The moment you stamp a B/L, you take on liability for the client's cargo. Whether an incident occurs in carriage, storage or transhipment, or third-party loss arises, the indemnity follows. Freight Forwarder's Liability (FFL) covers the full liability of a KIFFA · FIATA · IATA B/L operator in one place. Compare quotes from 6 insurers in one sitting.
Freight Forwarder's Liability (FFL)
Overview
Freight Forwarder's Liability (FFL) covers a forwarder's or multimodal-transport operator's legal liability for cargo loss and third-party loss arising while it receives a client's goods and carries, tranships, stores, clears and delivers them internationally.
Core cover has three pillars: ① goods-legal liability to the cargo owner, ② third-party liability, and ③ professional indemnity. For operators issuing KIFFA · FIATA · IATA B/Ls.
Key features
01
Goods-Legal Liability
Liability to the cargo owner for loss in carriage, storage, transhipment and clearance
02
Third Party Liability
Bodily-injury and property liability to third parties arising from forwarding work
03
Professional Indemnity
Professional liability for errors in advice and document handling
04
Built for multimodal
Integrated cover across sea, air and inland multimodal transport
Main losses covered
Indemnity to the cargo owner for cargo loss (damage, theft, loss, delay)
Third-party bodily-injury and property indemnity
Loss from errors in professional advice or document handling
Integrated across carriage, storage, transhipment and clearance
Main exclusions
Consequential losses
Liability aggravated by contract
Punitive damages
Terrorism (separate wording available)
Purely domestic carriage (covered separately by carrier's liability)
Conditions
Period
1-year renewable
Payment
Single or instalments
Main insurers
Chubb (Marine division) · AIG · Meritz
Turnaround
5–10 business days
What we need to quote
Business registration / KIFFA and other licence copies
Last 3 years' revenue, volume handled, B/L issuance count
Main routes and cargo types
5-year loss history / desired limit of indemnity (USD)
Things to note
When applying, confirm the basics of the contract — product name, period of insurance, premium payment term and the insured — and be sure to receive and read the policy wording and product brochure.
Coverage exclusions are set out in each insurer's policy wording and brochure; refer to them for details, as claims may be limited by exclusions or payment-limitation grounds.
If the insured event has already occurred when the contract is concluded, the contract is void.
Duty of disclosure: the policyholder, the insured or their agent must answer the application/questionnaire truthfully; otherwise a claim may be declined or the contract cancelled.
Cooling-off: a policyholder may generally withdraw the application within 15 days of receiving the certificate; note that commercial (corporate) insurance taken out by a professional financial consumer cannot be withdrawn.
Providing special benefits in connection with an insurance contract is punishable under the Insurance Business Act.
N2N Insurance Brokerage is a broker registered under Article 89 of the Insurance Business Act; it does not represent any single insurer and advises on the client's side (FSS Reg. No. 2026-012201 · Business Reg. No. 611-23-02374). Application and acceptance follow each insurer's wording.
Full Korean statutory disclosures — depositor protection, tax treatment, signature requirements, the insurance-fraud reporting center and dispute resolution — are provided on the Korean version of this page.
