Carriers Couriers Legal Liability

Carriers Couriers Legal Liability

The Cover will commence with the loading of cargo on the vehicle and will be in force until unloading of the cargo at the discharging point after the first arrival as a courier which ever may first occur. The cover also operates in course of the business of the insured as a courier and any act of negligence on insured’s part as the courier is hereby covered. This policy is extended to cover the following subject to the limits mentioned in the policy schedule.

1. LOSS OR DAMAGE TO COURIER PARCELS / DOCUMENTS
Loss or damage to the parcels &/or documents by accidental external means not belonging to the insured but whilst held in trust or in the custody or in the control of the insured or his employees within the territorial limits specified in the Schedule during the period of insurance.

2. LOSS OR DAMAGE TO INLAND TRANSIT CONSIGNMENTS
Loss or damage to the consignments &/or documents by accidental external means not belonging to the insured but whilst held in trust or in the custody or in the control of the insured or his employees within the territorial limits specified in the schedule.

3. LOSS OR DAMAGE OF AIRFREIGHT CONSIGNMENTS
Loss or damage to the consignments &/or documents by accidental external means Not belonging to the insured but whilst held in trust or in the custody or in the control Of the insured or his employees within the territorial limits specified in the schedule.

4. LOSS OR DAMAGE TO SHIPMENTS (BY WATERWAYS)
Loss or damage to the shipments &/or documents by accidental external means not Belonging to the insured but whilst held in trust or in the custody or in the control of The insured or his employees within the territorial limits specified in the schedule. PROVIDED THAT the liability of the Company shall not exceed the sum of Rupees Stated in the schedule, in respect of any one accident or series of accidents arising Out of any one event or occurrence not the sum of Rupees stated in the schedule, in Respect of all claims arising during any one period of insurance but the Company will In addition, pay all costs and expenses incurred with its written consent in defending Any claim made against the Insured.

INDUSTRY NEWS