Cargo Insurance
Liability for goods being transported by a third-party carrier is assumed by the carrier under a Bill of Lading or Shipping Contract. The owner of the goods; however, may want to ensure property is protected in the event of loss or damage, or shortcomings in the carrier’s insurance. The carrier may only be liable for loss or damage caused by negligence, and not for circumstances beyond their control. Your Bill of Lading or Shipping Contract will outline who is responsible for what, and to what extent.
A cargo insurance policy protects your interest in your property, and can be purchased for a single shipment or on an annual basis, if shipments happen regularly.
Resources
Business Insurance
Competition Act Changes to Criminalize Wage-Fixing and No-Poaching Agreements in Effect June 23, 2023
As of June 23, 2023, wage-fixing and no-poaching agreements will be criminal offences under the Competition Act. What does this mean for Canadian employers?
Business Insurance
BC Government Proposes Requirements for Speed Limiters in Commercial Trucks
The BC government has proposed changes to the Motor Vehicles Act that would require speed limiters on heavy-duty commercial vehicles.
Business Insurance
Government of Canada Proposes Legislation to Create Corporate Ownership Registry
In its efforts to increase corporation transparency and tackle money laundering, tax evasion and other financial crimes, the federal government has proposed legislation that would create a beneficial ownership registry for federally incorporated…
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Your CapriCMW Risk Advisor has highly specialized knowledge of your industry and is empowered to act quickly and independently to ensure direct, personal service.
