What is trucking cargo insurance?
Motor Truck Cargo insurance (Cargo) provides insurance on the freight or commodity hauled by a For-hire trucker. It covers your liability for cargo that is lost or damaged due to causes such as fire, collision, or striking of a load.
What is the difference between cargo and freight insurance?
Freight insurance is the additional protection that covers your cargo in case of loss or damage. Cargo insurance keeps you calm and confident during the shipping process.
Should you get cargo insurance?
There is no requirement to buy cargo insurance. However, it is highly recommended so you can better protect your goods from exposure to risks—some that could be catastrophic. It's important to weigh the insurance costs with the potential losses and collateral damage that could occur without insurance.
What is the difference between motor truck cargo and transportation coverage?
Carrier liability typically only covers injuries or damage to other people or property, not the cargo being carried. However, transporters can purchase more comprehensive coverage through a motor truck cargo liability policy to protect their cargo from loss, damage or theft while in transit.