Motor Truck Carrier Cargo Insurance in Fort Myers, Miami and Surrounding Areas
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Motor Truck Carrier Cargo Information
Trucking companies must protect themselves and their commercial assets. However, they must go a step further, too. The cargo and freight in their care might not belong to them, but it is their responsibility. Should something happen to it, then they could owe a lot of people a lot of money.
To adequately protect your shipping company’s liabilities for cargo, you will need cargo insurance. Still, not just any plan will do; you must tailor your coverage to the specific assets in your care. With the help of People Trucking Insurance, you’ll be able to work out what coverage is most essential for you, and we’ll make sure your benefits are supplied by a highly rated yet affordable carrier.
For more information, call us at (888) 995-8986 or request a quote below:
Common Cargo Insurance Questions
Incalculable amounts of freight and goods travel over America’s roadways each day. They are bound for businesses of every shape and size or they represent the personal goods of countless American families. Your job as a trucker is to get your shipments between Point A and Point B without a problem.
However, wrecks, theft or other damaging hazards could strike at any time. When they do, someone else’s belongings could wind up damaged. Because those items were in your care, it might be your responsibility to pay for the losses.
Motor truck cargo insurance will guarantee that you can do so without the hassle and expense of paying out of your company’s pockets. Coverage is a stabilizing benefit that protects both trucking companies and their clients from costly losses.
Any cargo damage or loss might harm not only the trucking company, but also to the customer. Cargo insurance, also called charge coverage, will help you compensate the client for their losses. Usually, your plan will cover most shipments, from perishable goods to household goods, so long as you have designed your policy appropriately.
Most plans will pay following numerous hazards, including:
- Severe Weather Damage
- Theft & Vandalism
- Riots/Civil Unrest
Besides the damaged cargo itself, your plan might also pay for:
- Sue and Labor Costs: If a problem occurs (or is at risk of occurring), you might have a duty to take all reasonable steps to continue to protect the cargo in your care. This coverage helps you pay the expenses to do so.
- Earned Freight Losses: You can use this benefit to reimburse the freight charges that the customer paid you to deliver the load.
- Legal Expenses: A liability lawsuit might arise over damaged cargo. Your insurance coverage can help you pay for your own defense costs and reimburse the claimant for theirs, if necessary.
- Removal Costs: Should a wreck cause your cargo to spill into the roadway or local environment, this coverage can pay for the cleanup.
However, exclusions and limitations will mean that not all types of cargo will have coverage, nor will all perils, either. But People Trucking Insurance’s agents are knowledgeable in all types of cargo coverage. We can help you adapt your plan appropriately to ensure you receive the right benefits at the right time.
Most of the time, truckers must carry at least $100,000 in charge coverage. However, this coverage might not be enough for the full value of the cargo in your care. As a result, you might need to increase your coverage.
Additionally, clients should consider investing in freight insurance, which is coverage that they buy separately from the carrier’s coverage which also insures the value of their cargo. This is often much more targeted than the charge coverage your trucking company might have. However, it is not an excuse for you not to carry coverage.