570-392-9969

Cargo Insurance & Freight Insurance

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. Molyneaux Insurance Agency 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.

Molyneaux Insurance Agency

204 N Front St

Sunbury, PA 17801

Main office: 570-392-9969
Fax: 570-286-7367

Office Hours:

Mon: 9:00 AM - 5:00 PM
Tues: 9:00 AM - 5:00 PM
Wed: 9:00 AM - 5:00 PM
Thurs: 9:00 AM - 5:00 PM
Fri: 9:00 AM - 5:00 PM
Sat: By Appointment
Sun: Closed

Our Providers

Testimonials

I love how you have helped save me and my clients money on our home owners and car insurance! Thanks for all you do! Its nice to know that there's an insurance agent on our side! I hope we can do much more business in the future!
Laura S.
I had been with the same insurance company since I started driving. I always just assumed that because I was a loyal customer and had a clean driving record that i was getting the best rate possible and was not looking to switch companies. I have known Bradley for many years so when I heard that he had started 'Molyneaux Insurance' I decided to inquire about prices believing that the quote I would be given would be higher than what i was currently paying. To my surprise, it was not! I had learned that through all my years of service with my insurance provider I was over paying...ALOT!!! Bradley took the time to drive to my home and sit down with me and go over every detail to make sure I understood the policy and still had the best coverage. Without hesitation I switched and currently save $2000 a year for the same coverage!!! I didn't have to worry about making any uncomfortable phone calls to cancel my old provider either...Molyneaux Insurance does it all! Bradley even made a follow up call to make sure I received my new cards and that my old provider had received the cancellation paperwork. I recommend Molyneaux Insurance to everyone!!
Alicia M.