Goods Carried Insurance
Goods Carried Insurance, also known as goods transportation insurance, serves as protection to shipping companies who frequently carry goods across any distance of land. Usually, this kind of insurance falls under “umbrella protection” insurance, which is a contractual agreement that a trucking company has with an insurance company to provide insurance to each truck that carries goods without needing a new contract specifying the goods and travel distance of each truck.
Goods carried insurance is invaluable for trucking companies, as the insurance premiums are rather negligible when considered in comparison to the values of the goods that each shipment may be carrying.
Goods carried insurance works well for both sides of the contract (i.e. the insurance company AND the trucking company) because the insurance company makes money through economics of scale (i.e. a large number of trucking companies are paying into the insurance “pool”, so to speak) while not charging much to each of the trucking companies that it services. Meanwhile, each individual trucking company will not have to pay much for the insurance, and it can prove to be truly invaluable when the need arises for its use.
East West Insurance Brokers is one of the finest insurance companies in the business, and we are proud to offer carried goods insurance of varying amounts at some of the cheapest rates in the industry. We would like to be the insurance company that services your trucking business, and we stand by our promise to uphold integrity and service to the best of our ability.
If you would like to view our carried goods insurance offerings, please call one of our agents at 1-800-809-132, or visit our website at https://www.eastwestinsurance.com.au/.