A Short Guide To Cargo Insurance Coverage

If you run a business that is responsible for transporting cargo from one location to another, it is important that you are aware of the risks your cargo faces and take the necessary precautions to protect it. A big part of protecting your cargo and your business is having good cargo insurance coverage.

What Is Cargo Insurance?

Cargo insurance is a specialized type of insurance coverage that can help protect the cargo you are transporting from a variety of common risks. It is a vital part of financial risk management for businesses that deal with the transport of cargo.

What Vehicles Can and Cannot Be Insured By Cargo Insurance?

Cargo insurance can be utilized by a number of cargo transporting vehicles. Some of these are:

  • Dump trucks
  • Tractors
  • Trailers
  • Box trucks
  • Cement mixers
  • Cargo vans
  • Flatbeds
  • Car Haulers

Some vehicles cannot be protected by cargo insurance. These vehicles are:

  • Garbage trucks
  • Limos
  • Hearses
  • Buses
  • Passenger vans
  • Ice cream trucks

What Cargo Cannot Be Protected By Cargo Insurance?

While the vast majority of cargo types can be insured by cargo insurance, there are some exceptions. Some of these are:

  • Money
  • Tobacco/alcohol
  • Live animals
  • Explosive or radioactive cargo
  • Jewelry
  • Art

Transporting cargo opens it up to a certain amount of risk. Cargo insurance can help everything run far more smoothly.

Responses are currently closed, but you can trackback from your own site.

Comments are closed.