What Are the Key Differences Between Founder Shield and Lockton Cargo and Transit Insurance?
One Named Transit Product Versus Many Placeable Lines
Founder Shield presents Transit & Transportation Insurance as a product covering cargo, company vehicles and transportation liability. Lockton presents a capability list it can help place—cargo in transit, motor truck cargo, warehouseman’s legal liability, stock throughput, deterioration of perishables, and war, strikes and terrorism—not a specimen form. Founder Shield’s coverage sentence is a product description; Lockton’s list is what its Cargo & Logistics team says it can shop. [5] [8]
Rating Floor Versus Unnamed Marine Markets
Founder Shield says it works exclusively with AM Best A- or better carriers matched by industry appetite. Lockton’s cargo and casualty pages do not name marine or cargo insurers. Both are brokers: Founder Shield as Baldwin Group’s innovation-arm retail shop, Lockton as a Cargo & Logistics team inside Casualty Insurance Solutions. [4] [3] [8] [9]
Website Request Versus Contact Form
You request Founder Shield coverage on its site or through an advisor, and the placement team approaches carriers. Lockton’s Cargo & Logistics page routes to a contact form rather than a self-serve quote. Founder Shield names shippers, carriers, logistics firms, manufacturers, distributors and 3PLs; Lockton’s reviewed pages do not publish an eligibility list for this line. [3] [5] [8]
What Should You Confirm in Founder Shield and Lockton Cargo and Transit Insurance Quotes?
- Ask Founder Shield whether vehicle damage is on the same policy as cargo. [5]
- Ask Lockton which of warehouse legal liability, stock throughput, perishable deterioration and war risk are on the placement. [8]
- Confirm the issuer and AM Best rating on Founder Shield’s quote and the issuer on Lockton’s. [4] [8]
- Get limits from both; neither reviewed page publishes them. [5] [8]