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Cargo Insurance & Freight Insurance

The ability to move products from one place to another is the backbone of our entire economy. Whether you're moving products from a port to a store for sale, helping people move between homes, or transporting raw materials for manufacturing, you know how important it is to get the job done safely and on time. However, without cargo insurance and freight insurance, your business could be at risk if any of your trucks is involved in a serious collision.

You already know how important it is to complete a job correctly. From ensuring loads are packed securely to recruiting safe drivers, you're constantly invested in making your business the best it can be. Maryann Wain Insurance can help make sure your efforts are protected, and that if something does go wrong, you'll be able to continue operating.

Cargo Insurance Coverage—What's Covered and What's Excluded

Most cargo that is shipped under a proper bill of lading will be covered by your cargo insurance. Major exclusions include, but are not limited to:

  • Alcohol, Tobacco, some medicines, and any illegal drugs
  • Currency and Valuables (especially art, jewelry, coins, and cash)
  • Items considered dangerous (acids, explosives, or radioactive items, including some fireworks and other celebratory products)
  • Living creatures
  • Anything owned by your company

If you plan to ship anything excluded from cargo insurance, it may be covered by another policy (especially if you own the items in question). Otherwise, you can talk to one of our agents about alternatives for cargo insurance and freight insurance that can actually cover the transportation of high-risk items.

Freight Insurance Coverage—Large and Small Freight Shipping Coverage

Your shipping volume is a major factor in finding just how much insurance you need. In 2014, there were over 400,000 collisions involving large trucks, which comes out to over 1100 collisions every single day. The majority of these incidents are not the fault of the commercial truck driver, but the simple truth of the matter is that they do occur on a regular basis.

It's also important to note that collisions are not the only forms of loss—theft is a major problem in some areas, and average losses approach a quarter‑million dollars per incident.

Larger trucking companies require more insurance in case there are problems with multiple vehicles, such as thefts from multiple trucks parked in one place. Even smaller companies are at risk, though, making cargo insurance and freight insurance one of the most important defenses of any hauling company.

 

1. "Large Truck and Bus Crash Facts 2014." Federal Motor Carrier Safety Administration. Accessed April 20, 2016. https://www.fmcsa.dot.gov/safety/data-and-statistics/large-truck-and-bus-crash-facts-2014.

2. "Truck Stats." Trucking Statistics. Accessed April 20, 2016. http://www.truckinfo.net/trucking/stats.htm.

3. "Average Truck Cargo Theft worth $232,924 in 2014." Accessed April 20, 2016. http://www.businessinsurance.com/article/20150310/NEWS06/150319974.

Our Location

Maryann Wain Insurance

1458 S Robertson Blvd
Los Angeles, CA 90035
Main office: 310-893-1817

Our Providers

Best service ever!! I've been working with them for a few years now- they always get me the best rate! Awesome crew, very helpful- always there to help when I call - prompt and always on time. Could not ask for a better insurance crew. I love this guys! Sophia is the best!! Thank you!!
Roy G.
Sad to see people rate this company lower than a 5. I called Hector Gomez in a panic to get out of my current insurance policy due to a negligent agency. My previous agency quoted me a low price and charged my account $80 more than what she quoted! Hector waved his magic insurance wand and made everything go away, gave me a better policy, and peace of mind. Nationwide is way more up to date with their billing electronically and I'm always aware of what's going on. Any question/s I have, Hector answered them, even late at night when my mind won't shut off and questions kept arising! I highly recommend this company, they're fast, efficient and straight to the point. Thank you guys!
Laura W.
This agency is great!! They are professional, knowledgeable and are there when I need them. The staff are really nice people who are looking to help. I have had bad experiences with the norm insurance agencies but Maryann and her crew seem to make things easier for me. I would recommend this insurance agency to my friends and family!
Natasha R.
Legendary agency. In 2013 my band bought an old transit bus from the city and retrofit it into a tour bus after the advent of a mega-underground national tour. Truth be told I don't know how I ended up on the phone with Edward amidst a sea of dead end insurance calls but within minutes our band finally had our first agent. An insurance agent, yet remarkably more valuable than a booking agent. Safe and insured we hit the road on a most epic road trip. The tale of the band on the moon can probably be read somewhere else on the internet but not here. Fast forward til June 2015 when I am resurrecting the bus for another cross country bound; I'm moments from hitting the road after days of mechanical work to get the engine to fire from being left for dead in Indiana through the winter. I realize the insurance has lapsed. I call and talk to Edward and Sophia and we're insured before we could get a half mile down the road. Since then through storage woes and relocating the bus around southern california Sophia has been diligently helpful and thoughtful checking on my policy and emailing me reminders. Oh and I should not forget to mention her witty charm and overall superb awesomeness. Truly the best service I've ever had with any automobile and they've done it with a moon bus. Thank you!
Greg H.