Oak Creek, WI business owners are required to purchase commercial auto insurance when they operate motor vehicles in association with their corporations, and this can include work trucks, buses, and vans.
Benefits of Transportation Insurance
People who arrange for you to transport their goods have assurance when you have transportation insurance. It means that if their items are destroyed, they may have a financial remedy without necessarily having to take you to court. This expedites the process of recovering any loss and is also something a company may require before partnering with you.
Transportation insurance can also benefit the parties who receive your shipments, as it ensures reliable service from you. Companies that receive products on a regular schedule need suppliers who can guarantee expedient and dependable delivery of the goods they rely on.
Your indemnification helps ensure your company runs smoothly even amid unforeseen circumstances, and your Bronson Insurance Services representative can provide specific details as to what would be covered.
Companies who operate trains carrying cargo can have peace of mind when they buy transportation insurance, and trucking companies also need protection against risks, such as accidents or severe weather. In addition, they can move substances composed of hazardous materials which pose additional peril to those on the road or who are involved in a wreck.
You may also incur costs due to delays outside your control when they interfere with schedules, and your cargo can be subject to damage from vandalism. In addition, transportation vehicles can be robbed or can catch fire when involved in a collision, destroying freight.
Let Us Help
Oak Creek, WI residents benefit from Bronson Insurance Services in a variety of ways, as we tailor our packages to suit their needs. We look forward to receiving your call, internet visit, or in-person consultation and can answer any questions you may have.
The transport sector is quickly expanding — the demand is rising, and customers are asking for faster shipping times. As pressure grows, the error rate increases, putting the transport industry on edge. Luckily, the transportation sector can cushion itself with transportation insurance. Don’t know much about transportation insurance? Hang on as Bronson Insurance Services of Oak Creek, WI, sheds more light on this coverage.
What is transportation insurance?
Transportation insurance protects those who are in the business of moving goods. Transportation insurance can apply to individual businesses but is widely used in commercial companies transporting goods locally and internationally. It covers goods while being transported on land, air, or water. Ultimately, you may need transportation insurance if you are in the below categories:
- Retailers and wholesalers
- Importers and exporters
- Freight forwarders
- Common carriers
- Multinational companies
What does transportation insurance cover?
When you are handling goods on behalf of others, a lot can happen. It could be damage or theft of goods. Thankfully, you don’t have to bear such losses if you have transportation insurance. Generally, this coverage provides the below protection:
- Covers theft or damage to goods: Whether the goods are in storage or transit, transportation insurance covers damage or loss to these goods. Businesses that have inventories should ensure that the logistics company has invested in this insurance as it offers security and financial protection should losses occur.
- Liability protection: Should your truck or moving vehicle cause bodily injury or property damage to other people, transportation insurance should come to your rescue. Because liability claims can be expensive, especially when lawsuits are involved, investing in transportation insurance is the best thing you can do for your business.
Ready to get started with transportation insurance in Oak Creek, WI? Please get in touch with Bronson Insurance Services for an affordable quote.