contingent cargo liability insurance
Contact an agent who deals with logistics insurance to learn more about this product and to determine how much coverage your operation needs.

Insurance for Your Reputation

There are many different people involved in the process of getting cargo safely from one place to another. There are also many things that can go wrong along the way. Logistics insurance, in general, is concerned with covering these losses so no single organization or individual is faced with a major liability. Contingent cargo liability insurance is specifically suited for freight agents. Its purpose is to cover them when other insurance measures, held by other entities, fail to adequately address a loss situation. The difference between cargo and contingent cargo liability is in the organizations that hold each policy. Cargo insurance is broad coverage carried by shippers. This is often sufficient in resolving conflict, so agents should feel confident in referring any initial claims of loss to the freight company. However, certain situations won't be covered by freight insurance. That's when contingent cargo liability insurance comes in. Clients often turn to their freight brokers for resolution of issues involving loss of cargo that can't be resolved through other means. As an agent, you may want to have the ability to cover a loss, even if you were never strictly liable for the cargo. That's because your reputation depends on being able to recommend and oversee a safe shipping process. Contingent cargo liability insurance makes sure that, even if you're unable to follow through on a guarantee of safe transit, you can mitigate the loss to your clients and prevent damage to your reputation. Contact an agent who deals with logistics insurance to learn more about this product and to determine how much coverage your operation needs.

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