Motor truck cargo coverage provides protection to the owners of goods and motor carriers. When cargo is in transport, it faces multiple risks. While all cargo transporters need some form of basic liability insurance, it isn’t always enough to cover all risks.
 

Do You Need Cargo Insurance?

If you are a trucker who carries cargo in box trucks, flatbeds, cargo vans or any other tractor-trailer, then you probably need cargo insurance. This type of coverage is specifically designed to cover your needs as someone who ships cargo over a distance. If you want adequate protection of your cargo as you ship it from point A to point B, then you need cargo insurance.

What Coverages Are a Part of Cargo Insurance?

The coverage that you receive as part of your motor truck cargo package depends heavily on your policy and what you need. The coverages that are most common include:

·      Fire
·      Theft
·      Collision
·      Water Damage
·      Refrigeration Breakdown
·      Equipment failure

When you’re on the road, anything can happen. Even if you are diligent in maintenance and repairs, you still have to keep in mind that issues can arise and if the cargo becomes damaged, you are liable. Cargo insurance is the best way to protect your business and the cargo if something were to happen while you are on the road.