Transport Operator? Secure cargo under your care, custody or control


Multimodal Transport Operators Insurance

A transport operator, offering contracted/ sub contracted transport services across the value chain involving road/rail transport, shipping companies, CFSs and so on, is exposed to several risks across the transit. A third party liability can arise at any stage for loss or damage to cargo, errors or omissions. This package product can be customized depending on your business to secure your risks.


Road Transport Operators Insurance

Road transport operators can operate their own vehicle or third party vehicles, and are required to be registered as per the Indian Road Carriage Act of 2007. The rules also offer a limitation of claim in respect of the cargo carried. A road transport operators liability insurance cover is available to protect operators specifically from road transit risks.

FAQ

How do I decide if Multimodal Transport Operator Insurance is suitable for my business?
MTO policy can secure you, if you are acting as agent for third party as a NVOCC (Non-Vessel Owner Common Carrier). In other words, if you arrange for road, rail, air, sea transport for your customers under different stages such as road/rail transport up to port, sea/air voyage up to destination and so on, and these multiple modes of transit are arranged by you on behalf of the customer, then this product could help protect your liability for goods under your care, custody or control.
You could be a freight forwarder, packing and consolidating agent, custom house agent, shipping agent, warehousing provider in transit,
What all gets covered under MTO insurance?
Loss or damage to cargo under the insured’s care, custody or control, claims from third parties, errors or omissions are typically covered as a single package policy. It can also cover consequential damage, fines and duties. Policy terms and conditions, premium can vary significantly across insurers for the same risk. Blue Armour Insurance Brokers can advise you coverage terms as well as premium rates across the process.

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Direct Broker (General), IRDA License No 728 (Valid upto 25th August, 2023), Bluearmour Insurance Brokers Private Limited, CIN: U66000HR2019PTC084231