Lockton vs 
Nationwide: How Do They Compare for Cargo and Transit Insurance?
What Is Lockton?
Lockton suits technology companies and larger businesses seeking a broker across cyber, D&O, property, liability and benefits; small firms wanting an instant standard quote should compare digital agencies. 1,2,3
What Is Nationwide?
Nationwide’s commercial catalogue includes common small-business policies and separate specialty products. A catalogue listing does not establish eligibility or policy terms; confirm the issuing company and coverage for your state and business. 6,7,8
What Is Cargo and Transit Insurance?
Cargo coverage fits a shipper protecting goods it owns or a carrier responsible for another party’s goods. The quote needs to match who bears the loss, the shipment route and storage stops. 10,11,12,13
Key Differences in Cargo and Transit Insurance
Range of Cargo Placements
Lockton lists cargo in transit, motor-truck cargo, warehouseman's legal liability, stock throughput, deterioration of perishable goods, and war, strikes, and terrorism risks as placement capabilities. Nationwide's overview describes motor-truck cargo protection for goods in transit, with collision, theft, and overturn as examples. Companies that store or transport perishable goods can ask Lockton about the relevant placement and insurer; Nationwide buyers should confirm whether warehouse periods and deterioration are part of their motor-truck quote. 4 9
Broker Role and Quote Process
Lockton's cargo and logistics team places coverage as a broker, and its public page starts with an inquiry rather than a self-service quote or bind flow. Nationwide directs prospects to an agent or quote request. Both require a placement conversation, but Lockton's list spans several cargo policy types and its terms depend on the insurer. Ask Lockton to identify the proposed market and ask Nationwide's agent to clarify whether the offered form is annual motor-truck cargo. 4 4 9
What to Confirm in Cargo and Transit Insurance Quotes
Review Scores
These averages can combine ratings for different products, locations, and customer groups, including approximate BBB grade conversions. Read each review for the sources, scope, and calculation.
Lockton
Review Score
3 rated sources
Lockton’s reviews vary by office and entity. Local Google-derived ratings provide some service feedback, but no reliable firmwide verdict.[2][6][7][8]
Read Lockton reviewsNationwide
Review Score
4 rated sources
Experts like Nationwide more than customers do. NerdWallet gives it 4.5 out of 5 for business insurance, while small-business customers on ConsumerAffairs give it 2.5 out of 5 from 19 reviews.[1][10]
Read Nationwide reviewsOffering Details
Lockton vs Nationwide: Cargo and Transit Insurance: documented features by provider
| Criteria | Lockton Cargo & Logistics Insurance Brokerage | Nationwide cargo transit (official overview) |
|---|---|---|
| Role in 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. 4,5Company-reported. Cargo & Logistics and Casualty product pages, U.S. site, as read 2026-09-23. | Nationwide describes offering cargo transit for the audience stated on the cited product page. 9Company-reported. cargo transit marketed by nationwide; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement. |
| Issuing Insurer | Neither page names the marine or cargo insurers Lockton places coverage with. The carrier depends on the specific placement. 4,5Not publicly disclosed. Cargo & Logistics and Casualty pages checked 2026-09-23. | Confirm in your quote. |
| Who It’s For | Confirm in your quote. | For-hire or private carriers and businesses moving goods, as described in the cargo section. 9Company-reported. cargo transit marketed by nationwide; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement. |
| Coverage Features | 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. 4Company-reported. Cargo & Logistics product page as read 2026-09-23. Not a summary of any one policy form. | The cited product page describes motor-truck cargo protection for goods and merchandise while in transit, including covered-peril examples such as collision, theft, or overturn. Marketing description only; actual coverage, exclusions, conditions, limits, and availability depend on the issued policy and jurisdiction. 9Company-reported. cargo transit marketed by nationwide; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement. |
| Limits and Retentions | Confirm in your quote. | The cited overview does not set a universal limit or retention for this line. Ask for the proposed policy form, limits, retentions, exclusions, and conditions in the quote. 9Not publicly disclosed. Only the cited marketing page was reviewed for published limit and retention information; no policy-form entitlement is inferred. |
| How to Apply | 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. 4Company-reported. Cargo & Logistics page as read 2026-09-23. No online quote tool was found for this line. | The page directs prospective customers to contact an agent or request a quote. The page does not establish a quote, bind, or coverage-effective timeline. 9Company-reported. cargo transit marketed by nationwide; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement. |
Full Comparison
More Lockton vs Nationwide Comparisons
Other Cargo and Transit Insurance Comparisons
Sources
Lockton
- Lockton United States. Lockton; Opening description of independent insurance brokerage for risk, benefits and retirement; Ask an Expert link to contact-us. Accessed 2026-09-16.
- Technology. Lockton; Industry introduction; cyber liability heading; dedicated technology team; listed services including claims advocacy, contract review, directors and officers liability, and international program design; 24/7 service model. Accessed 2026-09-16.
- US Terms of Business. Lockton; Opening entity definition; Surplus Lines; Use of a Particular Insurer; Compensation Disclosure; servicing, claims handling and renewal language in Confidentiality section; Intermediaries. Accessed 2026-09-16.
- Cargo & Logistics. Lockton; Risk management challenges intro; Wide array of experience: list of marine and cargo coverage areas (guaranteed outturn, bailees liability, motor truck cargo, carrier's legal liability, stock throughput, war and strikes risk, and more). Accessed 2026-09-23.
- Casualty Insurance. Lockton; Casualty Insurance Solutions list: Auto, Cargo, General & Product Liability, Umbrella & Excess Liability, Workers' Compensation; dedicated service team paragraph. Accessed 2026-09-23.
Nationwide
- Small Business Insurance. Nationwide; Small business products and solutions, lines 185–214: BOP, workers’ compensation, commercial auto, umbrella, EPLI, cyber and surety; purchase guidance lines 235–247. Accessed 2026-09-29.
- Small Business Insurance Solutions for Agents. Nationwide; Specialized small commercial solutions: BOP, auto, workers’ compensation, cyber, EPLI, umbrella, inland marine and professional liability; page states appetite varies by state, lines 129–163, 191–193. Accessed 2026-09-29.
- Terms and Conditions for Nationwide.com. Nationwide; P&C products not offered by all companies/states; policy/declarations control; NMI and affiliates may underwrite; each underwriter responsible for own products, lines 358–368 and 391–394. Accessed 2026-09-29.
- Insurance for Inland Marine – Nationwide. Nationwide; Motor truck cargo section; goods in transit and covered-peril examples. Accessed 2026-09-30.
Cargo and Transit Insurance Guide
- Commercial Insurance Guide. California Department of Insurance; Commercial Property; Inland Marine; What Should I Expect from a Broker-Agent. Accessed 2026-09-16.
- Shipping Options. International Trade Administration, U.S. Department of Commerce; Export Shipping Basics; Tips on International Shipping from U.S.; Working with Freight Forwarders. Accessed 2026-09-16.
- Special Documents. International Trade Administration, U.S. Department of Commerce; Insurance Certificate bullet. Accessed 2026-09-16.
- Motor Truck Cargo Legal Liability Coverage. American Association of Insurance Services, Inc.; hosted by National Unity; Coverage and Property Covered pp.1–2; Perils Excluded pp.6–7; Valuation p.8; How Much We Pay p.9; Transit definition p.13. Accessed 2026-09-16.
