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Cargo Insurance & Freight Insurance in Burbank CA & North Hollywood CA

The ability to move products from one place to another is the backbone of our entire economy. Whether you're moving products from a port to a store for sale, helping people move between homes, or transporting raw materials for manufacturing, you know how important it is to get the job done safely and on time. However, without cargo insurance and freight insurance, your business could be at risk if any of your trucks is involved in a serious collision.

You already know how important it is to complete a job correctly. From ensuring loads are packed securely to recruiting safe drivers, you're constantly invested in making your business the best it can be. JCR Insurance Services can help make sure your efforts are protected, and that if something does go wrong, you'll be able to continue operating.

Cargo Insurance Coverage—What's Covered and What's Excluded

Most cargo that is shipped under a proper bill of lading will be covered by your cargo insurance. Major exclusions include, but are not limited to:

  • Alcohol, Tobacco, some medicines, and any illegal drugs
  • Currency and Valuables (especially art, jewelry, coins, and cash)
  • Items considered dangerous (acids, explosives, or radioactive items, including some fireworks and other celebratory products)
  • Living creatures
  • Anything owned by your company

If you plan to ship anything excluded from cargo insurance, it may be covered by another policy (especially if you own the items in question). Otherwise, you can talk to one of our agents about alternatives for cargo insurance and freight insurance that can actually cover the transportation of high-risk items.

Freight Insurance Coverage—Large and Small Freight Shipping Coverage

Your shipping volume is a major factor in finding just how much insurance you need. In 2014, there were over 400,000 collisions involving large trucks, which comes out to over 1100 collisions every single day. The majority of these incidents are not the fault of the commercial truck driver, but the simple truth of the matter is that they do occur on a regular basis.

It's also important to note that collisions are not the only forms of loss—theft is a major problem in some areas, and average losses approach a quarter-million dollars per incident.

Larger trucking companies require more insurance in case there are problems with multiple vehicles, such as thefts from multiple trucks parked in one place. Even smaller companies are at risk, though, making cargo insurance and freight insurance one of the most important defenses of any hauling company.

 

1. "Large Truck and Bus Crash Facts 2014." Federal Motor Carrier Safety Administration. Accessed April 20, 2016. https://www.fmcsa.dot.gov/safety/data-and-statistics/large-truck-and-bus-crash-facts-2014.

2. "Truck Stats." Trucking Statistics. Accessed April 20, 2016. http://www.truckinfo.net/trucking/stats.htm.

3. "Average Truck Cargo Theft worth $232,924 in 2014." Accessed April 20, 2016. http://www.businessinsurance.com/article/20150310/NEWS06/150319974.

Our Location

JCR Insurance Services

2221 W Olive Ave, Ste M
Burbank, CA 91506
Main office: 818-214-8121

Our Providers

Testimonials

Jean Carlo is always pleasant to talk to. He takes care of your insurance needs when he says he will. I just added earthquake insurance on our house policy on the phone, and it hardly took any time. It's never a drudgery to have to communicate with him. I have great faith that he will be there for us if we ever had a problem. We are so glad we have him as our insurance agent!!!
Hang B., Los Angeles
Jean-Carlo is a down-to-earth, knowledgeable and thorough insurance broker. I've called him with insurance questions on a few occasions, and I've been very impressed by his ability to understand my needs and concerns.
Eric R., Burbank, CA
Love JCR services!!! Always there when you need him,very dependable and cares about his clients like they are family.
Robyn S., Los Angeles
JCR Insurance Services is a great company that will service all of your insurance needs. They got me a great deal on my auto and health insurance and Jean-Carlo (the owner) took the time to explain all the details. He provided excellent service in a timely manner.
Erica A., Alhambra