Founder Shield vs Lockton Cargo and Transit Insurance

Founder Shield is a retail insurance brokerage, described on its site as “the innovation arm of The Baldwin Group,” and places Founder Shield Transit & Transportation Insurance with third-party carriers rather than underwriting the policy itself. ⁷Company-reported. About-us page; applies to Founder Shield's brokerage model generally, restated here for this line.

Lockton's Cargo & Logistics team places marine and cargo coverage for companies that ship goods; it sits alongside auto, general/product liability, umbrella and workers' compensation under Lockton's broader Casualty Insurance Solutions. Lockton is the broker arranging this coverage, not the insurer. ^11,12Company-reported. Cargo & Logistics and Casualty product pages, U.S. site, as read 2026-09-23.

Founder Shield says it places policies, including Founder Shield Transit & Transportation Insurance, only with carriers rated A- or better by AM Best, chosen for the client's industry. It does not name the issuing insurer for this line; that depends on which carrier the policy is placed with. ³Company-reported. General carrier-selection FAQ, not specific to this line's placements.

Neither page names the marine or cargo insurers Lockton places coverage with. The carrier depends on the specific placement. ^11,12Not publicly disclosed. Cargo & Logistics and Casualty pages checked 2026-09-23.

Founder Shield markets this coverage to shippers and carriers, logistics companies, manufacturers and distributors that ship products, and third-party logistics (3PL) providers. ⁶Company-reported. Transit & Transportation product page.

Not described in the reviewed sources.

Founder Shield describes the policy as covering cargo damage, loss or theft in transit, damage to company vehicles, and third-party liability from transportation operations, distinct from what a commercial auto policy alone would cover. ⁶Company-reported. Product page; the issued policy and declarations control actual coverage.

Lockton lists cargo and marine coverage areas it can help place, including cargo in transit, motor truck cargo, warehouseman's legal liability, stock throughput, deterioration of perishable goods, and war, strikes and terrorism risk. This is a capability list, not a specimen policy; actual terms depend on the placing insurer. ¹¹Company-reported. Cargo & Logistics product page as read 2026-09-23. Not a summary of any one policy form.

Founder Shield's page does not publish specific limit or deductible figures for this line; it says coverage limits should align with the value of the goods and vehicles being transported. ⁶Not publicly disclosed. Transit & Transportation product page, checked 2026-09-23.

Not described in the reviewed sources.

You request Founder Shield Transit & Transportation Insurance through Founder Shield's website or an insurance advisor rather than binding coverage directly; Founder Shield says its placement team then approaches carriers on the client's behalf. ^7,3Company-reported. About-us and carrier-selection pages describe the general placement process, not a line-specific application form.

Public engagement starts as an inquiry: the Cargo & Logistics page routes buyers to a contact form rather than a self-serve quote or bind flow. ¹¹Company-reported. Cargo & Logistics page as read 2026-09-23. No online quote tool was found for this line.