What is motor truck cargo insurance?
Motor truck cargo insurance typically referred to just as ‘Cargo’ provides insurance on freight transported by a for-hire motor carrier. It covers the trucker’s liability for cargo. The coverage is not federally mandated, but is almost universally required by shippers in order to transact business. The coverage will pay when the trucking company is responsible for damage or loss of the cargo due to a covered peril such as fire or collision. The coverage offers protection to the trucking company.