Cargo coverage

Cargo coverage is a type of insurance policy that protects a trucking company and their clients against financial losses resulting from damage, loss or theft of the cargo being transported.

Cargo coverage is typically purchased by trucking companies to cover the value of the goods they are transporting, regardless of whether the damage is caused by an accident, theft, or other unforeseen events. It provides protection for both the trucking company and their clients in the event that the cargo is lost or damaged during transit.

Cargo coverage policies can vary in coverage limits and exclusions, so it is important for trucking companies to carefully review their policy to ensure that it meets their specific needs. Some cargo coverage policies may only cover certain types of cargo, or have exclusions for certain types of damage or loss.

It’s important for trucking companies to maintain adequate cargo coverage to protect their business from financial losses that can arise from cargo damage or loss. This not only protects their own business but also provides peace of mind to their clients knowing that their cargo is insured during transit.