If you’re in the transportation industry, whether as a trucker or a contractor, you already know that cargo is your lifeline. But what happens when your cargo is damaged, lost, or stolen? That’s where cargo insurance comes into play. Today, I’ll walk you through the ins and outs of cargo insurance, what it covers, what it doesn’t, and why it’s an absolute must-have for your business.
Cargo insurance is designed to protect the freight you transport from unexpected losses. Whether you’re hauling electronics, construction materials, or perishable goods, cargo insurance ensures that you’re covered in case of accidents, theft, or natural disasters.
A good cargo insurance policy typically covers:
While cargo insurance is extensive, it doesn’t cover everything. Some common exclusions include:
One of our clients, a long-haul trucker, was transporting a shipment of electronics from California to Texas. Halfway through the trip, his trailer was broken into at a rest stop, and a significant portion of the cargo was stolen. Fortunately, he had a cargo insurance policy in place, which helped him recover the value of the lost goods and continue his business without major financial strain.
If you’re moving freight, cargo insurance isn’t just a safety net—it’s a necessity. Without it, a single accident or theft could lead to thousands of dollars in losses. By having a robust policy, you can protect your business, maintain your reputation, and ensure that you’re always covered no matter what the road throws at you.
At InsuranceIsland, we specialize in helping truckers and contractors find the right cargo insurance for their specific needs. If you want to learn more, reach out to us—we’re here to keep your cargo safe and your business running smoothly.
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