As a common or contract carrier, you are responsible for the goods you transport. This exposure is covered by Motor Truck Cargo Insurance. This coverage protects you if you’re legally liable for damage, destruction, or other loss to a customer’s property while in your possession. The cargo policy can also contain provisions to insure the cargo when it is in your terminal or warehouse.
The Motor Truck Cargo Insurance policy can be, and usually is, tailored to meet your operations and exposure. Policies often contain significant exclusions that create many situations where there might be no coverage. The policy is purchased with a maximum load limit per vehicle. Under-insuring the load can prove catastrophic to you in the event of a claim.
A good insurance broker will ask you pertinent questions that properly address this concern.
Insure Big Rig Insurance can help you get a cargo policy with limits anywhere from $25,000 up to $5,000,000. Please complete our one page quick quote sheet for a quick premium indication or call us at (844) 235-9449 to speak to one of our licensed trucking agents.
No. As of 2011, the federal government no longer requires you to carry this coverage. Most shippers and freight brokers, however, will require you to have at least $100,000 in coverage.
Many insurance carriers have exclusions and limitations for “target” high-theft commodities such as consumer electronics, seafood and pharmaceuticals. Coverage for these commodities can typically be added for an additional premium.
Please complete our one page quick quote sheet for a quick premium indication or call us at (844) 235-9449 to speak to one of our licensed trucking agents.
DISCLAIMER: Coverages may vary by state and by insured business. Consult your agent about coverages you may need for your unique situation. Coverage descriptions above are for general information only. Actual coverage is subject to all terms, conditions and exclusions of the policy.