Contingent Cargo Insurance and Freight Liability Insurance
Contingent Cargo Insurance and Freight Liability Insurance is designed to respond to the “legal” liability incurred under law by a domestic Freight Broker. “Duty to Defend” and in many cases the policy deductible does not apply to defense cost while attorney fees are paid from 1st dollar. Fisher Insurance has access to Carriers who work with some of the most experienced attorneys in the country who specialize in representing Domestic Freight Brokerage operations.
While Freight Liability covers “other” financial perils that occur beyond liability to the cargo such as pollution cleanup expense/fines, libel and slander, fraud by an employee and fines arising from a breach of law or regulation relating to the movement of freight – Broad Form Contingent Cargo Insurance responds when a Freight Broker like Fisher Shipping agrees to assume responsibility for cargo loss or damage that a motor carrier fails to pay. Often times contracts indicate that Freight Broker will assume responsibility for a cargo claim should the trucker fail to pay for loss or damage associated with the freight.
Fisher Insurance will quickly respond to inquires while providing the best in customer service.
- Freight Broker Professional Indemnity (Defense) – Provides defense and indemnity coverage to protect the Freight Broker when drawn into litigation by 3rd parties, due to financial losses as a result of the Freight Brokers negligence, error or omission.
- Freight Broker Cargo Legal Liability (Defense) – Provides defense and indemnity coverage to protect the Freight Broker when drawn into litigation by 3rd parties, due to cargo loss or damage.
- Freight Broker Auto / Third Party Legal Liability (Defense) – Provides defense and indemnity coverage to protect the Freight Broker when drawn into litigation, as a result of Bodily Injury, Death, or Property damage.
- Freight Broker Commercial General Liability (Defense) – Provides defense and indemnity coverage to protect the Freight Broker when drawn into litigation, as a result of Bodily Injury, Death, or Property damage, which allegedly occurred on the covered premises of the Freight Broker.
- Freight Broker Contingent Cargo (Broad Form) – Responds to physical loss of or damage to cargo that is under the care, custody and control of the Motor Truck Carrier, when the Motor Truck Carrier’s Insurer fails to respond.
- Freight Broker Excess Liability – Provides increase limits to Freight Broker Professional Indemnity, Freight Broker Auto/Third Party Legal Liability, or Freight Broker Commercial General Liability.
- All Risk Shipper’s Interest – Provides primary cargo coverage that responds to the physical loss or damage to cargo. Claims under this policy can be settled directly with the Insurers without having to first collect on a cargo claim.