Motor Truck Cargo Insurance
What is motor truck cargo insurance?
Motor truck cargo insurance, also called cargo insurance, protects goods and materials transported by for-hire truckers. It covers damage, loss, or harm to the materials truckers haul in case of events like fire, collision, and theft. Cargo insurance protects both you and the cargo owner against loss.
Depending on the insurer, cargo coverage may be a standalone policy or an endorsement on your standard trucking liability policy.
Progressive Commercial has customizable truck insurance options to meet your needs. Work with our team of experts or start a quote online to help protect your business.
Who needs motor truck cargo insurance?
Some risk managers require truckers to insure their freight. Owner operators, for-hire truckers, and private carriers in various sectors can all benefit from the protection that cargo insurance provides.
Types of trucks that typically need cargo insurance include:
- Dump trucks
- Tractors
- Box trucks
- Cement mixers
- Logging trucks
- Pickups
- Flatbed trucks
- Car haulers
Why is motor truck cargo insurance important?
Cargo insurance is important because it helps protect both the trucker and the owner of the goods inside the truck. For example, cargo insurance can pay for the damage if a truck gets into an accident and the cargo inside is destroyed.
Many clients and shippers require cargo coverage to protect their goods, making it an essential part of securing business contracts. It also enhances your professional reputation and offers peace of mind, letting you focus on your work without worrying about possible setbacks.
What does motor cargo insurance cover?
Cargo insurance covers damage, loss, and other issues that can happen while transporting goods. It protects your business in situations such as:
- Lost or damaged cargo: Covers cargo lost, damaged, or destroyed by things like accidents, fire, theft, and vandalism.
- Removal expenses: Pays to clean up debris and pollutants caused by the cargo you're hauling.
- Sue and labor: Helps cover costs to prevent further damage to cargo after a loss, such as hiring a salvage company.
- Earned freight: Protects customers from charges associated with an undelivered load.
Motor truck cargo insurance coverage types
We offer Various types of cargo insurance may be available for truckers and other eligible customers, including:
- Motor truck cargo insurance: Protects transported materials and pays for property losses caused by events that damage cargo.
- Motor truck cargo insurance with refrigeration breakdown: Covers losses from spoilage or changes in temperature.
Limits, deductibles, and other details
When you choose Progressive Commercial's motor truck cargo insurance, you'll need to select a limit and pick a deductible. The limit can be set by the company sending or receiving cargo and determines the maximum amount insurance will cover. The deductible is the amount you'll pay out of pocket for each claim. Talk to an expert to ensure you're protected.
Motor truck cargo insurance cost
The cost of cargo insurance for truckers is determined by things like business type, truck, driving history, and location.
Work with an agent to learn how these and other factors affect your truck insurance premium and ask about our vehicle insurance discounts. Our team is ready to help you see how much you can save. Start a motor truck cargo insurance quote today.
Why choose Progressive Commercial for motor truck cargo insurance?
As the #1 commercial truck insurer in AmericaΔ, we take pride in what we do. Businesses rely on Progressive Commercial for comprehensive insurance solutions, competitive pricing, and unparalleled service.
If you're interested in learning more about truck insurance coverages, you can start a cargo insurance quote online or speak to our team of experts.
