What is Covered by Cargo Insurance?

Coordinating transportation plans for shipments can be unpredictable. You want to choose a route least affected by extreme weather conditions, as failing to do so could result in missing a scheduled delivery deadline. The Choice One Insurance Inc. team in Portland, OR, can provide recommendations on the type of cargo insurance coverage that effectively benefits your business.

Defining Cargo Insurance’s Loading and Unloading Coverage

Loading and unloading coverage is a standard feature of most cargo insurance policies. Typically, it covers all damage or loss during the transfer from the transport vehicle to the loading dock. A forklift protects Your product from unexpected damage, such as dropping or crushing the goods. However, you are not covered if the damage was ruled to be caused by inherent product defects or improper packaging by your staff.

Cargo Insurance Coverage of Transportation Mishaps

Transportation mishaps with a company’s products happen all the time. Cargo insurance covers all damage or loss of your product caused by a natural disaster or on-road accident while en route to its final destination. Another policy option is protection from spoilage or contamination caused by sudden temperature changes in the truck’s storage refrigeration unit. This type of coverage is essential for businesses transporting fresh or frozen food nationwide. Having effective cargo insurance coverage creates a safety net for your business. It allows you to operate without delay. The coverage minimizes the financial impact of loss or product damage when a transportation mishap occurs.

If you plan to expand your business and sell your product nationwide, contact Choice One Insurance Inc. in Portland, OR. Our staff has the knowledge and experience to create a cargo insurance policy that protects your investment while in transit. Call and schedule an appointment today.