Transportation and Trucking

With cargo insurance, a manufacturer or retailer can guard their enterprise against financial losses related to the damage of goods in storage. While cargo insurance is often confused with freight insurance, only the latter is geared toward transportation companies, as it covers the value of freight during transit.

The cost of your transportation insurance will not only depend on your claim history and management. It also depends on an array of industry-specific factors that you must consider equally in day-to-day business operations.

• What class of goods are you shipping?
• Does that class require additional precautions, or is it high in value?
• What’s your company’s driving rating and claims history?
• Are you following general recommendations for safety programs?
• What transportation distances do you typically cover?

Talk to a Marsh McLennan Agency consultant to learn how these factors can affect your premiums.

You’ll need several insurance policies to protect all parties involved in your operation and the goods transported.

Freight insurance will cover the cost of freight during transit. Whether you need to complement that coverage with cargo insurance depends on the services you offer.

To cover common issues in everyday business, you should invest in general liability, commercial auto, and workers’ compensation insurance. Due to the higher exposure in the cargo industry, you should also consider additional coverage for bodily injury and property damage.

Aside from industry-specific coverage lines, Marsh McLennan Agency provides a range of employee health and benefits services that can be specifically tailored to your needs.

Due to long periods of sedentary work, truck drivers are susceptible to a number of health conditions. We can help you find health screening, nutrition counseling, and stress management programs to support your employees and steer them toward a healthier lifestyle.

Our retirement plans allow your employees to save for their future and relieve the stress that often accompanies financial worries. Offering matching contributions to your employees’ 401(k) plan helps alleviate their tax burden. This positions you as a caring employer, which can help attract and retain talent.