Cargo Legal Liability Insurance protects carriers against liability for what?

Cargo Legal Liability Insurance is designed specifically to protect carriers from liabilities they may face concerning the loss or damage to goods being transported. This insurance covers the carrier's legal obligations if the goods are lost, damaged, or stolen while in transit. Given the nature of the coverage, it is crucial for carriers to have this type of insurance, as it helps mitigate the financial impact of claims made by shippers or owners of the goods.

In the context of the other options, while loss of aircraft, accidental injuries to passengers, and damage to third-party property are all significant concerns in the transportation and insurance fields, they fall outside the specific focus of Cargo Legal Liability Insurance. Each of those scenarios involves different types of coverage. For instance, loss of aircraft would typically be covered under aviation insurance, accidental injuries to passengers would be covered under general liability or passenger liability insurance, and damage to third-party property would involve liability insurance related to property damage. Thus, Cargo Legal Liability Insurance specifically addresses the risks associated with the goods themselves, making it vital for carriers in their operations.