Motor Trucking Cargo insurance covers you and your business in the event that there is damage to the cargo. Cargo is considered the 3rd party freight that is in or on the vehicle. Cargo carriers can classify your business into many different categories: auto haulers, general freight haulers, container haulers, household goods movers, tow trucks, building material hauler, etc.
It is important to go through the exclusions and the endorsements included in your cargo policy. Along with certain commodities being excluded from policies, your agent could include additional protections for your business, such as “earned freight,” which will allow you to still be paid on a load if there was damage to the load while you were transporting it.
It is important to be specific and thorough when discussing the types of commodities hauled so that the agent can ensure that they are covered in the event of a claim.
There are many different limits and deductibles available based on what will work best for you and your business.
