Professional protection during customs clearance
Helps protect the company’s financial interests if an unintended customs clearance error results in an official claim involving customs duties and interest.
The policy helps cover liability to the beneficiary when a breach results from an unintended error in customs control or customs clearance.
Protection if customs duties are calculated incorrectly when declared goods are cleared.
Coverage may apply to unpaid or underpaid customs duties and interest within the terms of the policy.
The event is considered when the beneficiary formally presents a financial claim.
A final court decision and supporting documents may also provide the basis for review.
Terms and pricing are calculated individually
Every claim is assessed against the documents and the individual insurance terms.
The error or improper performance of obligations must not be intentional.
The liability must result from the customs broker’s actions during customs control or clearance.
The claim must fall within the territory and insurance period stated in the policy.
Insurance protection applies when liability is supported by an official claim or a court decision and the circumstances and amount of loss are documented.
The amount of insurance indemnity is based on the documented loss, within the sum insured and after the agreed deductible.
An unintended action results in an incorrect calculation or underpayment of customs duties.
The beneficiary presents a financial claim, or the liability is confirmed by a court.
The broker notifies the insurer and provides declarations, consignment notes, and other supporting evidence.
The insurer reviews the cause and amount of damage, prepares an insurance report, and makes a decision.
The scope of cover, liability limit, deductible, territory, and term are set out in the individual insurance documents.
liability resulting from unintended improper customs control or customs clearance
unpaid customs duties and interest, within the agreed terms
compensation for documented damage within the sum insured and after the deductible
The exact list of risks and calculation method are defined by the agreement and insurance policy.
intentional acts, criminal conduct, or knowingly false information about the risk
indirect losses of represented parties, non-pecuniary damage, and exclusions stated in the policy
war, terrorism, nuclear risks, confiscation, and other force majeure circumstances
claims outside the policy territory or period unless otherwise agreed in the documents
Check the full list of exclusions against the individual policy terms.
To assess the risk and prepare terms, a specialist will ask about the company and its customs operations.
Legal entity details, operating experience, and information about the company’s work as a customs broker.
Types and number of customs clearances, commodity flows, and relevant client profiles.
Number of in-house customs clearance specialists and details of their qualification certificates.
The required limit of liability per event and in aggregate for the insurance period.
The agreed portion of each loss that remains the policyholder’s responsibility.
Information about previous claims and circumstances that affect the level of insurance risk.
Submit an application and share the basic details of your customs brokerage operations; we will clarify the rest together.
Complete the form on this page. A specialist will contact you to clarify your needs.
We will need information about the company, operations, specialists, required limit, and claims history.
We will agree the sum insured, deductible, term, territory, price, and policy issuance process.
The product is intended for legal entities in the Republic of Uzbekistan that operate as customs brokers and are responsible for the work of their in-house customs clearance specialists.
The policy protects the policyholder’s financial interests associated with the obligation to compensate the beneficiary for damage arising from the company’s customs brokerage activities.
It is an established liability of the customs broker under an official claim by the beneficiary or a court decision, provided that the breach resulted from unintended improper customs control or clearance and falls within the policy terms.
In the base policy wording, the beneficiary is the State Customs Committee of the Republic of Uzbekistan and its territorial divisions.
The policy provides for incorrect calculation of customs duties and their non-payment or underpayment together with interest on declared goods, provided the error was unintended and the other insurance conditions are met.
Exclusions include intentional acts, criminal conduct, knowingly false information, indirect losses of represented parties, non-pecuniary damage, war and nuclear risks, terrorism, confiscation, and other circumstances expressly excluded by the policy.
Pricing is calculated individually based on the company’s activities, volume and nature of operations, number of specialists, requested sum insured, deductible, insurance period, and claims history.
You will need company details and information about customs brokerage activities, operational volume, in-house specialists and their qualification certificates, the required limit of liability, and previous claims.
The agreement takes effect when signed by the parties, while the insurer’s payment obligations begin after the premium is paid. Under the base wording, the policy is issued within three banking days after the premium is received.
Take reasonable steps to reduce the damage and notify the insurer in writing no later than 72 hours after becoming aware of the claim. Attach a copy of the financial claim or court decision and the available supporting evidence.
In addition to the application and claim, customs declarations, consignment notes, duty calculation and payment records, court documents, and other evidence confirming the cause of the event and the amount of damage may be required.
The base wording provides for the insurance report to be prepared within 10 days after the application and complete supporting documents are received. Payment is made within 10 banking days after the report is signed. Individual documents may specify the procedure and time limits.
Tell us about your company’s operations, and a specialist will help prepare tailored terms.
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