Is responsibility for customer goods the same as insurance on those goods?
A contract can allocate responsibility, but it does not by itself establish that an insurance policy covers the goods or the liability. Cargo-transit coverage terms depend on the applicable form.
Give the broker the custody timeline, contract limits, declared values, carriers, subcontractors and routes. Ask the proposed form to identify insured interests, exclusions, valuation and when its terms begin and end; contract responsibility alone does not establish insurance.1
Read the Supply Chain and Logistics Insurance Buying Guide
Sources and Further Reading for Supply Chain and Logistics
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