What are the differences and similarities between the Carrier’s Liability extension and a Goods in Transit policy?

 

Carrier’s Liability Extension

Goods in Transit Policy

Similarities

  • Both cover damage to goods whilst in transit

Differences

  • Only covers damage to third party property in the Insured’s control.
  • Covers damage to the Insured’s own property as well as third party property in the Insured’s care.

 

  • Not intended as primary insurance but only as a contingency if the Insured is unable to contract out of liability to the third party.
  • Acts as property damage insurance and is priced accordingly higher.
Subject: 
General Liability