Motor Truck Cargo Insurance for Commercial Trucks
Motor Truck Cargo Insurance is a crucial coverage for for-hire truckers transporting goods and materials. It safeguards against financial losses due to cargo theft, damage, or destruction caused by accidents, natural disasters, or unforeseen incidents.
What is Motor Truck Cargo Insurance?
Motor Truck Cargo Insurance provides coverage for freight and commodities being transported by commercial trucks, cargo vans, and tractor-trailers. It ensures that trucking businesses don’t suffer major financial losses when cargo is lost, damaged, or stolen during transit. This policy helps businesses meet contractual obligations and maintain their reputation. It also provides peace of mind by covering expenses related to cargo recovery, debris removal, and legal defense costs.
Who Needs Motor Truck Cargo Insurance?
- For-hire truckers operating under a Bill of Lading.
- Owner-operators working under their own authority.
- Freight carriers hauling goods for commercial clients.
- Businesses using cargo vans, box trucks, or flatbeds for transport.
- Tractor Trailers: Essential for businesses using large tractor trailers, protecting against accidents that could result in injury or property damage.
Most shippers and brokers require truckers to carry motor truck cargo insurance before awarding contracts, making it a must-have for professional drivers.
What Does Motor Truck Cargo Insurance Cover?
Accidents & Collisions
Damage to cargo due to a truck crash.
Fire & Explosions
Protection against unexpected fires that destroy cargo.
Theft & Vandalism
Covers stolen cargo and intentional damage.
Loading & Unloading Incidents
Covers damage while handling cargo.
Additional Coverages & Features
Motor Truck Cargo Insurance often includes extra protection such as:
- Removal Expenses : Covers costs for removing debris or pollutants caused by cargo spills.
- Sue and Labor Coverage : Pays for efforts to prevent additional cargo damage and legal expenses.
- Earned Freight Coverage : Protects against lost income if cargo is undeliverable.
- Refrigeration Breakdown Coverage : Covers spoiled cargo due to reefer (refrigerated truck) malfunctions.
Exclusions: What’s Not Covered?
Motor Truck Cargo Insurance does not cover the following:
- Personal belongings of the driver.
- Garbage, hazardous materials, explosives.
- Jewelry, money, or valuable artwork.
- Tobacco, alcohol, and contraband.
- Cargo stored for more than 72 hours.
How Much Does Motor Truck Cargo Insurance Cost?
The cost of cargo insurance quotes depends on:
- Type of cargo being transported.
- Distance & operating region.
- Business size & safety record.
- Coverage limits & deductibles.
Why Choose Commercial Pro Shield Insurance?
As a leading provider of commercial insurance for cargo vans and trucking businesses, we offer:
- Affordable & customizable cargo insurance coverage.
- Quick claims processing to keep your business moving.
- Flexible coverage limits to fit your specific needs.
- Expert advisors to guide you through policy selection.
FAQs About Motor Truck Cargo Insurance
While not federally mandated, most shippers, brokers, and freight contracts require truckers to carry cargo insurance.
It depends on the value of the cargo you transport and your business contracts. Most truckers opt for $100,000 to $300,000 in coverage.
Yes, if the damage occurs during loading, unloading, or transit, the policy may cover the loss, depending on the terms.
Yes, specialized Reefer Breakdown Coverage is available for perishable items, and higher coverage limits can be set for high-value goods.
You’ll need to report the incident, provide supporting documents (e.g., Bill of Lading, photos), and follow the insurer’s claims process.
Get a Motor Truck Cargo Insurance Quote Today!
Protect your business, cargo, and profits with Commercial Pro Shield Insurance. Contact us today for a free cargo insurance quote and secure your trucking operations.