Advance Business Capital offers
Cargo Insurance to Customers
Finally. Cargo Insurance That Really Covers Your Cargo
Veteran truckers know that cargo insurance is a gamble. The minimum liability coverage required of an owner-operator by DOT is $5,000, which is widely agreed to be seriously inadequate in case of loss or damage. The independent trucker is in more than a bind; he’s in a trap. The truth is that the way most cargo coverage is written, a $50,000 policy wouldn’t be adequate. Nor, for that matter, a $5 million policy.
The loopholes are big enough to drive a truck through. More
Small truckers get the biggest shaft when it comes to Cargo Insurance.
The Simple Facts:
With most ost Cargo Insurance policies “exclusions” keep many clients from collecting on claims they have no control over.
- ABC has factored millions of freight bills.
- Thousands of those involved claims for cargo damage.
- In none (0.00%) of those claims have we ever seen the Cargo Insurance policy provide any coverage
Standard cargo insurance policy, with all the normal exclusions, is required by law but practically worthless.
Standard policy exclusions include:
- Unattended truck. This includes going to the bathroom.
- Crime policy. If a carrier hires a relative, even a spouse, without a documented criminal background search.
By pooling the ABC client base together, we’ve been able to draft a cargo insurance form without these exclusions similar to large fleet policies – at a competitive rate with flexible payment terms..
The process is very simple. Download our insurance application (pdf) fill it out and fax it to the number on the cover sheet. A qualified agent will handle your application and contact you within 24 hours!
