For
trucking companies, cargo is the most important part of business. Without
cargo, there would be no need for commercial trucking. As such, truckers take
care to protect and safely transport goods when they are on the road.
Unfortunately, accidents do occur and are sometimes unavoidable.
When this
happens, cargo may become damaged. In some cases, the trucking company may be
held liable for the damage sustained, especially when it is transporting cargo
for another person or company. Depending on the type of cargo, this could mean
thousands of dollars in unexpected expenses.
Luckily
for truckers, though, they can purchase cargo insurance to protect themselves
from the damage that may result from an accident. This is helpful for a number
of reasons.
When a
trucker is at fault, then his or her company will be liable for the damage that
occurs to the cargo without question in most cases. In some instances, trucking
companies may face severe financial hits that can disturb or even shut down
operations, effectively putting a company out of business.
When
another driver is at fault, then he or she may be liable for the damage that
the cargo endures. Unfortunately, many drivers are under-insured for this
amount of damage. This means that the burden may be passed on to the trucking
company, leaving it with substantial debts.
Cargo
insurance, on the other hand, negates the effects of both of these situations.
It covers truckers and their employers when the trucker is at fault in an
accident, and some policies even cover trucking companies when their truckers
are in accidents with under-insured motorists.
If you are
currently looking to add cargo insurance coverage to your trucking insurance
policy, get a free quote from the Chicago truck insurance experts of Insure on the
Spot today.
James
Witherspoon
Article
Source: http://EzineArticles.com/?expert=James_Witherspoon
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