Freight Insurance

General freight insurance is oftentimes one of the essential pieces of well-rounded truck insurance coverage.

The trucking industry is very diverse. There are all sorts of different types of freight that can be transported and most are regulated by the law for safety, economic security and environmental considerations.

The basic necessary truck insurance for every truck on the road is trucking liability insurance, although physical damage and trailer insurance are usually purchased in conjunction for better total coverage. It is also important to insure the cargo that the driver is transporting with some type of freight insurance.

A general freight insurance plan is best for truckers who haul non-hazardous cargo. General freight is any product or item that isn’t going to require specific regulation, handling procedure, or present any unusual safety risk to the public.

Cargo Insurance

There are various types of cargo insurance plans available to protect against the fluctuating values of transported goods being delivered by commercial trucks. These are beneficial in order to protect the value of the customer’s product in case of a loss.
Specific policies are designed to cover fragile, dangerous, or expensive cargo, but general freight insurance is usually sufficient for drivers carrying basic dry goods.

General Freight

A general freight insurance policy tends to cover between $10,000 and $100,000—any amount above that will likely require more specialized or regulated cargo insurance.

Hazardous materials insurance, like fuel or poisonous chemicals, generally require greater coverage by regulations from local and federal legislation.

Perishable goods may also require a unique insurance coverage. Produce insurance is an example of a specialized type of trucking insurance for those who move foods daily.

Cargo Insurance Coverage

It is very important to check what the law states about moving certain types of cargo in order to obtain the necessary cargo insurance coverage. Failure to do so could be costly to your customers and business.

If the cargo is not regulated, then general freight insurance may be a sufficient policy, although specific niche industries may expect cargo insurance coverage that exceeds general freight.

Talk to an agent for more info on general freight policies and to receive free commercial truck insurance quotes!