What CargoShield is
Primary cargo insurance provided on a broader Shipper’s Interest or “All-Risk” policy form. Coverage may be secured on a per-load basis, providing up to $100K in cargo coverage.
A stand-alone policy independent from the motor carrier’s insurance. In the event of a loss, the Broker/Shipper are in a first party position and do not rely on actions of the motor carrier to file claims.
A policy covering cargo loss due to “Acts of God”, unattended vehicles, theft, or loss from delay in transit.
What CargoShield is NOT
Contingent cargo, which requires the motor carrier’s claim to have been denied to even file a claim.
Spike, Excess or GAP. CargoShield is first-dollar coverage; it does not add to the motor carrier’s current coverage limit.
A Motor Carrier Legal Liability policy, which requires the loss to be due to the actions of the motor carrier.