Sometimes called Contingent Auto Liability insurance or Freight Broker Auto Liability Coverage. It is a necessity to get contingent auto liability insurance, as you want as much protection as possible in a lawsuit.

Contingent auto liability insurance responds to defense costs from 1st dollar plus any judgment levied when a freight broker is named as one of the defendants in a lawsuit related to bodily injury or fatality claims when motor carriers they contract are involved in accidents and third parties are injured or killed.

Unlike other forms of insurance that typically have an “annual aggregate limit,” our primary freight broker Auto Liability policy covers up to $1 million per each occurrence. Having contingent auto liability insurance means you will be covered in a lawsuit where you are found liable, but you should make sure you are getting the right protection with very specific details.

The added value of Broker Shield is provided by LOGISTIQ on the strength of our national network of skilled and experienced lawyers specializing in defending freight brokers. If the need arises, your freight brokerage firm will have the most skilled and experienced team of lawyers available to defend against a lawsuit in any state.

The Freight Liability Extension attached to Broker Shield covers additional financial liabilities beyond those associated with cargo. These could include pollution cleanup or associated fines, libel and slander, fraud committed by employees, infringement of another company’s intellectual property rights or fines issued for breaking the laws or regulations surrounding the movement of freight.

This aspect of Broker Shield coverage offers a total response to the legal liability a domestic freight broker may be exposed to during regular business. Broker Shield includes a provision called “duty to defend”. This defense provision is a critical factor as the policy deductible does not apply to this cost. All attorney costs are paid. Working in conjunction with the most knowledgeable legal teams across the country, we ensure that you receive specialized defense support from attorneys who are focused on representing domestic freight brokers.

Broker Shield includes Broad Form Contingent Cargo Insurance, coverage that is required when a freight broker assumes responsibility for lost cargo or damages that the motor carrier has not paid.

When a freight broker gets into a contract, the document should be carefully reviewed to establish whether the freight broker is assuming liability under D.O.T. Domestic Freight Broker authority. These contracts can contain indemnity clauses that could cause you to be responsible for a cargo claim should the trucker fail to pay that claim. Contingent cargo coverage under this insurance is available for FTL (Full Truck Load) shipments under most circumstances. However, it should be pointed out that some types of high-risk cargo — such as alcohol, tobacco, expensive electronics, cell phones, copper and other non-ferrous metals — require a broader form of cargo insurance in conjunction with a strategic risk-management program designed to reduce theft.

Unlike the Cargo Legal Liability policy, contingent cargo insurance is a critically important and more customer service-friendly form of cargo coverage for customers that may demand reimbursement for any cargo loss or damage irrespective of who is liable.

Excess Auto Liability coverage is offered to complement the primary freight broker auto liability policy.

Excess liability coverage adds an extra layer of protection on top. Limits purchased should be driven by the financial size of your operation or formal agreements with shippers, and it may well be worth paying for given the fact that lawsuits are becoming more common and more expensive.

LOGISTIQ offers additional liability coverage of up to $25,000,000. Given the current insurance market, this is likely to be the highest limit available for Domestic Freight Broker’s Auto Liability.

Errors & Omissions responds to the legal liability for financial loss (not limited to the value of the cargo) incurred by a freight broker’s client caused by the freight broker’s negligence, error or omission in the normal course of providing domestic freight broker services. First dollar defense is provided under this line of coverage as well.

Third parties sometimes enter the premises of the broker. This is routine and part of the business, but they may still become injured when they do so. Lawsuits can arise and general liability insurance covers this. Broker Shield includes a General Liability policy that is intended to respond to the financial risk that can be assumed for third-party bodily injury claims occurring on your premises.

General liability coverage is one of the most important types of insurance you can get, no matter the size of your operation.

Moving freight with LTL (Less Truck Load) Motor Carriers necessitates a broader form of Shipper’s Interest coverage than what is typically provided. LOGISTIQ can set up a Shipper’s Interest cargo program in which insurance coverage is purchased on a per-shipment basis where costs for the coverage can be passed on to owners of the cargo for those who desire full replacement cargo coverage protection. We offer a web-based insurance platform that allows coverage to be put in place instantly.

As a cargo insurance provider, LOGISTIQ can place cargo protection for high-risk cargo, as long as proper security is in place during the movement of the freight. Freight Brokers who move higher risk cargo will not typically qualify for a Contingent Cargo Broad-form insurance policy, but need a primary cargo program in which adequate security must be present while moving freight.