A Quick Guide to Trucking Coverage

As an owner/operator or operator of a commercial transport vehicle, considering the need for cargo and liability insurance is important to keeping your customers happy and your products safe. Although federal regulation requires a minimum amount of insurance coverage, check to be sure you are covered in these possible scenarios.

Your trailer is left unattended while at a rest stop and the contents are stolen.

A third-party individual jumps up onto a forklift to help you unload and while doing so damages the load.

Your load shifts and suffers damage after involvement in an accident that is no fault of yours.

Damage occurs due to water damage, equipment failure or refrigeration malfunctions while in transit.

Some policies of cargo and liability insurance include the funds to contain pollution or hazardous material spills after an accident, as well as debris cleanup costs if the damage to the trailers spills out the contents. When you research your options with cargo insurance, consider the extra costs that may be associated with accidents or incidents. It is possible to find endorsements for the following scenarios, giving your comprehensive coverage.

Towing costs

  • Replacement income for covered cargo loss
  • Fire department surcharges for cargo fires
  • Traffic control or security associated with accidents
  • Costs associated with data reports for inventory loss or cargo loss appraisals