Also known as broad form coverage, all-risk insurance provides the most extensive protection. It covers loss or damage to cargo from a wide range of perils, including collision, theft, fire, vandalism, and natural disasters unless explicitly excluded in the policy.

This type of policy covers only the risks specifically listed in the contract. Typical named perils include fire, theft, truck overturn, collision, and certain weather-related incidents. It’s essential to review the policy thoroughly to ensure it addresses the risks most relevant to your cargo.

Ideal for carriers transporting temperature-sensitive goods, this coverage protects against losses caused by mechanical failure or malfunction of refrigeration units. It is especially important for those handling perishable items like food, flowers, or pharmaceuticals.

To ensure adequate protection and value, trucking businesses should evaluate the following factors when selecting a motor truck cargo insurance policy:

1. Cargo Value
Determine the accurate value of the goods in transit. Working closely with clients to establish appropriate valuations helps ensure the coverage limits are sufficient to cover potential losses.

2. Type of Cargo and Special Requirements
Different types of cargo—such as hazardous materials, high-value items, or oversized loads—may demand specialized coverage. Identifying these needs upfront allows for better protection against specific risks.

3. Deductibles and Coverage Limits
Review the deductible amounts and coverage caps provided by insurers. Finding the right balance between premium affordability and adequate protection is key to effective risk management.

4. Carrier Liability Compliance
Federal regulations set certain carrier liability limits. Your insurance should work in tandem with these limits to provide seamless and comprehensive protection in the event of a claim.