You are at the heart of global trade. Companies around the world depend on your expertise to ship the goods that keep the economy rolling. Your customers trust you with their cargo while it is in transit—it is your responsability to make sure that cargo arrives at its final destination undamaged.
Your experience has taught you that anything can happen in transit (whether air, sea, or land) leading to the potential loss or damage of freight. That is why you need to use custom insurance solutions designed to protect your earnings and your business reputation. At BFL CANADA, we know what it takes to cover your merchant ships, crew, freight and related liabilities both onshore and offshore.
Discover your coverage solutions
Protects your goods and/or those of a third party for which you are responsible against any risk of theft, loss or damage that may be caused during sea transport. This coverage can also apply when your property is temporally stored during the normal course of transit.
HULL AND MACHINERY FOR COMMERCIAL VESSELS
Protects the insured vessel or fleet against physical damages caused by a peril of the sea or other covered perils while the vessel is in transit on water.
PROTECTION AND INDEMNITY
Covers against potential liability risks that could arise at sea, such as damage to a third party, political or war risks as well as environmental risks such as oil spill and pollution.
Protects tugboat owners from the risks associated with towing operations involving barges or other vessels. It covers liability for physical damage to a ship that you tow or push and its cargo.
FREIGHT FORWARDERS’ LEGAL LIABILITY
Covers a freight forwarder in the event of loss or damage to goods for which they are responsible. This damage may be related to loss, degradation, rerouting or abandonment of goods by the third party. The policy will cover all costs related to these risks.
MOTOR TRUCK CARGO LIABILITY
Protects your goods and/or merchandise against possible damage or loss during travel. This coverage protects both carriers and owners of goods from hazards beyond your control such as accidents, fires or collisions.
TERMINAL OPERATORS AND STEVEDORES LIABILITY
Protects terminal operators and stevedores from possible damage to property under their care, custody or control for import and export purposes.
Protects operators of commercial piers or wharves for their specific and unique needs. This protection extends to loss or damage to the property of others in the care, custody, and control of the wharfingers; including vessels, barges, their cargo and equipment.
PORT AUTHORITY LIABILITY
Offers insurance for property and handling or storage of cargo, protecting a port against accidental damage, weather damage, machinery breakdown or increased operational costs following an accident.
BUILDERS’ RISKS ON COMMERCIAL AND PRIVATE PLEASURE VESSELS
Protects your building materials as well as your temporary structures such as scaffolding installed by the builder for the renovation or the construction of commercial ships or pleasure vessels. This policy also covers owners against possible physical damage caused to third parties or to ships under construction, such as fire, theft or vandalism.
SHIP REPAIRERS’ LEGAL LIABILITY
Covers ship repairers in the event that their liability is implicated as a result of damage caused to ships on which they are working. This policy also protects against any legal action incurred as a consequence of bodily injury or death caused to others during ship repairers’ activities.
CHARTERERS’ LEGAL LIABILITY
Covers the charterer’s legal or contractual obligations to a vessel owner as specified in the charter agreement. This normally covers damage caused to a vessel while loading, unloading and stowage of the cargo, and loss of life or bodily injury to third parties resulting from acts of the charterer.
The BFL CANADA advantage in a competitive market
WHY DOING BUSINESS WITH BFL CANADA IS IN YOUR BEST INTEREST?
- We negotiate on your behalf to get the best protection, rate and deductibles.
- We work with you to develop tailor-made solutions adapted to your reality.
- We deal with all major insurers that specialize in your industry.
- We have offices across Canada to meet your local needs and partners in over 140 countries for your global ambitions.
- We are solution seekers for companies of all sizes and every industry.
At BFL CANADA, we help our clients get peace of mind. Most insurance policies require various insurance companies to share the risk. As your insurance broker, we are able to canvass the insurance marketplace, approach financially sound insurers and always act in your best interest.