Your goal is to ensure that your cargo goes from point A to point B with the fewest issues in the trucking industry. Unfortunately, problems and accidents sometimes happen. You could lose thousands of dollars in cargo over an accident. To protect truckers and others in the transportation industry, transportation insurance programs are available.
Who Needs Transportation Insurance?
Two different parties may have an interest in transportation insurance. Often, the company that transports the goods holds the policy. However, the owner of the cargo can also purchase a policy.
Individual truckers, trucking fleets and others in the transportation industry are the most likely to require these types of policies.
What Type of Policy Do You Need?
Your policy depends on the type of cargo you transport and the risk involved with that particular cargo. For example, your policy could be for long-haul trips or local trips. Transportation insurance underwriters understand the unique risks that every trucking company has.
Accidents, theft and vandalism are a risk to all truckers who carry cargo any distance. The longer that you travel, the more opportunities there are for accidents to happen.
When it comes to the trucking industry, it is critical to be fully covered. If anything happens to the cargo while in transport, you could be held responsible.