If you are in the trucking or fleet business, you understand the importance of delivering goods and services in a safe and timely manner. But what if an unexpected event occurs that prevents or delays your delivery? Or what happens if you or one of your drivers is involved in an at-fault accident? Trucking insurance and cargo coverage is needed for these types of losses.
What is trucking and cargo insurance?
Commercial trucking insurance is essential if you own a commercial truck and provide services utilizing that truck. It can provide coverage for the vehicle, trailer, and liability. Many times, cargo coverage is also needed, especially if you haul cargo that belongs to other people or businesses. Cargo coverage is designed to cover the items that are hauled in the trailer. This can be especially important if there is a delay in delivery or the goods are damaged during transport.
What type of insurance does my business need?
Each business is different, and there are different classes of trucking insurance that can fit your business specifically. Independent carriers may need different insurance than contract carriers, whose contracts typically spell out exactly what type of insurance they are required to have. Also, the type of insurance you need may depend on how far you travel as going across state lines typically requires federal filings.
How much does it cost?
That depends. Does the business consist of you and one truck, or does your business involve a fleet of trucks with hired drivers? Do you and your drivers have clean driving records? Do your trucks have anti-theft alarms? How much liability do you need, and how far are you driving? Also, the age and condition of your trucks are also factors in determining the rate of your premium.
Contact The Andrew Agency
The Andrew Agency can assist you in finding trucking and cargo coverage that fits the needs of your specific business. Give us a call today at 804-320-2886 and we can get started.