The trucking industry keeps the economy running, yet working as a trucker can be one of the hardest occupations to get insurance for. Truckers who are new to the business dont always have the experience and finances needed to purchase their own policy. However, before a trucker is able to get his federal license, there must be proof of insurance. There are some companies, such as United Specialty Insurance, which make it easier for these individuals to obtain insurance.
Pricing and Quotes
Truckers have to consider several factors when getting a quote on their coverage. The types of risks that an agency considers are the materials or products being transported, the routes of travel, and the rig that is being covered. Truckers that have favorable safety scores and who have been in the business for more than five years (with few losses and claims reported) will receive better pricing. However, assuming a large deductible, working with a captive, or self-insured retention can be ways to lower the financial cost of coverage.
Unfortunately, truckers cant get away from carrying insurance coverage. Regardless of the cost to your operations, the federal government mandates certain coverage limits and inclusions. Working with a good agent will let you know what is required, but they can also have a policy underwritten that is the most affordable to your situation.
There’s more to trucking insurance than making sure vehicles are covered from accidental damage. There are scenarios where additional expenses aren’t covered by traditional policies. That’s why sensible haulers turn to motor truck cargo coverage to fill in the gaps.
Peace of Mind
Cargo carriers are responsible for their freight until it is unloaded at the final destination. Anything that happens on the road is the transporter’s liability. While standard coverage will take care of the vehicle, driver and even some of the cargo, most policies don’t include other major aspects of accidental loss. The policy specialists at atminsurance.com lay out some of the most common problems that regular plans just aren’t concerned with, but every transport business should.
- Full coverage of cargo
- Chemical and poisonous spill cleanup
- Fire department surcharge
- Earned freight coverage that takes care of lost income thanks to missing/undeliverable cargo
- Reward coverage for information leading to stolen property
- Data loss coverage
Without the proper policy guidelines, a cargo transport business could face dire repercussions from an event that was completely accidental in nature. Make sure your vehicle, driver and cargo are all secure in case the unforeseen happens. Having motor truck cargo liability coverage keeps companies safe, letting drivers make their deliveries knowing that Corporate has their back!
Living in California has many benefits. From the incredible weather to world class arts and culture, California has a great deal to offer. And if youre lucky enough to own a marina along the coastline, you might be the envy of all your friends. That could change quickly, however, unless you have a great California marina insurance policy.
Marina owners have an increased level of risk thats associated with living and/or working on the water. If you own a marina, youll want to look carefully at all of the relevant policy options that are available to you.
Commercial General Liability
This could be the most extensive portion of your policy. You want to ensure you have sufficient protection from anything that could be seen as your responsibility. This is especially critical when youre renting out dock space to others.
This coverage is critical because you may be held financially responsible for any damage thats caused to your property if the person causing the damage is uninsured. Property includes facilities, but you probably also want coverage on other kinds of marina-related property.
This is another important component of California marina insurance coverage, which is specifically related to watercraft. It will protect you from both bodily injury and property damage thats caused by a boat.
There is a lot involved when it comes to delivering goods from one location to another. Whether its domestic or international transit, the logistics involved to make sure sellers get the products to their buyers must be well planned. Because the transportation process requires so many working parts ranging from personnel to computer networks, there is always the possibility that something can go awry. Its not unusual for problems to arise such as stolen goods, non-deliveries, derailed trains, sinking ships, airplane delays and so forth. These misfortunes can result in significant financial losses. With contingent cargo coverage insurance, the cost of goods is covered if they are lost, stolen or damaged anytime during the shipment, from point of origin to delivery destination.
Since so many companies conduct global trade cargo insurance covers both domestic and international deliveries. Also theres no limit to the type of transportation utilized. Whether you transport goods by air, railroad, sea or roadway, the contents are protected. Your policy will cover any costs associated with goods, including legal fees. This will save you a lot of stress, time and money. States do not regulate contingent cargo coverage insurance, so the policies vary. In order to get the right type of coverage consult a cargo insurance specialist.
The goods you ship and receive across long voyages are subject to a variety of handlers, and damage may occur at any point along the chain of command. In order to ensure that your investment and goods are protected from loss, damage and other detrimental occurrences, it is important to acquire marine cargo insurance.
Among the dangers your cargo faces are water damage, fire loss, theft, jettison and a host of others. Replacement of the goods would be expensive enough, but the cost to your company’s bottom line can be especially damaging. In fact, at risk are your relationships with clients and investors as well. A high-quality marine cargo insurance policy, though, can help to keep your business out of hot water should unforeseen occurrences bring damage and even destruction.
To develop a policy that works for you and your company in the very best manner possible, choose a provider and agent who are experts in writing marine cargo insurance policies. Not all insurance companies are experts in this field, and going with the wrong company can have devastating effects or rob you of key opportunities for optimum coverage. Because marine cargo policies are not as heavily regulated as other types of insurance, expertise in writing the policy can allow for fully customizable support and options.