Motor Truck Cargo
What is it?
Frontier Risk's Motor Truck Cargo Insurance protects cannabis business goods and cargo transported by commercial trucks and motor vehicles against theft, leakage, damage, or loss.
Why is it important?
Motor Truck Cargo Insurance is crucial for protecting your valuable cannabis products and raw materials during transport. With the cost of a pound of weed ranging between $490 and $1,000 excluding taxes (source), the financial impact of loss can be significant. Cannabis businesses lose 2% to 5% of their total inventory due to theft, including theft during transit, highlighting the need for comprehensive coverage.
What does it cover?
- Theft of Cargo During Transit: This coverage safeguards your cargo from theft, offering peace of mind in case of unlawful cargo theft.
- Damage to Cargo Due to Accidents: In the event of accidents like collisions or overturns, this insurance covers damage, minimizing repair and replacement costs.
- Cargo Loss from a Collision: In case of collisions leading to cargo loss, this insurance compensates, reducing the financial burden.
- Environmental Hazards Affecting the Cargo: This insurance protects against environmental hazards, mitigating financial impacts from events like fires, floods, or extreme weather.
- Loading and Unloading Mishaps: Covering incidents during cargo handling, this insurance ensures damage or loss while loading or unloading, providing security throughout the transportation process.
Why Frontier Risk?
Get Started
Common Questions
In many jurisdictions, motor truck cargo insurance is mandatory for trucking/delivery/transportation businesses, especially for commercial operations. Regulatory requirements vary by region, but compliance ensures financial protection for both cargo owners and trucking companies.
Motor truck cargo insurance protects goods during transit against damage, theft, or loss. Trucking companies purchase policies based on cargo value and transportation routes. If a covered event occurs, Frontier Risk compensates for financial losses, ensuring cargo owners are reimbursed for damages incurred during transportation.