If you own or manage a fleet of vehicles used for the transportation of goods, you are likely to have commercial vehicle insurance to cover your entire fleet in the most effective way possible. Another consideration is transportation insurance, also known as cargo transportation insurance. This insurance protects against the risk of damage or loss for goods in transit caused by accidents and natural disasters.
Business owners who frequently ship goods can benefit from transportation insurance as well. Fleet managers who manage in-house transportation of company-to-company transfers of products and parts are wise to use fleet transportation insurance to provide adequate protection for risks to the cargo.
Work with your agent at Martin Insurance Team, serving Evergreen Park, IL and the nearby area, to design a transportation insurance plan that provides adequate coverage and is an integral part of the long-term business strategy
Variable Cargo Values
With your agent discuss the variable range of cargo values to design a transportation insurance plan that provides the basic coverage needed and can add custom coverage as necessary.
Some plans do this by categorizing the cargo values per fully-loaded vehicle at various levels of coverage. The higher the level of value, the more the policy limit is increased for cargo that is more valuable.
Managing these levels of coverage in real-time may improve the process efficiency of insurance coverage by having the level needed for each shipment as appropriate.
Empty Runs
Another thing to discuss with your agent is the flexibility of transportation insurance when it comes to empty runs that carry no cargo that needs to be insured.
Summary
The goal of the fleet management of transportation insurance is to have the coverage needed, when it is needed, without over or under coverage, in order to be cost-efficient in achieving adequate protection. Call to have a commercial vehicle insurance review and get a quote for transportation insurance from your agent at Martin Insurance Team in Evergreen Park, IL.