SINGAPORE LOGISTICS

ASSOCIATION

A partnership between Singapore Logistics Association, Chubb and Honan.
Our insurance programs are specifically designed to meet the needs of SLA members at any level of operation.

Multimodal Freight Liability Insurance

There are different coverages. Choose your plan and enquire about the insurance coverage for your business.

Coverage
Bronze Cover
Silver Cover
Gold Cover
Platinum Cover
Freight liability
S$100,000
S$250,000
S$500,000
S$1,000,000
Professional Indemnity
S$50,000
S$125,000
S$250,000
S$500,000
Extension for Third Party Liability
S$50,000
S$125,000
S$250,000
S$500,000
Deductible
S$2,000
S$2,000
S$2,500
S$2,500
Geographical Limits
Singapore
Worldwide
Worldwide
Worldwide
Covered Activity
Local Transportation and Warehousing
Transportation and Warehousing and International Exposure
Freight Forwarder, NVOCC and NAOCC only
Cargo Advantage and/or Review of Special Contracts
Coverage
Freight liability
Professional Indemnity
Extension for Third Party Liability
Deductible
Geographical Limits
Covered Activity
Bronze Cover
S$100,000
S$50,000
S$50,000
S$2,000
Singapore
Local Transportation and Warehousing
Silver Cover
S$250,000
S$125,000
S$125,000
S$2,000
Worldwide
Transportation and Warehousing and InternationalExposure
Gold Cover
S$500,000
S$250,000
S$250,000
S$2,500
Worldwide
Freight Forwarder, NVOCC and NAOCC only
Platinum Cover
S$1,000,000
S$500,000
S$500,000
S$2,500
Worldwide
Cargo Advantage and/or Review of Special Contracts

Freight Liability

House Bill of Lading and House Air Waybill Liability — provides coverage for physical loss or damage to cargo arising out of the issuance of your Air Waybill or Ocean Bill of Lading &/or FIATA Bill of Lading.

Local Transportation and Warehousing Liability – provides coverage for physical loss or damage to the property of others (cargo) arising from your negligence whilst: 

  • In transit in a vehicle owned or leased by you
  • At your warehouse owned or leased by you, scheduled in the policy
  • Handled by parties assigned by you but not in your care custody and control

Coverage is also provided when there is damage to cargo as a result of insufficient or inadequate packing, crating, bracing, wrapping, marking or cushioning; or improper selection, design or construction of crates, boxes or other containers when done by you or your sub-contractors.

Third Party Liability

Provides coverage for damages and costs to third parties as a result of your negligence causing:

  • Accidental bodily injury
  • Accidental property loss or damage
  • Consequential loss arising from accidental bodily injury or
  • Property loss/damage

Customs Liability

Provides coverage for fines or penalties assessed against your company by any regulatory agency for alleged or proven violations of import or export regulations only.

Errors and omissions

Provides coverage for financial loss to your customers arising from your negligence as a Transportation Specialist.

Special cargo

Provides coverage for fines or penalties assessed against your company by any regulatory agency for alleged or proven violations of import or export regulations only.

Product descriptions and/or information on this webpage are intended only as a guide to coverage terms and conditions, including benefits, and should not be relied upon to determine policy coverage. Policy coverage is subject to the specific terms and conditions of each policy wording. Accordingly, the information on this website does not take into account your objectives, financial situation or needs. Always consider the applicable policy wording and other relevant disclosure documents before making any insurance decisions.

With You All The Way.

Helping you to realise your growth strategies and limitless potential is the reason we exist.

Contact Us Today.

Online Proposal Form Questions For SLA Scheme

Step 1

Your Details

Step 2

Freight information to be completed

Specific Freight against Turnover (Indicate Percentage)

Step 3

Details on transport services

(*Gross revenue including payments to agents and sub-contractors in respect of Insured Services but excluding customs duty, sales tax or similar fiscal charges paid on behalf of the Customer.)

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Please enter a number.
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Existing Year 2023

SDG

Last Year 2022

SDG

Two Years Ago 2021

SDG

Thank you!
We have received your submission and will be in contact with you shortly. If you have any questions in the meantime, feel free to give us a call on 6323 3411.
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LATEST NEWS

Honan Insurance Group Pty Ltd is now fully owned by Marsh Pty Ltd. To find out more, speak to your broker or read the announcement

Announcement