As a truck owner-operator, there are a lot of moving parts to keep track of while running your business. From making sure that your trucking equipment is properly maintained to managing your contracts, there’s a lot on your plate.
One of those tasks is finding the right trucking insurance for your business. In this blog post, we’ll discuss what you need to know about cargo coverage.
Cargo Coverage 101
To put it simply, cargo coverage is for the load that is in the trailer, on the trailer, or strapped down to the trailer. It does not provide coverage for the actual trailer. If you’re driving with a piece of equipment on your trailer and don’t have cargo coverage, the cargo you’re carrying is probably not covered.
If you’re driving as a contractor for a company, you’re likely required to have your own coverage. However, if you’re permanently leased onto another carrier, you should be covered by that company’s cargo coverage whenever you’re under contract. If you’re not sure whether or not you have cargo coverage, talk to the carrier or an independent insurance agent today.
Theft, Accidents, and Other Disasters
The most common causes of cargo loss are:
Depending on what you’re hauling, you could be at a higher risk for theft while on the road. Electronics and some types of goods are especially susceptible. Cargo coverage can help protect your business assets if cargo is stolen or damaged while on the road.
Taking a proactive approach to keeping your cargo safe is always a good idea. In addition to being properly covered, be sure to park in well-lit areas whenever possible, and try to avoid leaving your truck alone for long periods of time while you’re on the road. Don’t detach the trailer from your truck until you arrive at your destination.
When it comes to preventing accidents, the best thing you can do is to take care of yourself to make sure that you can react to unexpected situations quickly. Stop and rest when you’re tired, eat regular meals, and stay hydrated. Make sure to get a good night of sleep before hitting the road. Stay alert and aware of your surroundings.
Get Additional Coverage, Even If You Have Another Policy
It’s important to remember that there could be a variety of commodities that are excluded from your standard cargo form. Things like batteries, seafood, and copper tend to be tougher to get cargo coverage for. If you have your truck insured through another company and need additional cargo coverage, contact Kincaid Insurance to find out how we can help.
Indiana Cargo Coverage
We’ve been writing trucking policies for over two decades, and we know the challenges you face when it comes to running your business. Our independent insurance agents are here to help you find the right policy for your needs and budget.
Our headquarters is located in Rockport, Indiana, just minutes from Evansville. We write cargo coverage and other trucking policies in Indiana, Ohio, Kentucky, Illinois, and Tennessee. Call us toll free at 1-877-888-5506 for a no-obligation free quote today!Request a Free Quote