Insurance for Customs & Forwarding Agents

If you plan on working as a customs or forwarding agent in Ontario area, you are going to without a doubt need customs & forwarding agents professional liability insurance. Anything can go wrong at any time and PLI customs & forwarding insurance in combination with commercial general liability insurance will ensure that you and your employees are protected. As a forwarding agent you are constantly handling other people’s merchandise and shipping it to faraway lands, which just open the potentials for tons of risks.

There is always a risk that you could damage the package or completely destroy it during the moving process. Since you own the warehouse and are responsible for the safe transportation of the merchandise, you are going to be at fault. Customs & forwarding agents E&O insurance can protect you in these exact situations. This policy will cover the costs of the damage and pay for any lawsuits that might arise throughout the incident. Commercial general liability insurance on the other hand will protect you in the event that someone gets hurt on your property. Just imagine if a truck driver picking up a customer’s package slips and breaks his arm, while on your property. You would have to pay the medical costs out of pocket, but a CGL policy could cover those expenses.

Customs & Forwarding Agents business insurance

Other Coverages To Consider

While customs and forwarding agents errors and omissions insurance is extremely handy, it won’t protect you from every risk out there. This is why you always need to speak with a highly trained insurance agent and discover some of the other policies that might be available for your very specific needs. However, you do need to have a place to start and below you will discover some other policies that you might want to consider.

Cargo Liability Insurance

It doesn’t matter how careful you are there are going to be mistakes and errors that happen along the way. Unfortunately, people are impatient and they are depending on you to their merchandise from point A to point B within a certain amount of time. If a package gets lost or damaged the customer is going to come to you seeking reprimands. This is exactly where cargo liability insurance comes in handy.

Cargo Liability Insurance Recommended Limits – $500,000 Per Claim / $1,000,000 Aggregate

Global Claims Network

As a forwarding agent you are going to be shipping high yield merchandise to a variety of different countries. Well, if something can go wrong at home, it can certainly go wrong in another country. Global claims insurance can come in handy in these exact situations, as the policy can help you resolve claims in a number of countries, currencies, and languages.

Global Claims Network Insurance Recommended Limits – $100,000 Per Claim / $500,000 Aggregate

Cyber Insurance

Customs agents are going to be dealing with a lot of high-end customers on a daily basis. You will not only be storing their personal information on your computer systems, but you will be storing their billing information. If someone unlawfully gains access to this information it would be detrimental to your business. And, this is where cyber insurance can protect you.

Cyber Insurance Recommended Limits – $100,000 Per Claim / $500,000 Aggregate

Knowing The Average Costs

It is no mistake that insurance is expensive, but it absolutely necessary to ensure the safety of your business and employees at all times. In fact, in certain Ontario areas the law might require you to purchase these policies before you even open your business. Whatever the situation is, you need to have at least some basic ideal of what business insurance policies will cost and that is what you are going to learn below. 

When dealing with packages, heavy items, and extremely expensive merchandise mistakes can happen at the drop of a hat, but with the right amount of cargo liability insurance you will be protected.

  • Cargo Liability Insurance – $90 a month, depending on the coverage amount
  • Global Claims Network – $35 a month
  • Cyber Insurance – $18 a month

Just remember that these prices can vary based on your specific needs. To get your free business insurance quote today, just gives our offices a call or visit our website and get a quote within a matter of minutes.

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Other professions we also provide insurance for:

Academic Testing Centres
Accident Investigation
Accident Prevention Consultants
Adoption Agencies
Advertising Agencies
Advertising Agents & Services
Aerial Mappers
Alarm Monitoring Services
Allied Health Professionals
Alternative Dispute Resolution Firms
Alternative Energy
Answering Services
Arbitrators & Mediators
Arborists / Tree Surgeons
Architects & Engineers
Architectural technicians and technologists
Auctioneers, Auction Houses
Blueprint & Photocopy
Boat Registrars
Building Designers(Bill 124)
Business Brokers/Managers
Business Consultant
Business Enterprise Agencies
Business Training Courses
Cabling Designers
Camera & Photo Supply Stores
Careers Advisory Service
Catering Consultancy
Cereal Growing Advisors
Chambers of Commerce & Trade
Civil engineers
Claims Adjusters & Administrators
Collection Agencies
Commercial Printer
Communication Consultants
Company Formation
Company Search Agency
Conference & Event Management
Conference Facilities & Services
Conservation Consultants
Conservation Organizations
Consumer Organisations
Contest Managers
Contractors Accountants
Convention Planners
Counselling & Advice Services
Court Reporters
Credit Reference Services/Bureaus
Custom House Broker
Customs & Forwarding Agents
Data Processing Services
Database Managers
Day Spas
Decorators – Interior
Dental Laboratories
Dieticians (Consulting)
Directors and Officers
Documentary creators
Employment Agencies
Employment Agencies/Recruiters
Employment Placement Agencies
Energy Audits & Assessments
Environmental Engineers
Event Planners
Excess & Umbrella Liability
Fitness Clubs
Foreign Legal Consultants
Holistic Professional
Home inspectors insurance
Immigration Consultants
Independent Contractor
Industrial Designers
Information Technology
Interior Designers
IT Contractor
IT Specialist/Technician/Programmer
Lawyer’s Excess Professional Liability
Long Term Care
Management Consultants
Medical Clinics
Medical Devices
Medical Professionals (Malpractice Insurance)
Medical Related
Medical Student Malpractice Insurance
Mortgage Brokers
Multimedia designers
New Media
Occupational Health and Safety Consultants
Placement Agencies
Private Investigators
Process Servers
Product Designers
Professional Entertainers
Professional Organizer
Professionals Liability
Project Managers
Property Managers
Publishers and Printers
Quality Control Consultants
Recruitment and Employment Agency
Recruitment Consultants
Research & Development
Roofing Consultants
Safety Engineers
Service Organizations
Solar & Wind Farm Engineers & Consultants
Spa Package
Structural Engineers
Tax Prepares
Technology Companies
Therapist Professionals
Town / Urban Planners
Training Providers/Trainers
Translators etc.
Travel Agencies
Travel Agents
Travel Agents, Tour operators
Web Designers
Web-Site Designers
Workplace Engineers & Consultants