Contingent Cargo Insurance-Contingent Cargo Insurance

Video Transcription

Video Summary

In today's webinar on Contingent Cargo Coverage, Ben Armistead from Greenwich Transportation Underwriters provided a comprehensive overview of the logistics industry, emphasizing truck brokers and freight forwarders. Ben discussed the importance of understanding contingent cargo coverage, which is a form of insurance that responds when primary coverage fails to pay for a loss. The webinar covered various topics, including the size and dynamics of the logistics industry, the role of truck brokers and freight forwarders, the challenges in underwriting cargo insurance, and the need for contingent cargo coverage. Ben highlighted the complexities of underwriting logistics operations, such as carrier selection, target commodities, and contractual responsibilities. He also touched on the importance of addressing excess losses and adjusting policies based on actual shipment values. Additionally, Ben addressed common claims issues, such as unattended vehicle exclusions, spoilage, and the need for errors and omissions coverage for logistic providers. The webinar provided valuable insights and raised important considerations for those involved in the contingent cargo insurance industry.

Asset Caption

Date of Publication: June 22, 2016
Duration: 1 hour

This webinar examines contingent cargo insurance in relation to logistics, contingent auto liability, imposter theft and errors & omissions.

Meta Tag

Module Transportation

Keywords

Contingent Cargo Coverage

Logistics Industry

Truck Brokers

Freight Forwarders

Insurance

Underwriting

Carrier Selection

Cargo Insurance

Claims Issues

Errors and Omissions Coverage