Cargo Insurance Explained | Protecting Your Freight and Your Business
- Nate Jones, CPCU, ARM, CLCS, AU
- 6 days ago
- 2 min read
In the world of cargo trucking, your freight is your business. Whether you're hauling electronics, construction materials, or consumer goods, the value of your cargo can be substantial—and so can the risks. Accidents, theft, and damage can happen at any time, and without the right insurance, your company could face serious financial losses.
That’s where cargo insurance comes in. It’s one of the most essential coverages for trucking companies, especially those transporting goods across long distances or state lines. In this guide, we’ll break down what cargo insurance covers, why it matters, and how Wexford Insurance can help protect your business.
What Is Cargo Insurance?
Cargo insurance is a type of commercial trucking coverage that protects the goods you're transporting in case of damage, theft, or loss. It’s designed to cover the value of the freight while it's in transit, whether you're operating a single truck or managing a fleet.
This coverage is especially important for:
Owner-operators
Small fleet owners
New ventures
Specialty haulers (e.g., hot shot, box truck, dump truck, etc.)
Without cargo insurance, you could be held financially responsible for damaged or missing freight—even if the incident wasn’t your fault.
What Does Cargo Insurance Cover?
Cargo insurance typically covers:
Theft – Protection if your freight is stolen during transit or while parked.
Accidental damage – Coverage for goods damaged in a collision or rollover.
Fire and natural disasters – Protection against loss due to fire, flooding, or severe weather.
Loading and unloading incidents – Coverage for damage that occurs while handling cargo.
Refrigeration breakdown – For temperature-sensitive goods, this covers spoilage due to equipment failure.
Coverage limits and exclusions vary, so it’s important to work with an experienced insurance provider to tailor your policy to your specific operations.
Cargo insurance isn’t just a safety net—it’s often a requirement. Many brokers, shippers, and contracts demand proof of cargo coverage before doing business with a carrier.
Having the right policy can help you:
Win more contracts
Build trust with clients
Avoid costly legal disputes
Stay compliant with industry regulations
How Wexford Insurance Supports Cargo Trucking Companies
At Wexford Insurance, we specialize in providing business insurance for transportation-related companies nationwide. Whether you run a cargo trucking company, a box truck fleet, or operate as an owner-operator, we help you find the right cargo insurance to protect your freight and your bottom line.
We offer:
Tailored coverage for cargo trucking businesses
Support for new ventures and experienced operators
Competitive rates and flexible payment options
Expert guidance from agents who understand the trucking industry
Our goal is to make insurance simple and effective—so you can focus on delivering freight safely and efficiently.
Get a Quote Today
Don’t wait until something goes wrong. Contact Wexford Insurance today to get a customized quote for cargo insurance. We’ll help you protect your freight, your trucks, and your business with coverage you can count on.
