Motor Truck Cargo insurance provides insurance on the freight or commodity hauled by a For-hire trucker. It covers your liability for cargo that is lost or damaged due to causes such as fire, collision, or striking of a load.

Our cargo coverage provides protection whether you are transporting your own commodities or hauling freight for someone else. For your convenience, cargo coverage can be added to a trucker policy or purchased as a separate policy.

Motor truck cargo insurance provides legal liability coverage for truckers, whether common or contract, while they are transporting property of others. The policy protects the insured (trucker) and the covered property (cargo).

Cargo limits and premium cost will vary depending on the average load, type of commodities hauled and where the goods are being transported to and from. Average cargo limits range from $20,0000 to $100,000. Another example might be a trucker hauling electronics and garments. This cargo limit may need to be $250,000. Limits are usually determined by the owner of the goods and this evidence is provided to them by a Certificate of Insurance from the insurance broker.

Cargo policies are often misunderstood because of various exclusions and limitations that may not have been discussed during the quoting process. Often times this is due to the fact that the insurance broker may not specialize in trucking and not understand the impact of various exclusions or limitations. This is why it is imperative to deal with a truck broker who knows the transportation business and understands your individual business as well. If a claim occurs there may not be coverage.

Motor Truck Cargo Legal Liability Insurance, more commonly referred to as “Cargo Insurance” covers losses or damage to the commodities the trucker is hauling while they are being transported. Carriers are responsible for the cargo they control while it is in their possession. While operating under a Bill of Lading, beginning at the point at which the cargo is taken into their possession until when it reaches its destination and is signed for, it is the Carriers responsibility to take every possible step to insure the safety of the cargo.

The demand for long-haul freight has increased in the past several decades. Similarly, the value of large cargo loads has grown along with the increase in shipping demands. Motor Truck Cargo Insurance is designed to ensure the value of heavy freight loads as they work their way from point A to point B. This means a truck carrying anything from snack cakes to lumber is precious during the time it’s fully loaded and transporting those goods. This insurance is designed to cover the liability concerns related to hauling thousands of pounds of goods and materials worth tens of thousands, and sometimes millions of dollars.