The Ins and Outs of Cargo Insurance

Cargo Insurance

If you own a trucking business, it is important that you obtain the necessary protections in case something goes wrong.  Part of this is having the proper insurance.  You need liability insurance in case you injure someone or damage their property in an accident and you also need cargo insurance to protect the goods you are transporting.

What is Covered by Cargo Insurance?

Cargo insurance helps to protect the cargo you are transporting from a variety of different things.  Your cargo will be insured if it is lost or damaged due to a fire, an accident, or even vandalism/theft.  Many companies will even offer compensation for the cost of the cleanup if your cargo ends up on the road due to an accident.

Cargo insurance can be obtained for a variety of different trucks.  Some of these include:

  • Dump trucks
  • Tractors
  • Semi-trailers
  • Cement mixers
  • Car transporters

What is Not Covered by Cargo Insurance?

While cargo insurance is available for a wide variety of vehicles, there are some exceptions.  These are:

  • Garbage trucks
  • Limos
  • Hearses
  • Buses
  • Passenger vans
  • Ice cream trucks

Additionally, not all cargo is able to be insured.  Some of the cargo exceptions include:

  • Live animals
  • Explosive/radioactive materials
  • Art
  • Jewelry
  • Money

As the owner of a trucking business, your top priority is that your cargo reaches its destination safely.  Having good cargo insurance can make a huge difference!