Major Types of Transportation Insurance

Cargo and transportation insurance is important for a number of reasons. The biggest and most important is that it protects the shipping company and their clients in the event that something goes wrong. There are many possible coverage plans out there; here are a few kinds of transportation insurance in Texas.

Auto Insurance

Business auto insurance is important because it protects the company from taking serious financial damage in the event of an accident or crash. This type of insurance can be used to protect individual vehicles or entire fleets. Closely related equipment breakdown insurance can prevent a company from losing money due to wear and tear.

Cargo Insurance

Other forms of insurance can protect a company from trouble related to the cargo they carry. Physical damage insurance can help a company provide compensation to customers if the products being shipped are broken or destroyed.

Liability Insurance

Liability insurance is important because it helps a company in the event that customers decide to sue. Whether the lawsuit has basis or not, insurance can help cover legal fees and settlements when an issue must be resolved in court.

Worker’s Compensation

Finally, workers compensation and employment practices liability coverage help ensure that a company’ workers are taken care of. These are just a few of the many types of transportation insurance in Texas.