11/13/2026
📚 GLOSSARY FRIDAY: Spike Coverage
What it is:
Spike coverage, also called single-load excess cargo coverage, is temporary insurance that sits on top of your existing cargo policy. It raises your limit for one shipment or a short period when exposure goes above normal levels.
When it’s needed:
🔹 A single high-value load that exceeds your standard cargo limit
🔹 Seasonal peaks when shipment values temporarily rise
🔹 A one-off contract or customer with unusually valuable freight
Example:
A carrier’s cargo policy covers up to $100,000 per load. A shipper books a load of electronics worth $160,000. Instead of raising the limit on the whole policy, the carrier adds spike coverage for the extra $60,000, for that load only.
Why it matters:
Without spike coverage, operators either pay year-round for limits they rarely use or leave high-value loads underinsured.
💡 With Bridge Cover, Powered by Redkik, logistics operators can access gap, excess and spike coverage from our insurance partner, Fortress Logistics Insurance, right when they need it.
Which term should we cover next? Drop it in the comments 👇