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Freight Insurance

Shippers seek to maintain the integrity and value of their goods and cargo from its origin through the logistical chain to its destination. Part of that process involves relying on a carrier for transport and potentially relying on the carrier’s coverage in the event that cargo is damaged, stolen, or otherwise lost. Freight insurance, also known as cargo insurance or goods-in-transit insurance, grants protections beyond the compulsory liability coverage possessed by carriers, thereby mitigating a shipper’s commercial risks. To get a free quote on freight insurance, submit a request through our LaunchPad quote system.

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Freight Liability vs Freight Insurance

To understand the importance of freight insurance, we have to also understand freight liability coverage (also known as carrier liability). By law, carriers are required to hold some degree of coverage to account for their operating liability. Those requirements vary based on things like what they’re moving, how they’re moving it, and more. This ultimately amounts to an obligation of a certain dollar amount of coverage per pound of freight. While this coverage does allow carriers to pay shippers in the event of a loss, it only applies in instances of mishandling, negligence, or other error on the part of the carrier. It does not apply if the loss is related to:

  • An act of God
  • An act of a public enemy
  • An act of the shipper
  • An act of the authorities
  • The inherent nature or vice of the goods themselves

The Launchpad Quote System

Better
Technology

321 LaunchPad is changing how businesses discover and qualify insurers, connecting thousands of businesses to one of hundreds of agents & carriers

Better
Process

Our entire business was built to save time and reduce uncertainty in the commercial insurance application process

Better
Coverage

Our commercial insurance specialists educate customers on coverage options that are a proven fit for the business
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Something many businesses don't know is that commercial insurance carriers have preferences for which types of businesses they insure.

The problem for most business owners is that they don't know which carrier is the best fit for their business, leading to high premiums or declined applications for coverage .

The 321 LaunchPad is connected to the largest network of commercial insurers available anywhere. We match your business with a qualified insurer so you get the right coverage for a fair price.