Contingent Cargo Insurance protects freight brokers, logistics providers, shippers, transportation intermediaries, and supply chain organizations against financial losses arising when a contracted carrier’s cargo insurance is insufficient, invalid, or unavailable following loss or damage to goods in transit.

Coverage is designed to support financial stability and operational continuity when cargo exposures extend beyond the responsibility or coverage limits of third-party carriers.

Coverage typically responds to losses involving theft, physical damage, spoilage, miss-delivery, collision, fire, or transportation-related incidents affecting goods while in the custody of contracted carriers, subcontractors, or transportation providers.

Coverage may also include protection for:

• Cargo loss or damage involving contracted carriers or subcontractors

• Coverage gaps arising from inadequate or denied carrier insurance

• Transportation and logistics-related liability exposures

• High-value, temperature-sensitive, or time-sensitive goods in transit

• Legal defense costs, investigations, and recovery-related expenses

• Coverage supporting domestic and multinational transportation, logistics, and supply chain operations

For organizations operating across multiple jurisdictions, coverage may be coordinated through a Controlled Master Program (CMP), such as the WMB Global Risks Global Master Program, with locally admitted policies where required to support coordinated cargo protection, regulatory compliance, and consistent coverage standards across jurisdictions.

Contingent Cargo Insurance is designed to help organizations manage transportation and supply chain risks, protect goods in transit, and maintain continuity when carrier-related coverage gaps or cargo losses occur.

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