Glossary

Insurance Certificate in Road Freight Logistics

Definition

An Insurance Certificate is a document issued by an insurance company or broker as proof that a specific insurance policy is in effect. It provides essential information about the policy, such as the coverage limits, policy number, policyholder, and the effective and expiration dates. In the context of road freight logistics, this certificate is often required to demonstrate that the carrier has the necessary insurance coverage to protect the goods being transported against potential damages or losses during transit.

— sennder Team

FAQ

An Insurance Certificate typically includes the name and address of the insurance company, name and address of the policyholder (e.g., the carrier or logistics company), policy number, effective and expiration dates of the policy, type of coverage (e.g., cargo insurance, liability insurance), coverage limits, and any special conditions or endorsements.
An Insurance Certificate is essential in road freight logistics because it provides proof that the carrier or logistics company has the necessary insurance coverage to protect the goods being transported. It helps build trust between the carrier, shipper, and consignee by demonstrating that the carrier is taking appropriate measures to safeguard the cargo. It may be required by law or by contract between the parties involved in the transportation of goods.
To obtain an Insurance Certificate, contact a reputable insurance company or broker specializing in transportation or cargo insurance, discuss your specific insurance needs and requirements based on the nature of your business and the goods you transport, and obtain a suitable insurance policy and request the issuance of an Insurance Certificate as proof of coverage.
Example or usage in road freight logistics

A road freight logistics company is contracted to transport valuable goods across multiple states. To ensure the safety of the cargo and meet the legal requirements, the company obtains a comprehensive cargo insurance policy. The insurance company issues an Insurance Certificate as proof of coverage, which the logistics company provides to their client to demonstrate that the cargo is adequately insured during transit.

Share this post
Keep reading