Apr
30
The purpose of cargo liability insurance coverage is to protect the trucker carrier and cargo while being transported in a truck. This type of coverage protects the transporter of the commodities against legal liability which takes place as a result of damage or loss of property and cargo belonging to other parties that is in the trucker's care. This can also apply while goods are in the custody or control of the carrier while being transported in an insured vehicle or while temporarily at terminals while waiting for shipment. When considering this type of insurance, look for features like coverage for newly acquired vehicles, liability limits in the 25,000 - 250,000 range, and deductible ranges from $1000-$2500 and $5,000.
