Overview of a Livestock Cargo Insurance Policy

Truck Insurance

B Triple Cattle TrailerIntroduction to cargo insurance

Carrier types of vehicles like those transporting cargo are legally required to be covered with an appropriate insurance policy. So if you own and operate a livestock cargo vehicle for your farm animals you need to consider buying a livestock cargo insurance policy to offer protection for unexpected events like road accidents or natural disaster. Remember, great risks are involved while transporting livestock to their destination.

Are there limitations to a livestock cargo insurance policy?

Cargo insurance products come with different types of protection coverage and limitations. There are cargo insurance policies that cover risks concerning the following areas:

  • Broad form

  • Legal liability

  • Motor truck freight

  • Open cover cargo

  • Specific cargo

  • Contingency insurance

In general, insurance policies are specifically designed for the needs of the owner and take into account the nature of the business as well as the extent of risks the cargo will have to deal with, whether on the road or while stored at a storage area.

Benefits of being covered with livestock cargo insurance

Depending on your chosen insurance coverage package, the benefits a policy holder will receive upon signing the livestock cargo insurance policy include protection for:

  • Potential damage due to improper packing or mishandling of goods or items being loaded and unloaded from the cargo

  • Infestation

  • Abandonment of cargo

  • Potential rejection by customs

  • Employee dishonesty

A special type of protection coverage may also be considered to cover risks to the cargo while at the storage area, such as:

  • Collision with other vehicles

  • Bad weather conditions

  • Sinking

  • Derailment

  • Non-delivery

  • Theft/vandalism

  • Fire

  • Natural disaster (earthquake, severe flooding)

Where can I get a free livestock cargo insurance quote?

If you have finally decided to buy livestock cargo insurance and wish to have many quotes for comparison, I suggest you do the following to get free quotes from reliable insurers:

  • Search online for reliable insurance companies with informative websites

  • Ask for referrals from friends and fellow owners of commercial vehicles for names of insurers

  • Hire a licensed broker who specialises in insuring commercial trucks and cargo

  • Call each of the prospective insurers on your list to get a free livestock cargo insurance quote

  • Visit your local insurance firm and ask for an obligation free quote

Is there a possibility of reducing my livestock cargo insurance premium?

Implementing safety measures is one of the effective strategies to reduce the cost of your proposed livestock cargo insurance premium. Below are common practices to ensure the safety of your cargo against perils, issues of theft or vandalism and accidents:

  • Install security cameras within the premises where your cargo is stored

  • Assign a highly trained driver to drive and operate the cargo

  • Put top performing locks and alarm devices on the unit

  • Do regular maintenance checks to guarantee the cargo’s condition while on the road

  • Do repairs or replace worn parts to prevent road accidents like derailment or a major collision.

Unavoidable events could strike at anytime while driving your cargo or even when the vehicle is not in use. Add enough protection where your cargo needs it most and be sure you inquire about the ideal livestock cargo insurance policy before making a final purchase.

Truck Insurance HQ are market leaders in the truck and transport sector and have specilist brokers ready to provide you with obligation free quotes, we have over 170 insurers to choose from and are able to get you competitive quotes for Livestock Cargo Insurance. Call us on 1300 815 344 or go online and request a quote and one of our brokers will call you back.