Transafe Underwritersoffice (336) 584-9494
fax (336) 584-9414
toll-free (800) 326-8198

Contingent Cargo Insurance

Contingent Cargo for Brokers

> We have in-house policies with $1500 minimum premium for contingent cargo liability.

Description:
This program is designed to protect Truck Brokers in the event one of their contracted truckers has a coverage issue. These issues arise when the trucker hauling the brokered load provides a certificate of insurance to the broker but occasionally these certificates could be invalid due to mid term cancellation or exclusion.
Four important points of the program are:
The policy warrants that a current certificate or completed telephone “check list” is on file for each and every vehicle brokered by the insured.
The policy excludes coverage for autos owned, leased or operated by the insured.
The policy will not apply if there is valid and collectible Auto Liability insurance/Cargo insurance of any nature.
The Contingent Cargo coverage does not provide broader coverage than the trucker’s motor truck cargo policy.

Excluded Commodities:
Explosives
Acids
Gasoline or liquefied petroleum gas
Limits:
Contingent Cargo
$100,000 Any One Occurrence (up to $500,000 optional)
$1,000 deductible

Territory:
All States Except - IL, KY and USVI
Form:
Occurrence

 

Contingent Cargo Legal Liability Insurance
for Brokers

This type of policy is designed to protect a transportation broker or freight forwarder against the liability assumed when making arrangements to move cargo for others.

Contingent Cargo Legal Liability provides coverage when a trucker's primary motor truck cargo policy fails to assume the responsibility for cargo loss or damage.

These policies respond to the legal liability that transportation brokers and freight forwarders assume under law.

*We advise you to carefully review each and every policy you choose to protect your business so that you fully understand the extent of coverage and your responsibilities under the policy. If you have any questions on the policy format or coverage you should forward your questions to your insurance agent, who either answer the questions or present them to the insurance company for a response.

 

Contingent Cargo with Transafe

  • Quick indications and quotes