| Commentary

4.4 Insurance

| Commentary

4.4 Insurance

The impact of insurance is of the utmost significance. Carriers will, as a matter of course, carry insurance to cover third party liability to the public and to employees, and carriers by road will have insurance to meet third party liabilities, including liability to their own passengers, under the Road Traffic Act 19881. Most carriers will also have first party cover in respect of their own property. The key issue is, however, the insurance of the goods in transit.

If the carrier accepts the risk of loss or damage, he will ordinarily and prudently insure the goods against such

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