Commercial carriers are required by law to have carrier liability insurance. Since this insurance provides limited coverage, and because cargo can be damaged in many different ways, most shippers request cargo insurance to protect their goods from damage, loss, or theft during transit. Commercial trucking insurance, on the other hand, is essential coverage for a business or owner-operator providing trucking services.
Cargo insurance provides protection against risk of loss or physical damage to freight during shipping, from any external cause, by land, air, or sea. Different types of cargo insurance policies are available, including the following.
Options for commercial truck insurance vary depending on the type of truck, the types of goods carried, the risks incurred, and the driver’s years of experience. A commercial trucking business insurance package is likely to include several different types of coverage, including:
Cargo insurance provides added value. It is a cost-effective way to protect yourself and your customers against loss of or damage to goods in transit. If your trucking company carries cargo, speak with our knowledgeable agent about recommended options for a commercial trucking business insurance package to match your needs.