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truck cargo insurance providers

Extending Your Liability Coverage to Freight

If you are a commercial load hauler, you are already familiar with the insurance requirements established by the FMCSA. General liability limits include coverage for property damage, bodily injury and environmental restoration. For more comprehensive attention to your actual load liability, truck cargo insurance providers will tell you about the need for cargo coverage.

With cargo insurance, your freight or load in transit is covered in case of incidents involving fire, collision, theft or striking a load during loading or unloading activities. Some of the policies will also be written to address costs incurred for cleanup up of loads that have spilled. This means paying for costs to firefighting or hazard teams sent to contain a situation.

When you get ready to talk to truck cargo insurance providers, you will need to have an idea of how much coverage you want. This should take into account the types of loads you often haul, as you get to determine the limits and deductibles you want to set.

Cargo insurance isn’t available for all loads. Some of the categories often excluded include:

  • Live animals
  • Jewelry
  • Art
  • Explosive or radioactive materials
  • Contraband
  • Pharmaceuticals

Check with your broker about items that qualify for coverage. Ensure that your freight is protected during all incidents. It is better to err on the side of caution with both driving and administrative actions.