Reefer trailers are used to ship cargo that requires temperature control, such as produce or dairy products. They may be used by retail food warehouses, meat packing plants or local catering companies. Although reefer trucks are a large capital investment for any company, they can be very profitable. However, if you don’t have the proper insurance coverages, you could face devastating financial losses if you are in an accident. Not only do you have to worry about the liability from the wreck, but you also have to think about cargo spoilage.
If you specialize in the transport of refrigerated goods, then you likely face unique challenges like preventing food spoilage. If your truck or refrigerated unit breaks down, then you could be looking at cargo loss. Fortunately, specialized reefer insurance can protect you in the case of food spoilage and other issues unique to your specific job.
Reefer Truck Coverages
If you operate a reefer truck, then you’ll need specialized insurance tailored to your needs. Regular truck insurance will not cover things like transporting high-risk commodities like seafood. Therefore, it is imperative that you know what reefer truck coverages you need and purchase a comprehensive policy that will fully protect your business. Look for the following reefer truck coverages:
Physical Damage (Collision and Comprehensive)
Physical damage coverage consists of collision and comprehensive coverage. Collision coverage can help repair your truck if you’re in a wreck and the truck is damaged. Comprehensive can help cover losses not caused by a collision, for example fire, theft, vandalism, and animal strike.
Auto liability insurance protects you from liability when your reefer truck is the cause of an auto accident. There are generally two parts to liability insurance — property damage and bodily injury. Property damage can pay for damage to other people’s property. Bodily injury provides medical payments to other drivers or persons that might be injured in an at-fault accident. This is a really important coverage.
In the event of a mechanical breakdown, it is not uncommon for refrigerated cargo to spoil. This specialized coverage provides coverage for cargo loss in the event of a mechanical breakdown or a problem with your refrigerated unit. Since you’re depending on your cargo to stay nice and cold, it’s important to account for situations where that might not happen.
What happens when a load cannot be delivered due to a covered cargo loss? That’s where earned freight coverage comes in – it can help with the lost income.
These are only some of the coverages you might need for your business. It’s important to make sure your business is covered for all the risks you face.
Get Multiple Quotes on Reefer Insurance
To protect against a huge financial loss, you must have the right reefer insurance. It pays to shop around. Rather than doing it on your own, let us provide you with multiple quotes on reefer insurance. We know the ins and outs of reefer insurance, and we can help you find the best reefer insurance for your business needs. You can get started with quotes by filling out our online quote form or giving us a call today.