Protecting Your Cargo and Your Business
As a trucker, your livelihood depends on safely delivering freight from one location to another. But what happens if your cargo is stolen, damaged, or destroyed in transit? Without the right insurance, you could be left covering the costs yourself.
Motor truck cargo insurance is designed to protect truckers from financial losses due to cargo damage or theft. Many freight brokers and shippers require it before you can haul their loads. Even if it’s not required, having the right coverage can save you from devastating losses.
So, who actually needs motor truck cargo insurance? If you haul freight, this coverage is essential.
Owner-Operators and Independent Truckers
If you operate under your own authority, motor truck cargo insurance is a must. It provides financial protection if something happens to your cargo while in transit.
Many shippers and brokers won’t work with independent truckers unless they carry cargo insurance. Without it, you could lose business opportunities and put your finances at risk.
Small and Large Trucking Fleets
For fleet owners, cargo insurance is critical. Whether you run a few trucks or a large fleet, you need to protect the freight you transport.
Accidents, cargo theft, and unexpected events can happen at any time. Without proper coverage, your business could face major financial setbacks. Cargo insurance ensures that every load is protected.
Freight Brokers and Logistics Companies
Freight brokers are responsible for arranging shipments, but they often require truckers to carry motor truck cargo insurance before giving them loads.
If you operate a logistics company, having the right coverage ensures that your clients’ goods are protected. This builds trust and helps you avoid liability issues.
Businesses That Transport Their Own Goods
Some companies move their own freight instead of hiring outside carriers. If your business transports its own inventory, cargo insurance is necessary.
Manufacturers, wholesalers, and retailers that haul their own goods need protection against losses from accidents, theft, or damage. Without insurance, replacing lost cargo could be a major expense.
Truckers Hauling High-Value or Specialized Freight
Not all cargo is created equal. Some loads—like electronics, pharmaceuticals, or refrigerated goods—require specialized coverage.
If you haul perishable items, reefer breakdown coverage may be necessary. If you transport hazardous materials, you’ll need additional protection. Cargo insurance can be customized based on the type of freight you move.
Truckers Under Lease to a Carrier
If you lease onto a motor carrier, you may assume that their cargo insurance covers you. But that’s not always the case.
Some carriers require leased truckers to carry their own cargo coverage. Others provide coverage but may have high deductibles. Always review your lease agreement to understand your responsibilities.
What Happens If You Don’t Have Cargo Insurance?
If you’re hauling loads without cargo insurance, you’re taking a big risk.
Without coverage, you could be forced to pay for lost or damaged freight out of pocket. Many brokers and shippers won’t hire truckers who don’t have proper insurance, which could limit your job opportunities.
In some cases, not having cargo insurance could even put your business in violation of contract agreements or regulatory requirements.
How to Get Motor Truck Cargo Insurance
Getting the right cargo insurance doesn’t have to be complicated. CargoPolicy.com makes it easy for truckers to get the coverage they need.
We offer two options:
- Short-Term Cargo Insurance – Buy online in minutes for a single haul or short-term need
- Permanent Cargo Insurance – Get a custom quote for ongoing protection at the best rates
Our policies are backed by National Independent Truckers Insurance Company, RRG (NITIC), a truck insurance company dedicated to serving truckers since 2001. We understand the risks you face and work hard to provide affordable, reliable coverage.
Read more about the differences between short-term cargo insurance and permanent cargo insurance.
Get Covered Today
For over two decades, National Independent Truckers Insurance Company, RRG (NITIC) has been providing truckers with affordable, reliable insurance solutions. With a deep understanding of the trucking industry and its evolving challenges, NITIC is committed to protecting independent owner-operators, small fleets, and businesses that rely on commercial freight transportation.
CargoPolicy.com was created to make getting motor truck cargo insurance fast, easy, and hassle-free. Whether you need short-term coverage for a single haul or permanent insurance for ongoing operations, our team ensures you get the best coverage at the most competitive rates.
Don’t leave your cargo unprotected. Trust the experts at NITIC to keep your business moving forward. Get instant coverage or request a custom quote today at CargoPolicy.com.