Cargo Insurance: Cargo insurance covers loss of or damage to the freight a carrier is hauling, subject to policy limits, deductibles and exclusions.
Why it matters to owner operators
Brokers and shippers set minimum cargo limits, so check what a load requires before you book. Reefer carriers should also look at coverage for refrigeration breakdown.
Example
A pallet load is damaged in a collision, and the carrier’s cargo policy responds according to its limits and deductible.
Related terms
Compliance & Safety: Getting set up and staying compliant keeps your truck earning. We help new carriers with broker setup packets and certificates of insurance. Talk to our dispatch team or browse the full trucking glossary.
Haul smarter with a dispatch team behind you
Nexloads finds loads, negotiates rates and handles paperwork for owner operators and small fleets. No forced dispatch and no long-term contracts.