Commercial transportation insurance may not seem necessary for many businesses. However, when it comes to shipping goods, its necessity becomes undeniable. Cargo being transported from one place to another is often expensive, encapsulating an entire inventory of goods. Without proper coverage, the cost of damaged cargo could soar to astronomical levels. Here at 925 Partners, we understand that transporting goods to Jacksonville, FL, can have substantial repercussions for both the shipper and the receiver.
What Constitutes “Damaged Cargo”
Many people believe that coverage only extends to cargo damage resulting from a crash. This, however, is not entirely accurate. In reality, damaged cargo includes a wide range of accidental incidents, such as improper handling, theft, and natural disasters.
Commercial transportation insurance will protect you if you face any unfortunate situations. Cargo damage can lead to potential revenue loss, tarnish a company’s reputation, and escalate overall costs. Commercial entities don’t need to fret; they can contact our offices in Jacksonville, FL, today.
What Does Commercial Transportation Insurance Cover?
Commercial transportation insurance encompasses more than just damaged cargo. It also extends to other factors associated with damaged goods. This includes the cost of filing claims for the vehicle, investigations in case of theft, and expenses incurred for repairs and replacement of goods. In summary, commercial transportation insurance can help shoulder the costs of repairing and replacing goods.
The Bottom Line
While avoiding commercial transportation insurance may save companies short-term monthly costs, it can substantially impact their bottom line in the long run. A single cargo vehicle accident can cost the company thousands of dollars. To mitigate this potential financial loss, it is prudent for businesses to find suitable coverage. Our team at 925 Partners can assist with discussing policies, coverage, and more. All you need to do is contact us today.
