When your trucks are in transit, there is always the risk that something could unexpectedly go wrong and cause damage to your cargo or cause it to be lost. When this occurs, you would usually be responsible for repairing it or replacing it. The costs associated with this can be rather high and can cause a lot of financial damage to your business. Luckily, there are many affordable cargo insurance options available for purchase.
What Is Cargo Insurance?
Cargo insurance is a type of insurance coverage that can protect you from devastating financial losses due to lost or damaged cargo. It pays you the amount of money you are insured for if a covered event happens to your cargo.
What Are The Benefits Of Cargo Insurance?
The main benefit of having cargo insurance is that you can majorly minimize your financial losses in situations where your cargo is damaged or lost. In exchange for a small monthly fee, you can move your cargo around with a lot more peace of mind.
What Types Of Risks Are Covered By Cargo Insurance?
Cargo insurance can protect your cargo from a variety of different risks. Some of these are:
- Natural disasters
- Vehicle accidents
- Cargo abandonment
Moving cargo around by truck is not always easy and can be risky. Cargo insurance can go a long way towards helping everything run more smoothly.