Cargo insurance protects the goods you transport, so if you suffer a loss such as theft, fire, crash, or collision that damages your shipment, you’ll be protected. Additionally, it’ll cover the expense of removing debris from roadways, which is beneficial because these costs can be quite high. Also, it’ll help with the funds needed to prevent additional damage to the cargo in question, as well as any legal defense costs that may arise.
As you can see, cargo insurance is a necessity. However, that doesn’t mean it’s a cheap expense. When shopping around for affordable cargo insurance, there are certain things you can do to save on your rates.