Motor Truck Cargo Coverage - Motor Truck Cargo insurance protects the transporter for his responsibility in the event of damaged or lost freight. The policy is purchased with a maximum load limit per vehicle.
Trucking companies and owner-operators face enormous risks on every run. They assume a huge financial responsibility for the property they haul. Accidents, theft, faulty refrigeration and other unforseen situations can be devistating if you're not protected.
These are some of the highlights to this type of coverage:
- Earned Freight Charges – Up to $2,500 separate from other Limits of Insurance
- Debris Removal Expenses – Up to $5,000 separate from other Limits of Insurance
- Reloading Expenses – Up to $5,000 separate from other Limits of Insurance
- “Transit” defined to include ordinary, reasonable and necessary stops, interruptions, delays or transfers incidental to the route and method of shipment
- “Loading” & “Unloading” – Included when immediately adjacent to the transporting conveyance
- Coverage endorsements that address a number of specialized operations, including Auto Haulers, Couriers and others
Freight in transit is under or uninsured.
Stop the underinsurance crisis in its tracks.
Stop the underinsurance crisis in its tracks.
Get up to a $2M limit for single conveyance — or $100,000 for LTL shipments.
Dynamic, On-Demand Cargo Insurance
Target Classes:
Owners, Manufacturers, distributors of goods, logistics providers, freight brokers, freight forwarders, NVOCCs, shippers, freight boards
Outside Risk Appetite:
Inventory and storage, cash and financial instruments, bulk shipments, live animals, prescription pharmaceuticals, luxury goods
Coverage limit
$2M ($100K for LTL)
Dynamic Ocean Cargo Insurance
Target Classes:
Manufacturers, distributors, retailers, wholesalers & more
Outside Risk Appetite:
Cash and financial instruments, bulk shipments, live animals, prescription pharmaceuticals, luxury goods
Coverage limit
Up to $10M
Dynamic Shippers Interest Insurance :
Target Classes:
Freight forwarders, shippers, NVOCCs, freight boards, logistic companies & more
Outside Risk Appetite:
Inventory and storage, cash and financial instruments, bulk shipments, live animals, prescription pharmaceuticals, luxury goods
Coverage limit
Up to $10M
Ocean Cargo & Stock Throughput Insurance
Target Classes:
Manufacturers, distributors, retailers, wholesalers & more
Outside Risk Appetite:
Cash and financial instruments, bulk shipments, live animals, prescription pharmaceuticals, luxury goods
Coverage limit
Up to $10M per location and for goods in transit
Motor Truck Cargo Insurance
Target Classes:
Inter and Intra State Motor Carriers, Freight Brokers, and Freight Forwarders
Outside Risk Appetite:
ammunition, firearms, explosives, fine art, jewelry, precious metals/stones
Live animals, valuable papers and records
Coverage limit
$500K per conveyance