Motor Truck Cargo Insurance

Motor truck cargo insurance is essential in the trucking industry. It protects motor carriers from financial loss if a customer’s goods are damaged, destroyed, or lost during transit. With many coverage options available, carriers should choose the type of cargo insurance that fits their operations.

Federal law does not require cargo insurance for motor carriers who do not transport household goods (BMC 34 or BMC 83). Even without a mandate, trucking companies should carry cargo insurance to protect freight.

Many policies include exclusions and deductibles, which limit what is covered. Most for-hire carriers choose $100,000 in coverage. The exact amount depends on the type of cargo, shipper or broker requirements, and the carrier’s risk exposure.