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Marine insurance

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Marine carrier's liability insurance

Damaged and lost items can unfortunately be a common problem when shipping freight. 

Carrier's liability insurance covers the carrier of the goods for their legal responsibilities due to loss or damage during transit and while cargo is in their care.

Marine carrier's liability is a complex area governed in New Zealand by the Contract and Commercial Law Act 2017. The Act relates to contracts between shipper and contracting carrier, as well as to contracts between contracting carriers and their sub-contractors.

Who needs marine carrier's liability insurance?

Freight forwarders and carriers are exposed to a broad variety of risks, with different liabilities applicable for transit by sea, air, road or rail. If you carry goods owned by someone else, you could be liable for any damage to the goods and possibly for secondary damage resulting from your service.

People who need carrier's liability insurance include:

  • Freight forwarders
  • Shipping companies receiving goods at the wharf
  • Packers, consolidators, warehouse operators and stevedores
  • Port companies
  • Wharf marshalling providers

Marine carrier's liability insurance can help manage the risks and costs arising from damage to or loss of a third party's property.

What marine carrier's liability insurance covers 

This cover helps cover the legal liability, defence costs and expenses when goods are transported or stored on behalf of others.

As with marine cargo insurance, understanding responsibility from a risk perspective between parties can be complex. Our marine brokers can help review the terms of sale before a contract is signed from an insurance point of view.

  • Limited carrier’s risk is the most common contract type in New Zealand and applies by default unless specified otherwise. The contracting carrier is legally responsible for loss or damage to the goods throughout the duration of the contract, regardless of who actually damages or loses the goods, but with a set, limited liability per unit of goods.
  • Declared value risk where the carrier agrees to be liable for a specified amount.
  • Declared terms where the carrier agrees to terms negotiated by all parties.
  • Owner’s risk where the contract states that the carrier shall not be legally responsible for any accidental loss or damage to goods.

Help with marine insurance

Our marine specialists have experience with marine broking and underwriting. We maintain strong relationships with the Marina Operators Association (MOA) and help many of New Zealand’s privately-owned marinas to get their insurance sorted.
As one of New Zealand’s largest insurance brokers, our size helps us to negotiate competitive premiums, benefits and conditions for clients. We can also leverage our international connections when needed.


Marine insurance specialists

Our experienced marine insurance brokers are here to provide advice and solutions to small-medium and corporate businesses working in and with the marine industry. 

Contact us