- The risk for hauliers of consequential losses
- Protection for hauliers - use contract conditions
- What hauliers should do if asked to insure on a full value basis
- Using 'full responsibility' cover as a haulier
- HGV insurance from Towergate
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The risk for hauliers of consequential losses
Consequential losses can be devastating for businesses, especially when important contracts or partnerships are at risk. Under most hauliers’ liability insurance policies, consequential loss cover is limited to one or two times the amount of the carriage charges. In addition, cover is conditional on the insured contracting out of liability for such losses, or limiting their liability to the extent specified in their policy wording.
Without suitable contract conditions, hauliers can find themselves liable for consequential losses such as, those arising from production delays because a just-in-time delivery arrives late.