Transportation Insurance
Transportation insurance is a policy that offers coverage on the insured's property while it is in transit from one location to another on any necessary mode of transport. This includes transport by land, air, and water.
Because there is always a risk that goods in transit may be damaged, lost or delayed, businesses like wholesalers, retailers, and distributors can protect their property by purchasing transportation insurance. Coverage depends on the specific policy but may include theft, fire, and other similar perils. Besides opting for transportation insurance, making sure the goods are packed safely and securely also mitigates any loss.
Transportation Policy Features
Whether you ship goods by road, air, or sea, or are in the towing business, you need insurance for unexpected events that create problems for your business. The goods you transport could get damaged despite your efforts to pack them properly. Your vehicle could be involved in an accident through no fault of your own. And while the vehicle itself may be insured, that does not guarantee the contents—or materials you are shipping—are covered.
So whether you have a fleet of vehicles or just one truck you use to haul items as a part of the whole business, the principle is the same. Adequate insurance allows you to continue business as usual if something bad happens.
Contact our office today and find out what we can do to help you with your transportation insurance needs. If you are an existing customer, we can review your policy to make sure you have complete coverage and your coverage is up to date. If you are a new customer, The CFI Agency can provide the transportation insurance coverage you need to protect your business.