Core Courses

Hauling the Freight: Cargo Risks and Insurance

Course Details

This course is not subject to discount pricing.

Additional Credit Available:

Optional Insurance CE
Optional CPA CPE

Delivery Method: 


PDF Download: 


Provider of Record: 


Field of Study: 

Management Services

Exam Requirements

Proctor Required: 


Passing Grade: 






Please note: Adding Additional Credit may change exam requirements.

Course Description
Several different types of insurance are designed to protect property while it is in transit from one place to another by land, sea, and air. This course examines the key provisions found in the major types of transportation insurance, using illustrations of sample policy language from American Association of Insurance Services forms, Insurance Services Office, Inc., forms, or forms offered by other inland marine insurers. Ocean marine insurance on cargo will also be discussed. Ocean marine insurance forms include unique terminology and coverage.

The course begins by explaining in general terms associated with transportation exposures and coverages. It then discusses the motor track cargo and owners cargo forms, before dealing with the three types on insurance a shipper may use and the two types of insurance used to insure exposures to loss of others’ cargo. Detailed discussions of motor truck transportation, ocean marine insurance, and other insurance used to cover cargo transported by ship, air, and rail are included in the course.

Learning Objectives
This is an intermediate-level course. Upon successful completion, students  will be able to:
  • recognize the definitions of key transit terms
  • distinguish between the meanings and implications of various terms of sale
  • identify and compare the responsibilities of motor carriers and shippers
  • identify the defenses that the Carmack Amendment provides to many carriers
  • identify the major types of insurance available to cover property in transit
  • distinguish between the implications of various insurance concerns involving cargo in transit
  • recognize the coverages and coverage alternatives commonly found in motor truck cargo policies, motor cargo policies, annual transit policies, trip transit policies, and policies providing mail coverage
  • identify the types of activities in which transportation brokers engage and recognize the coverages and coverage alternatives commonly found in contingent motor cargo policies
  • identify the types of activities in which warehouses may engage and recognize the coverages and coverage alternatives commonly found in warehouse operators legal liability policies
  • recognize the unique characteristics of ocean marine insurance
  • recognize the insurance implications of various terms of purchase (Incoterms) to which oceangoing cargo may be subject
  • recognize the implications of clauses commonly found in ocean marine policies
  • distinguish between the distinctive characteristics of air carriers’ insurance on cargo
  • identify the key features of railroads’ cargo insurance

A basic understanding of motor carrier/trucking exposures and insurance coverage.

CPE Field of Study

Management Services

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International Risk Management Institute, Inc. (IRMI), is the premier provider of risk and insurance continuing education and reference services. IRMI was the first publisher of reference content covering the field of risk finance in 1983 with the publication of Risk Financing, a comprehensive reference resource on all aspects of traditional and alternative market approaches. IRMI is also publisher of the first newsletter to cover the field of captives, Captive Insurance Company Reports; two comprehensive books on the subject of captive insurance; and, the first and foremost information resource and networking center on the Internet for the alternative market. Use the knowledge you gain from IRMI CE courses with confidence, knowing they are written by seasoned risk and insurance professionals who employ diligent quality assurance standards to provide the most up-to-date, practical, and reliable information possible.