Cargo transported by truckers all year long can amount to millions of dollars. Anyone looking to get involved in the motor truck cargo business would do themselves a lot of good if they acquired an insurance cover for the same. A comprehensive cover should insure all the goods that are carried on the motor truck. The expensive nature of the cargo that may be damaged or lost underlines the need for the motor truck cargo insurance.
The primary liability insurance is a requirement by the government and takes care of any injury that occurs when the truck causes an accident. Although the motor truck cargo insurance is not a necessity, it will save you loads of cash when things go south. The insurance policy is available for both the common and contract carriers.
Why do you need motor truck cargo insurance?
Loads on motor trucks are always in danger of getting damaged. Collisions involving the trucks pose the highest risk, and the effects can very easily go overboard. Failing to plan for such incidents can cripple your business as the repair costs tend to go over the roof. BTP insurance offers the best motor truck insurance services that ensure that you do not have to spend fortunes on any damages.
The motor truck cargo insurance policy is also a necessity in a number of states. The policymakers foresee potential accidents and try to ensure that both the business owner and clients do not have a hard time when they occur. You can save your business unnecessary collisions with authorities once you buy this policy.
Managers who are looking to have their cargo transported tend to trust insured truck businessmen. A motor truck cargo insurance will grant you and your client peace of mind and make business less strenuous. You are likely to have more clients as they know that they can easily get back their assets in case of accidents.
With the appropriate motor truck cargo insurance policy, you will not have to worry about a financial meltdown. Unforeseen accidents in different businesses have forced a good number of business owners to close. You do not want to be part of the statistic that failed in business for underinsurance or failing to take up an insurance cover altogether. With this worry out of the way, you can focus all your energy and time on taking your business to the next level.
You may be entrusted with high-value commodities, and the possession of a motor truck cargo insurance policy will give you peace of mind as you transport the items. As long as the freight is in your possession, you are liable for anything that happens to it. Do everything in your power to ensure that you get it to its destination in one piece but have the policy for unforeseen events along the journey.
Coverage Options
There are a good number of policies that you can choose from. Most of them are created to serve specific needs for your business while some will take care of the whole business. The choice of a suitable policy should be based on the specific needs of your business. The risk that your facility and assets are exposed to should also be involved in this choice. You do not want to pay for more than what is necessary. On the other hand, it is important that you do not underestimate the risk or overlook a few components of your business. You will be the greatest loser in such cases.
Some of the coverage options available include:
Motor Truck Cargo Insurance
The policy is designed to cover freight or commodity in your possession due to loss or damage due to fire, collision, or reefer-breakdown.Trailer Interchange
A Trailer Interchange agreement is a contract that arranges transfer from one truck to another in order to complete a shipment. Trailer Interchange provides physical damage insurance for trailers being pulled under a trailer interchange agreement. It protects trailer damage due to collision, fire, theft, explosion, and vandalism.
You can opt to set limits as well as deductibles on your preferred insurance cover. Limits will determine the amount that your insurance partner will pay while deductibles allow you to pay some of the claim money on your own. Sub-limitations can be introduced for particular items, and they are lower than the main limits. Higher deductibles will lower your insurance premiums, but you should make sure that you do not take more than what you can take care of comfortably.
You could also choose to have a number of exclusions on your policy. Exclusions will mean that the policy will not cater for damages that are a result of certain actions. It can also spell out the type of property that you will be liable for as you transport the cargo entrusted to you. Alcohol, pharmaceuticals, jewelry, and money are some of the items commonly featured under exclusions.
The policy holds for a number of body types including cement mixers, car haulers, tractors, dump trucks, and cargo vans. The types of commodities being transported and their destination will influence the kind of policy that you can opt for. High-risk destinations will call for a more elaborate policy compared to low-risk destinations. The average load should also be considered as you make up your mind on the suitable policy.
Why should you choose BTP Insurance?
The team at BTP Insurance is excited about your success and works extensively to help you reach your goals. They are highly knowledgeable and are always on hand to share this information with their clients. They are attentive and willing to go the extra mile all in a bid to ensure that the clients have all they need.
You can count on them to walk with you as you grow your business. The team will guide you on the necessary permits and licenses for your business as your assets increase. They will also help you make the necessary adjustments as your circumstances change. Clients spread out all over Texas can attest to the splendid insurance services they have received over the years.
For an insurance partner who will not look at you simply as a policy number, choose BTP insurance. The dedication of their agents ensures that you will not leave their office before any of your questions are answered. Any concerns that you may have will also be adequately addressed.
Pick up your phone and make the call for your free quote.
You can also schedule an initial consultation while at it.
