Last year's launch of the Transportation Intermediary Program™ (TIP) was well received by the industry as an effective and flexible liability insurance program. TIP offers a variety of legal liability insurance options to address your specific operations and activities. Coverage within TIP is designed to easily adapt to changes in your business and operating environment.
In response to recently enacted legislation by the Food and Drug Administration (FDA), TIP has been expanded to include coverage for FDA re-inspection fees. A component of the new legislation imposes financial liability upon a U.S. agent for fees charged by the FDA to re-inspect foreign facilities. Re-inspection is ordered when the initial inspection results in deficiencies which compromise the safety of the imported products. Custom brokers and freight forwarders acting as designated U.S. agents are now exposed to financial loss should they not recover re-inspection fees from their client/foreign facility.
If you are currently acting as a U.S. agent, contact your Roanoke Trade representative today to learn more about this important coverage and the many options TIP has to offer that are essential to your business.
TIP Coverage Options
FDA Re-Inspection Fee Coverage
Bill of Lading Legal Liability
Domestic Freight Forwarder Liability
Errors & Omissions
Motor Truck Cargo Legal Liability
Contingent Motor Truck Cargo Legal Liability
Warehouse Legal Liability
Bailee
Packer's Liability
Third Party Liability
Contingent Auto Liabilty