When acting as a property broker, the contract of carriage (bill of lading) is issued directly from the underlying asset-based carrier to the cargo owner. As such, the asset-based carrier is first in line for cargo loss and damage claims. Unfortunately, it is not uncommon for the carrier’s motor truck cargo policy to fail to pay a claim for various reasons. In this event, the cargo owner will often file against a property broker in an effort to collect on their claim. This is why as a property broker, you can benefit from securing a Contingent Cargo Liability policy, which will defend against the claim and pay settlements per the terms of the policy if ultimately ruled against your company.
Roanoke Trade can provide you with a Contingent Cargo Liability policy to protect against the liability you assume when making arrangements to move cargo for others. Coverage varies depending on the insurer so it’s wise to work with a specialist such as Roanoke Trade. Our staff has the expertise to determine the right policy and coverage for your needs.
Roanoke Trade: Providing Creative Solutions for Transportation Intermediaries and Logistics Service Providers
Roanoke Trade understands the intricacies of Cargo insurance and Transportation Liability for logistics providers, and is strategically positioned to guide you through this complex process. Find out how we can provide you with the insurance programs you need to be properly protected. Please contact us at 1-800-ROANOKE or complete the Contact form located above.