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Transportation, Freight, and Courier Insurance Solutions with LMBF

Transportation insurance protects companies that transport goods, materials, products, and even people via plane, car, truck, ship, etc. There is always a risk with the open road, air, and even water that goods in transit could be damaged, delayed or lost - or that the vehicles and passengers themselves could be hurt in an unexpected accident. LMBF is happy to provide your transportation business with the insurance coverage it needs to have peace of mind while doing deliveries, transporting clients, and more.

Transportation Insurance - What it Covers

Vehicles

Vehicles

Different types of transportation companies operate with different transport vehicles, from planes to small cars. Your company depends on its fleets to get back on the road and continue making deliveries. Commercial vehicle insurance or fleet insurance can cover your company’s trucks, planes, cars, ships, or otherwise from losses.

Liability

Liability

With some transportation companies, some amount of liability insurance is required. This protects your company in the event that a third party alleges you are responsible for bodily injury or property damages, covering you for any settlement fees, defense costs, or legal expenses.

Unloading and Loading

Unloading and Loading

Your courier insurance may offer coverage for goods in transit, but it can also cover them if any mishandling or accidents occur during the unloading and loading process. Depending on your coverage, this can include all or the partial value of the goods being loaded/unloaded.

  What transportation insurance covers
  • Commercial general liability (CGL)
  • Goods in transit
  • Unloading and loading
  • Explosions, impact, etc.
  What transportation insurance excludes
  • Gradual damages
  • Criminal activity
  • Intentional damages
  • Illegal goods or cargo

What is transportation insurance?

Transportation can be applied to both personal lines insurance but in commercial insurance it refers to the insurance protection that is designed for transportation, freight, and courier companies which transport goods, products, materials, and people via land, air, and water. Transportation insurance can be beneficial for train companies, airlines, moving companies, trucking companies, and more. This policy offers customizable protection if losses occur.

Types of Transportation Insurance Products

The terms and amounts of coverage can largely vary from one transportation company to the next, depending on your specific insurer and your transportation enterprise’s requirements. While damages are unlikely to occur, the cost of a disaster or a loss can be astronomical. Should you ever have to submit a claim, it helps to understand what you might be covered for. See below for some samplings of the various coverage options that may be available to purchase with your transportation insurance policy, or discuss your coverage fine print with the help of an expert, like the brokers at LMBF.
Surety Bond

Surety Bond

  • Bonds
  • Guaranteed payment
More info
Property Insurance

Commercial property

  • Physical property
  • Stored belongings
  • Contents
More info
Professional Liability Insurance

Professional liability

  • Negligence
  • Misinformation
  • Omissions
More info
Commercial Auto Insurance

Commercial auto insurance

  • Collision
  • Comprehensive
  • Liability
More info
Business Interruption Insurance

Business interruption

  • Ongoing wages
  • Employee payroll
  • Bills
  • Rent
More info
Commercial General Liability Insurance

Commercial general liability

  • Bodily injury
  • Advertising injury
  • Property damage
More info
Cyber Insurance

Cyber insurance

  • Data breach
  • Restoration costs
  • Liability
More info
Cargo Insurance

Cargo insurance

  • Goods in-transit
  • Accidents
  • Damages
More info
Umbrella Insurance

Umbrella insurance

  • Extended liability
  • Advertising injury
  • Bodily injury
  • Property damage
More info
Equipment Breakdown Coverage

Equipment breakdown

  • Unexpected breakdown
  • Machinery
  • Boilers
More info
Directors and Officers Liability Insurance

Directors’ and officers’ liability

  • Lawsuit expenses
  • Defense costs
More info
Warehousemans Legal Liability

Warehouseman’s legal liability

  • Warehouse operator failure
  • Damage or loss of goods
More info
Crime Insurance

Crime insurance

  • Dishonesty
  • Fraud
  • Criminal activity
More info
Freight Forwarders Legal Liability

Freight Forwarders Legal Liability

More info
Risk Management

Risk management

  • Strategies
  • Risk reduction
  • Mitigation
More info

Our Transportation Insurance partners

Transportation insurance can vary depending on the insurer you are with and the exact requirements of your business. Thanks to LMBF’s partnerships with some of the top insurance carriers around, we are confident in our ability to get you the freight, transportation, or courier insurance that you need. Start with a free transportation quote with LMBF today from one of our many great partners and see why it makes a difference to work with only the best.

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Want to Get Started on Your Transportation Insurance Policy? Start with a Transportation Insurance Quote.

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Transportation Insurance: Frequently Asked Questions

A: If you are an auto transporter company, you may be required to carry liability insurance as a bare minimum. As a recommendation, your company should also carry cargo insurance to cover any damages to the automobile(s) during transit. That being said, coverage amounts and options can vary by insurance policy, so always familiarize yourself with the fine print of yours or discuss with an LMBF insurance broker for more information.

A: It depends on your coverage, but ideally, your transportation insurance would include protection for goods in transit. Depending on the amount of coverage you choose, that could insure the total or only a partial value of the cargo being transported.

A: Fleet insurance is typically designed for companies that utilize five or more commercial vehicles at any one time. Commercial automobile insurance is better designed for individuals or small companies that only have one or two business vehicles - whether truck, van, car or otherwise. A delivery driver might have commercial automobile insurance whereas a delivery company might utilize fleet insurance.

A: It is not a legal obligation to have your company carry freight insurance in order to ship or transport goods anywhere in the world. But, mandatory or not, it’s important for you, as the chief of ensuring that the goods you are transporting get safely and efficiently to their destination, carry sufficient insurance. This may include freight insurance - which insures the total or a portion of the total value of the cargo being shipped.

A: It depends on what your company does. In most circumstances, purchasing and securing a cargo insurance policy is for the sender of the shipment to do. If your company delivers cargo or operates as a carrier, whether that’s via train, truck, ship, or plane, it’s up to you to coordinate with your own commercial insurance provider.

A: While transportation may not be a legal requirement, it is critical to cover damages or a loss of goods as a result of mishandling or accidents while in transition. As a business that depends on the preservation of the goods being transported to uphold its reputation, transportation insurance provides peace of mind and considerable financial protection in the event that a loss does occur - in transit, while loading, or even unloading.