Contingent Cargo Liability

Contingent Cargo Liability coverage provides investigation, indemnity and defense  to a truck broker for third party claims. An example of where coverage applies will be a case which the truck broker relies on the validity of a certificate of insurance received from the trucker and which turns out to be bogus.  A claim ensues and the truck broker is brought into a claim resulting in a suit. The Contingent Cargo Liability policy will provide investigation, indemnity, and defense for a covered claim.
 

Our program provides the truck broker with limits of:
 

            a) $100,000 any one loss subject to a $1,000 deductible
 

            b) $250, 000 any one loss subject to a $1,000 deductible
 

            c) $500,000 any one loss subject to a $1,000 deductible
 

            d) $100,000 any one loss subject to a $1,000 deductible each and every loss except in respect of Refrigeration
                 Breakdown claims wherein the deductible is $2,500 any one loss.
 

            e) $250,000 any one loss subject to a $1,000 deductible each and every loss except in respect of Refrigeration
                 Breakdown claims wherein the deductible is $2,500 any one loss.
 

The Contingent Cargo Liability program has to be written in  conjunction with the Contingent Automobile Liability programs for those  accounts with an annual revenue exceeding $5,000,000. 

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Cont Auto, Cont Cargo, GL, BC, PL and S&P Buyback App (pdf)

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