How to Choose the Right Cargo Coverage for Your Trucking Company
- Nate Jones, CPCU, ARM, CLCS, AU
- Sep 11
- 3 min read
If you run a trucking company, your cargo is your business. Whether you're hauling electronics, construction materials, or retail goods, protecting that freight is essential. One accident, theft, or cargo spill could result in thousands of dollars in losses—not to mention damage to your reputation.
That’s why having the right cargo trucking insurance is critical. It not only protects your freight but also ensures your business stays compliant and financially secure.
What Is Cargo Insurance?
Cargo insurance (also known as motor truck cargo insurance) covers the goods you transport in case of damage, theft, or loss while in transit. It’s a key part of any commercial truck insurance policy and is often required by brokers, shippers, and contracts.
At Wexford Insurance, we help trucking companies—large and small—find the right cargo coverage to match their operations, freight type, and risk exposure.
A well-rounded cargo trucking insurance policy typically includes:
Physical Damage Truck Insurance – Covers your vehicle from collisions, theft, vandalism, and natural disasters.
Motor Truck Cargo Insurance – Covers the freight you haul in case of theft, damage, or loss during transit.
Trailer Interchange Insurance – Essential if you use non-owned trailers to transport cargo.
Auto Liability Insurance – Protects against bodily injury and property damage caused by your truck.
General Liability Insurance – Covers non-driving-related incidents, such as injuries during loading or unloading.
How to Choose the Right Cargo Coverage
Here are a few important factors to consider when selecting cargo insurance for your trucking company:
1. Know What You’re Hauling
Different types of cargo come with different risks. For example, electronics and pharmaceuticals are high-value and more prone to theft, while construction materials may be more susceptible to damage. Make sure your policy covers the specific types of freight you transport.
2. Understand Policy Limits and Exclusions
Cargo policies have coverage limits—usually based on the value of the load. Be sure your policy limit is high enough to cover your most valuable shipments. Also, review exclusions carefully. Some policies may not cover certain goods or specific causes of loss (like unattended vehicles or acts of God).
3. Consider Deductibles and Premiums
Higher deductibles can lower your monthly premium, but make sure you can afford the out-of-pocket cost if a claim arises. Wexford Insurance helps you strike the right balance between affordability and protection.
4. Bundle With Other Coverages
Combining cargo insurance with auto liability, physical damage truck insurance, and trailer interchange coverage can save you money and simplify your policy management. Wexford Insurance offers bundled packages tailored to owner-operators, fleets, and new venture trucking businesses.
5. Work With a Specialized Insurance Agency
Choosing a provider that understands the trucking industry is key. Wexford Insurance specializes in transportation-related business insurance, offering expert guidance and customized coverage for cargo trucking companies across the U.S.
Final Thoughts
Choosing the right cargo trucking insurance is one of the smartest moves you can make to protect your freight, your clients, and your bottom line. Whether you're just starting out or managing a growing fleet, Wexford Insurance is here to help you find the right coverage at the right price.
Contact Wexford Insurance today to get a personalized quote and expert support for your cargo trucking business.
