Insurance Solution

Contingent Cargo

Insurance for Freight Brokers – $875 Annually

  • Protect Your Brokerage When Carrier Coverage Falls Short

  • For freight brokers working with independent motor carriers, contingent cargo insurance is a critical layer of protection. When a carrier’s primary cargo policy is delayed, denied, or insufficient, this coverage helps safeguard your business and maintain shipper confidence.

  • What Is Contingent Cargo Insurance?

  • Contingent cargo insurance provides protection to freight brokers if a carrier’s cargo policy fails to respond to a covered loss, including theft, damage, or shortage during transit. It acts as a backup solution, ensuring claims can still be addressed when primary coverage does not apply.

  • Why Contingent Cargo Insurance Is Essential for Freight Brokers

  • • Many shippers now require brokers to carry contingent cargo coverage before doing business
  • • Carrier cargo policies may have coverage gaps or commodity exclusions
  • • Claims can be denied due to driver error, policy limitations, or filing issues
  • • Even when a carrier is at fault, brokers are often held responsible by shippers

Contingent cargo insurance helps protect your reputation, your contracts, and your financial stability.

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$875/per year

  • Annual premium: $875
  • Coverage limits available: $100,000 – $1,000,000
  • Easy underwriting process
  • Fast approvals (same day)
  • Unlimited claims support
  • Dedicated account manager
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Got Questions?

Frequently Asked Questions

Quick answers to the most common questions about Contingent Cargo Insurance for freight brokers.

Contingent Cargo Insurance protects freight brokers when a carrier’s primary cargo insurance fails, is insufficient, or denies a claim. It provides an extra layer of financial protection for the broker.

No. Contingent Cargo Insurance does not replace the carrier’s primary cargo insurance. It acts as secondary coverage and responds only when the carrier’s policy does not cover the loss.

Many shippers require brokers to carry Contingent Cargo Insurance. If a carrier’s claim is denied, the broker may still be held responsible. This insurance helps protect brokers from unexpected financial and legal risks.

Coverage depends on the policy, but it commonly includes:
  • Cargo damage
  • Theft
  • Shortage
  • Certain negligence-related losses when the carrier’s insurance does not respond

No. Contingent Cargo Insurance is generally affordable and available in annual plans. It is a cost-effective way for freight brokers to protect their business and maintain shipper confidence.

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