Zurich Financial Services has announced the launch of a new freight liability product to supplement its Marine Cargo policy, which was launched at the beginning of 2008.

The Marine Cargo team led by Alan Wilkins, have built on Zurich’s existing marine underwriting capability in the UK, and introduced a new freight product which is designed for transport operators and freight services providers involved with the carriage, handling or storage of goods. The product helps those who are responsible if the goods are lost or damaged.

The new product is designed for firms including road haulers, warehouse keepers, property owners, freight forwarders/transit intermediaries and companies with fleets of commercial vehicles. Each policy is sold on a bespoke basis and optional extensions can be included to provide cover for freight forwarders liability, temperature controlled goods, errors and omissions and own trailers.

Mr Wilkins said: Every transport operator should have freight liability cover in their register of risk management to cover them against their legal liability for the goods they carry, as stipulated by their carriage conditions. This move further consolidates our broker strategy to become a leading multi-segment insurer in the UK.