier may still elect to have the claim paid at any time.

Events Insured Against

- Loss of or damage to goods (including shipping containers)
- Death (or slaughter for humane reasons following injury) of livestock caused by
- Fire, explosion, lightning or flood
- Collision, overturning, jackknifing or derailment of the carrying conveyance
- Impact of the goods or livestock while on the conveyance with something not on or part of that conveyance (other than water)

Optional Events Insured Against

- Theft pilferage or nondelivery
- Accidental loss/damage during loading and unloading
- Deterioration of goods caused by breakdown of refrigerating machinery resulting in its stoppage for at least 6 consecutive hours or following an event insured against

Other Benefits at no Extra Cost

If an insured event has occurred the policy also covers

- The cost of removal and disposal of damaged goods or livestock.
This includes the cost of cleaning the accident site except for liquid or gas pollutants discharged or spilt beyond the road surface and road verge at the accident site
- The reasonable cost of salvaging and on forwarding goods or livestock, whether or not they are damaged up to $25,000 in total and in addition to our liability for the primary loss
-  Legal costs incurred with our consent

Principal Exclusions

- Storage at the election of or on the instruction of the owner of the goods or livestock
- Wear and tear, ordinary leakage, ordinary loss in weight or volume or inherent vice of the goods
- Delay, loss of market or consequential loss of any description
- Mechanical or electrical breakdown or malfunction of goods where no external evidence exists of damage from an insured event
- Fines penalties or punitive damages

Limit of Liability

For settlement of the full amount of any claim it is essential for the carrier to select a sum insured adequate to cover the maximum value of goods or livestock at risk from any one event.

Settling Your Claim

Our experienced claims staff will promptly handle any recoverable claim made against the carrier as soon as we are notified of it and will when requested promptly pay the claim to the parties concerned limited to the sum insured any one loss or series of losses arising from the same event. We will also pay approved legal costs.

Important

The information above is an outline of the cover provided. Full details of the cover with all limitations, exclusions and conditions are contained in the policy.