When acting as a property broker, the contract of carriage (bill of lading) is issued directly from the underlying asset-based carrier to the cargo owner. As such, the asset-based carrier is first in line for cargo loss and damage claims. Unfortunately, it is not uncommon for the carrier’s motor truck cargo policy to fail to pay a claim for various reasons. In this event, the cargo owner will often file against a property broker in an effort to collect on their claim. This is why as a property broker, you can benefit from securing a Contingent Cargo Liability policy, which will defend against the claim and pay settlements per the terms of the policy if ultimately ruled against your company.
Roanoke can provide you with a Contingent Cargo Liability policy to protect against the liability you assume when making arrangements to move cargo
