What Hides Behind Contingent Cargo: Unveiling the Uncertainties in Logistics We weren’t able to create a summary for you. Refresh your page to try again. Transportation & Logistics Liability. What is ContingentCargo Liability Risk? This coverage is a newer offering in the insurance world, relatively speaking, and has been evolving since its first introduction in the 1980s. ContingentCargo Broad Form Policy. This contingentcargo coverage is required when a freight broker agrees to assume responsibility for cargo loss or damage that a motor carrier fails to pay. Contingentcargo insurance covers losses not included in primary cargo policies. Learn its benefits, coverage scenarios, and why businesses need this backup protection with Tata AIG! Contingentcargo insurance is designed to cover the value of your cargo should it be lost, damaged or stolen during transportation. In most cases, the insurance provider will cover you regardless of the mode of transportation - be it by land, rail, or sea. Typically, brokers use contingentcargo coverage. This insurance policy is “contingent” upon the carrier’s insurance. While the carrier may have coverage, you likely won’t know the quality of that coverage. Suppose the carrier’s insurance denies the cargo claim for whatever reason.