A key element of trucking is that clients expect you to deliver their goods on time, and in good condition. Whenever you deliver someone else’s goods, you assume a level of risks for that client. If an accident causes you to fail to deliver the items safely, you likely owe a liability debt to the client.
Commercial trucking insurance can help you get coverage for the truck's cargo. However, make sure you have the correct insurance for your unique trucking situation. A variety of coverage options govern insurance for trucking contents.
Trucking Insurance Protects Contents
Insuring your trucking liabilities includes insuring the risks to your clients’ products.
Trucking insurance policies often contain protection for contents, based on the situations in which the contents sustain damages. Liability and collision coverage often have cargo protection in certain cases of damages.
However, to best insure your cargo, make sure your truck insurance policy includes specific cargo coverage. Cargo coverage devotes insurance funds directly towards the safety of the products. For that reason, cargo coverage can make sure that you have proper insurance simply for the cargo.
Keep Exclusions in Mind
Even with cargo insurance, you can still face exclusions on your policy. Your insurance provider can help you make sure your specific policy covers your cargo.
- Make sure your policy includes high enough coverage levels to protect your typical cargo. In case of a total cargo loss, your insurance coverage should be enough to help you compensate a client for the total value of that lost property.
- Ask your insurance agent if the policy covers all instances of damages. For examples, some policies may exclude spoilage or water damage from coverage. Therefore, depending on the products you deliver, ensure coverage will protect risks associated directly with them.
- Cargo protection policies may exclude certain types of trucks like garbage trucks or buses. However, they usually cover most standard trailers and cargo trucks.
- High-valued or sensitive items may have exclusions under cargo insurance. Depending on the commodity you carry, make sure you or the product’s owner has proper insurance to protect these items.
When insuring your cargo, you have to make sure that cargo has protection while you transport it in your truck. The correct trucking insurance can help you in that regard.
Budget Insurance Agency can help you get the Georgia trucking insurance you need. Call us at 478-788-9188 for more information, or get a fast, free quote right now.