Debunking 3 Myths About Cargo Insurance

Debunking 3 Myths About Cargo Insurance

One of the most important decisions you can make as the owner or manager of a cargo transportation company is to protect yourself and your business with truck cargo insurance. Too many transporters face financial consequences and client losses when they choose not to prioritize insurance. Here is the reality behind 3 misconceptions regarding cargo insurance.

1. It Will Be Too Expensive

Depending on the size of your company, you may be surprised at the good value provided by truck cargo insurance. There is no one-size-fits-all price to insurance, so compare quotes from different insurance companies to find the right one for you.

2. It Won’t Cover All of Your Needs

There are plenty of detailed truck cargo insurance plans available to be tailored to your individual needs. Establish what kinds of cargo you transport as well as the size of your company and number of trucks in your fleet. A good insurance plan can securely cover all of your needs.

3. It Will Have Hidden Exclusions

A reputable insurance company will be up-front about exactly what your policy will and will not cover. Read all documents carefully and ask your broker as many questions as you like until you are comfortable with the coverage and price.

By understanding your transportation company’s particular coverage needs, you can confidently advocate for your business and obtain the quality truck cargo insurance you need to succeed in future endeavors.

Insurance Risk Advisors