While delivering electrical goods for clients, rain accidentally gets into your delivery vehicles and damages the components. You must now compensate your clients for the damage, or the will sue you.
While shipping goods overseas, the ship that is carrying your cargo gets attacked by pirates. Your cargo is stolen and your clients are demanding to know how you will compensate them for their loss.
See: Pirates storm ship in Singapore Strait
You contract out a delivery for $500,000 worth of industrial goods to a third-party logistics firm. They lose your clients’ goods. Your client holds you responsible and sues you for negligence. You now face a lawsuit for $500,000 plus hundreds thousands more in legal fees.
Two of your employees get into an accident while delivering your customers’ goods. They suffer broken bones and cuts that require surgery. They file a Work Injury claim against your business under Singapore’s Work Injury Act. You are now legally liable to pay for $30,000 in medical expenses and lost wages.
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