Embedded IC coverage
Auto Liability & Cargo
Embedded cargo coverage for your contractors.
Motor truck cargo coverage embedded for your independent contractors. Each contractor is the insured, enrolled through your platform. Offered through Parallax Insurance Services, placed through Arthur J. Gallagher and underwritten by Lloyd's of London. Subject to underwriting.
What your contractors get
A+ (Superior) carrier.
Lloyd's of London, rated A+ by AM Best.
$10K per vehicle.
Each contractor's vehicle covers customers' goods in transit, $500 deductible.
High-theft goods covered.
Garments, electronics, alcohol and pharmaceuticals.
Legal defense included.
Defense costs don't reduce the contractor's cargo limit.
Late-delivery costs covered.
Up to $5K in contract penalties and $5K to expedite.
Loading and dock damage.
Goods damaged while loading, plus $5K for a dock.
Maximize your cargo limit
Offer contractors a $25K per-vehicle limit for higher-value loads, with the same deductible and extras.
Standard
$10K per vehicle, per occurrence.
Upgrade
$25K per vehicle, per occurrence.
High-theft goods
Covered up to your chosen limit.
Why you need it
Your contractors are protected.
Responds to covered loss or damage in transit, from pickup to delivery.
Claims are handled for them.
The carrier investigates, settles and defends covered claims.
Your business is protected.
Each contractor carries their own cargo policy, so a loss isn't on your platform.
How it works
- 1
Quote
Send driver counts and settlement data. Most quotes return in a few days.
- 2
Enroll
Sign the program application and pick a limit. Contractors are enrolled and covered from your effective date.
- 3
Report
Report your exposures and we handle the rest.
- 4
Claims
Submit the claim to GigSafe. Notify police if goods are stolen.
Filing a claim: Have the bill of lading and photos ready.
Underwriting criteria
Common questions
When is cargo covered?
From the moment goods are accepted at pickup, through normal stops, until they're delivered to the consignee.
What goods aren't covered?
Art, jewelry and precious metals, money and securities, furs, animals, contraband, and spoilage of perishables. Vehicles and trailers aren't covered.
Who is the insured?
Each enrolled independent contractor. Your platform runs the program but isn't the policyholder.
What if a package is short?
Shortages are covered only if the package was broken into while in your contractor's care.
Where does coverage apply?
The United States, its territories and possessions, Puerto Rico and Canada.
Notes
- 1 Written by Certain Underwriters at Lloyd's, London as surplus lines (non-admitted) coverage.
- 2 Covered from the time goods are accepted from the shipper until delivery to the consignee.
This page is a summary, not a policy. Coverage is subject to underwriting and to the terms, conditions and exclusions of the policy issued.
Ready to get Auto Liability & Cargo?
A Parallax specialist reviews every application and follows up with your quote.