Cargo insurance covers any damages that may occur to the cargo that you are hauling. It can also cover any losses.
However, cargo insurance varies, depending on your policy. Because of this, you need to read it carefully. Some don’t cover any losses that occur while you leave your truck and trailer unattended (at a rest stop).
While some owner-operators and other commercial trucking companies won’t carry cargo insurance, there are plenty of reasons why you should.
Here are some reasons.
There are times when it is required. Certain businesses won’t hire a company or owner-operator if they don’t have cargo insurance. If you want to be able to keep a steady flow of work, you may find out that you need to have cargo insurance.
This insurance protects you and your income. If you show up with a damaged load (or even a lost one), you are not going to get paid, even though it might not be your fault. One damaged load could cut back on your income significantly.
One of the best reasons that you need cargo insurance is because things do go wrong. Most truckers drive, without thinking about everything that can go wrong. However, things happen (and on a regular basis).
You might be dealing with bad storms that cause damage to your load. Constantly braking due to bad weather can shift everything in your trailer. The company might not have packed the items correctly and they end up damaged by the end of the trip. Someone might steal something out of your trailer when you go in for a meal.
The truth is that there are a lot of things that could (and do) go wrong so you need as much protection as you can afford.
Commercial truck insurance can be quite confusing which is why you need someone to help you through it to make sure that you have the right protection at a good price. Don’t hesitate to contact us for all of your commercial truck insurance needs. We offer insurance for commercial trucks in Florida, Georgia, Texas, North Carolina, South Carolina, Tennessee, Illinois, Iowa, and Nebraska.