Cargo Insurance

Business vehicles are utilized for different business uses.  Transporting commodities is a very common use.  Extension auto policies can be obtained to cover off any physical damage and liability for the vehicle, but when it comes to covering the commodities, cargo insurance is what you need.

This insurance provides coverage for physical loss or damage to the cargo (owned and non-owned) while in transit, being loaded or being unloaded.  Limits for cargo insurance are set by both by provincial regulation and by the value of the commodities transported.

Certain classes of Saskatchewan license plates legally require cargo insurance to be in place.  This includes, but is not limited to, class A plates.  Minimum limits are based on the registered gross vehicle weight.

What is Covered by Cargo Insurance?

This coverage does not cover your vehicle, but the commodities that are being hauled or transported are covered by this insurance for things such as theft, physical loss or damage while being unloaded, loaded or while it’s in transit. This coverage will keep you with the perfect peace of mind while shipping or receiving your goods!

How Much Does Cargo Insurance Generally Cost?

This all depends on how the commodity is being loaded/unloaded, cost of the commodity, and other underlying factors. If you would like more information on cargo insurance contact a broker 1-833-277-9438 or get a commercial quote online here!

Watch Another Video: Commercial Liability Explained