International
Risk
Placement,
Inc.

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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.

    Contingent Cargo Liability Application

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