Who needs Transportation & Warehousing insurance?
If you work in any of the following sectors, you'll need Transportation and Warehousing Insurance to protect your small business:
What Insurance Do You Need in Transportation & Warehousing?
Commercial Auto insurance will protect your transportation business if you have a fleet of vehicles and your drivers get into a road accident.
Example... Your driver, on the way to a job, collides with another vehicle, damaging both cars. Commercial Auto will cover the costs of repairs and legal costs if a claim is made against you.
General Liability Insurance covers transport and warehousing risks like customer property damage and injury. It also helps you qualify for leases and contracts.
Example... A delivery man slips and fall in your warehouse, suing you for the injury. General Liability insurance covers the costs of their medical bills and your legal defense costs.
Workers' Compensation covers medical costs and wages for employees injured while working, including driving to and from a job. It's mandatory to have this insurance in many states.
Example... An employee slips while unloading cargo fro the truck and sustains a serious leg injury. Workers Comp covers their medical costs and lost wages while they're out of work.
Business Owners Policy (BOP) combines General Liability and Property Insurance at a lower cost. BOP is best for transport and warehousing businesses that want to cover their property ad liability.
Example... While transporting perishable goods, traffic delays and hot weather cause them to perish in your truck. BOP covers their replacement and any legal costs if a claim is made against you.
What Are The Insurance Covers That Truckers Like Me Usually Get?
FAQs: Transportation and Warehousing Insurance
I'm just starting out and everything's pricey. How can CoverWallet help me?
We get it, starting out is tough. That's why CoverWallet combines our high-tech, high-touch approach with our expertise to offer customized insurance that aligns with your specific needs. By understanding your unique risks, we ensure you're not overpaying but still well-protected.
What's a COI and why do I need it so fast?
A COI (Certificate of Insurance) proves you're insured. It's essential for contracts and jobs in trucking. With CoverWallet's technology, getting your COI is quick and streamlined. Our specialists understand your specific needs and will guide you straight to what's essential, so you can hit the road sooner.
I'm not into all this business jargon. Can you make insurance simple for me?
Absolutely! We pride ourselves on our straight-talk approach. Our specialists at CoverWallet are well-versed in the trucking industry and are here to break down the specific risks and needs for you. While we leverage high-tech tools, we always keep our guidance personalized and easy to understand.
As I grow, how easy is it to adjust my coverage with CoverWallet?
Scaling up? No problem. With our technology, adjusting your insurance is a breeze. CoverWallet's specialists ensure your coverage is always customized to your specific needs, whether you're hauling regular cargo or more valuable loads. Our specialists will assess your fleet size to offer you customized volume discounts. We're here to support your growth every mile of the way.
I value partnerships. How does CoverWallet keep me informed about the industry and ensure I’m getting the best deal?
We're committed to being your trusted partner. Through our online presence, thought-leadership articles, and frequent check-ins, we keep you updated on industry trends. Our technology-driven expertise ensures you're always equipped with customized solutions tailored to your specific risks and needs.
Can I meet CoverWallet in person to discuss my business needs and explore new features?
Absolutely! We value face-to-face interactions. Catch our specialists at trade fairs or schedule a meeting. We’re eager to discuss how our technology can offer customized solutions, address your specific risks, and help your trucking business flourish even further.