Multi Modal Transport Insurance

Multi Modal Transport Insurance Policy

IFFCO-Tokio is the first Indian Insurer who has created an insurance policy to meet the needs of the modern freight forwarder.

MTO policy takes care of all marine liabilities of the logistics industry.

Meets the needs of the modern freight forwarder.

Issued to the players in the field of freight services in India.

Covers physical loss or damage to cargo.

Covers physical loss or damage to vessel or equipment.

Covers consequential loss and/or business interruption.

Coverage includes Fines and Duty.

Third-Party Liability extension is offered.

The policy covers legal liabilities arising out of:

Physical loss or damage to cargo while in the care, custody, and control of the insured, or a party who has contracted or sub-contracted to provide transport services.
Physical Loss or damage to vessel or equipment owned or operated by a subcontractor or customer.
Consequential loss and/or business interruption resulting from 1 above.
Unrecoverable cargo's contribution to general average.
Fines and Duty.
The Errors and Omissions extension would cover legal liability arising out of the operations of the insured following a negligent act, error or omission by the insured, his agent or sub contractor.
The Third-Party Liability extension would cover physical loss or damage to property, bodily death or injury or illness and legally recoverable consequential loss arising out of the operations of the insured.