What coverage is also referred to as carriers' liability?

The coverage often referred to as carriers' liability is the Motor Truck Cargo Policy. This type of policy specifically protects trucking companies or carriers when they are in possession of goods during transportation. It provides coverage for loss or damage to cargo while being transported by truck, which is a crucial aspect of the shipping and logistics industry.

Carriers' liability comes into play because when a carrier accepts goods for transport, they assume responsibility for those goods. The Motor Truck Cargo Policy ensures that the carrier can cover potential claims from clients if the cargo is lost or damaged due to various perils while in transit. This policy is essential for carriers to manage their risks and liabilities effectively.

Other types of insurance, such as Freight Forwarder Policy, Goods in Transit Insurance, and Shipping Liability Policy, focus on different aspects of transportation and may cover certain liabilities or risks, but they do not specifically address the carriers' responsibility in the same way that a Motor Truck Cargo Policy does.