Transportation Insurance

The transportation industry is incredibly broad. Moving people and things from one place to another can get complicated. What you transport, where it goes, how it gets there, and other factors are just the tip of the iceberg. That is why you need specialized transportation insurance to take your industry and business-specific risks into consideration.

Specialized transportation insurance that gets to the heart of your business

Imagine a company that transports goods with one truck and only goes a short distance. They have different needs than a company that moves high-value items across the country with a large fleet of trucks. If your business transports people, there are entirely different risks to consider. Interstate, international, and intercontinental transportation each have their own specific needs to consider as well. Your transportation insurance should be tailored to your business so you get the right coverage for any circumstances.

Insurance for your vehicles in your transportation business

Vehicles make up a significant piece of many transportation companies. Having proper business auto insurance is the first step to a comprehensive insurance program. For some organizations, a standard business auto insurance policy might be enough. This provides coverage for physical damage to its own vehicles and liability coverage for property damage or bodily injury a driver might be responsible for. For businesses with a large number of vehicles, fleet insurance might be a better option.

You have different insurance needs depending on what you transport

What you transport matters and the type of transportation insurance you need should respond to that risk. For example, trucks carrying high-value items are at higher risk for cargo theft. If you are transporting people, in a chartered bus, limousine, or school bus, your liability insurance needs to cover you in the event of an accident or personal injury. If you are transporting pets or livestock, you will want your policy to reflect that as well.

Managing the logistics of transportation requires insurance protection

There's a lot of planning involved when it comes to transporting goods from one place to another. Transportation logistics provides coverage for times when things do not go as planned. Maybe a shipment is delayed, a connection is missed, or something else happens. You can be held responsible for damages this causes others. Additionally, if part of your business involves warehousing vehicles or goods that belong to someone else, you will need specific coverage for that.

Covering the business end of your transportation business

There are some insurance coverages that are recommended for most businesses. For example, if you have a computer network that holds customer information, cyber liability insurance is important. Employment practice liability insurance (EPLI) provides protection if you are accused of discrimination or harassment. Commercial property and general liability insurance are essential to protect your building and property, as well as offering coverage in the event that someone is injured on your property.

Do you need specialized transportation insurance for your business? Contact us to discuss your options for your specific business.

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