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! What hasn’t changed about contingentcargo is it’s unregulated—there’s no standard form and policies can vary by provider. Because of this lack of standardization, it’s important to read the fine print and understand exactly how contingentcargoprotects you. The process of obtaining a contingentcargo insurance plan starts with the shipper. The supplier of the product or shipment often outsources their deliveries to a third-party carrier. This carrier might use boats, air transport, or trucks to move the shipment. Factors Influencing Your ContingentCargo Insurance for Freight Brokers Cost. Why does one broker pay $1,200 while another pays $2,500? Insurance companies use a variety of “rating factors” to determine your risk level. Contingentcargo insurance is meant to cover goods should they be lost or stolen during transport. Coverage can also protect you from fees and expenses incurred by the owner due to your legal liability in the transportation of those goods, as well as costs to defend and mitigate the claim. Learn about ContingentCargo Insurance, a vital protection for freight forwarders and logistics companies. Discover how it covers gaps. Typically, brokers use contingentcargo coverage.