Contingent cargo insurance.
When a contracted carrier's cargo coverage fails to pay a claim, the broker or shipper can be left exposed. Contingent cargo backstops that gap, but it is not a substitute for the carrier's coverage.
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The gap it backstops
When a broker or shipper relies on a contracted carrier's cargo coverage and that coverage fails, an exclusion, a lapse, an insolvent insurer, the loss can fall back on the broker or shipper. Contingent cargo is designed to step in for that situation, protecting the relationship and the freight.
Not a substitute for carrier cargo
Contingent cargo is a backstop, not a primary coverage. It responds when the carrier's coverage should have paid but did not, so verifying that your carriers carry adequate, in-force cargo coverage is still essential. The two work together.
Who needs it
Brokers and logistics companies are the typical buyers, since they arrange transport on others' equipment. The terms, triggers, and limits vary, so the coverage has to be matched to how you broker freight. We confirm it fits.
Common questions.
What is contingent cargo coverage?
Does contingent cargo replace carrier cargo insurance?
Who needs contingent cargo?
Is this coverage right on your policy?
Tell us how you operate and we will check this coverage against your authority, cargo, and contracts. Educational, no obligation.
Backstop the carrier cargo gap.
Tell us how you broker freight and we will confirm contingent cargo fits.