If you own a business in Jacksonville, FL, that transports goods, you need additional insurance beyond the typical liability coverage that most companies have. Choosing the right type of insurance for such an operation can be confusing, especially if you’re running a new business. Consulting with the agents at 925 Partners can help you find the best insurance policy to protect the goods you transport.
What Is Commercial Transportation Insurance?
Companies that transport goods or equipment need commercial transportation insurance. Unlike commercial auto insurance, which protects your fleet through collision and comprehensive coverage, commercial transportation insurance specifically protects the goods being transported. While commercial auto insurance may cover the loss of goods in an accident, this coverage is not standard and often has a low maximum limit. On the other hand, commercial transportation insurance is designed to protect items inside your company vehicles, including inventory, tools, and equipment your employees may need for a job. Some policies may also cover equipment hauled to a worksite.
Who Needs a Commercial Transportation Policy?
A wide range of professions and industries can benefit from commercial transportation insurance. The most common businesses that purchase this type of insurance include delivery companies and food service businesses, such as restaurants, caterers, and food trucks, or any companies involved in mobile food preparation.
Even if it isn’t legally mandated, many companies you do business with may require it as a term of their contracts. This insurance policy not only protects you but can also protect goods shipped in trucks that you don’t own. Covered risks include accidents, theft, damage from natural disasters, and more.
If you’re wondering whether commercial transportation insurance will adequately protect your business in Jacksonville, FL, 925 Partners can help. Call our office or fill out our contact form online to schedule an appointment.
