Protecting the cargo is in the interest of the owner of the goods, the freight forwarder and the carrier. Insurance cover is a means of compensating for damage caused during transport and of assuming the liability of the person responsible for the damage caused.

The existence of a liability insurance contract is a legal requirement for the activity of asset protection companies. Our guide provides the most important information on liability insurance for this activity in Hungarian language.

The purpose of liability insurance is to compensate you or your company for damage caused to others, if you are legally obliged to do so. You can find out more about the types of liability insurance, the risks involved and useful advice on how to take out a policy on our website in Hungarian language.

The technical information in the leaflet will help businesses before and during the insurance period, and insurance intermediaries to find the most appropriate insurance for their customers’ needs and to tailor the insurance conditions. Currently the leaflet is available in Hungarian language.

Underinsurance is when the value of the insured property exceeds the sum insured. In such a case, following a claim, the insurance does not cover the value of the property according to the chosen valuation method. In case of underinsurance, the insurer is obliged to compensate the loss in proportion to the value of the insured property. This is the pro rata compensation.