If you run a business that is involved with the transportation of cargo, it is important that you consider all the possible risks and obtain the necessary protections against these risks. A big part of this protection is commercial cargo insurance.
What Is Commercial Cargo Insurance?
Commercial cargo insurance is a type of insurance coverage designed to protect your cargo from the variety of risks it faces while being transported. It can cover the cost of repairing cargo, replacing cargo, and can even cover the cost of cleanup if your cargo is accidentally dumped on a roadway or waterway.
Who Needs Commercial Cargo Insurance?
Commercial cargo insurance is extremely important for truckers who are transporting cargo. In fact, in many cases, risk managers require truckers to insure their cargo. Aside from truckers, anyone who is involved with the transportation of cargo should consider purchasing cargo insurance.
What Cargo Cannot Be Covered By Commercial Cargo Insurance?
While commercial cargo insurance can cover a wide variety of different types of cargo, there are some cargo types that cannot be covered. Some of these are:
- Live animals
- Explosive or radioactive cargo
Your cargo faces a great deal of risk while it is being transported from one location to another. Commercial cargo insurance can help provide you peace of mind.