Truck cargo insurance protects the transporter in the event of lost or damaged freight. An uninsured load may serve a devastating blow to your company in the event of a claim. The transporter assumes all responsibility for the cargo. Before shipment, you need to work out the responsibility and insurance makes this easier.
What Is the Cost?
Like all insurance, when looking for truck cargo insurance providers, many people try to determine cost right away. If it’s too much, they may forego it. This is always a bad idea. The cost is something that you have to talk about with the provider giving you the quote. Many factors go into the variety of price point available.
What Risks Are Covered?
Truck cargo insurance providers offer a variety of different provisions and risk coverages. They often customize the policies to your business and industry. The policy may insure your cargo when in a terminal or warehouse. In many cases, you will discuss the pertinent details of your business and figure out which risks need coverage.
When it comes to choosing a cargo insurance provider, it’s important to talk to the agent or broker about your specific needs. This is the only way that you will receive an accurate quote and will receive the policies that cover all your risks.