Cargo Insurance

Your customers count on you to deliver—and so does your reputation. Cargo Insurance covers the freight you're hauling in case of damage, theft, or loss while in transit.

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Safeguarding Your Cargo

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Required Protection

Risk managers mandate cargo insurance in for-hire trucking operations.

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Cargo Coverage

Protect against physical loss or damage to goods during transit.

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Value-based Pricing

Price based on goods value, transportation mode, shipping distance, and more.

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Coverage Options

Choose from several different protection levels to match your risk exposure.

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Custom Solutions

Tailor policies with specific coverage limits, deductibles, and endorsements.

What Cargo Insurance Covers

Cargo Insurance typically covers the value of goods in transit that are lost or damaged due to:

  • Theft or vandalism
  • Traffic accidents
  • Fire or explosion
  • Severe weather or natural disasters
  • Equipment failure or shifting loads

Cargo Insurance does not cover general liability, personal injury, or damage to your own vehicles. It strictly covers the freight being transported.

Who Needs Cargo Insurance?

Cargo Insurance is essential for most for-hire trucking operations, particularly those using:

  • Box Trucks
  • Dump Trucks
  • Car Haulers
  • Flatbeds
  • Cargo Vans
  • Tractor-Trailers
  • Cement Mixers
  • Dually pickups
  • Most trailer types
Many brokers, shippers, and freight contracts now require proof of cargo insurance before assigning loads.
How Are Premiums Determined?

How Are Premiums Determined?

Cargo Insurance premiums are based on:
  1. Type and value of goods hauled
  2. Operating radius and typical routes
  3. Type of vehicle or trailer used
  4. Loss history and safety practices
  5. Desired coverage limits and deductibles

Through Degree 9, you’ll have access to highly customizable options that align with your hauling operation and contractual obligations.

Flexible Coverage for Unique Operations

Flexible Coverage for Unique Operations

  1. All-Risk Coverage – Broad protection for most causes of loss, unless specifically excluded
  2. Named Perils Coverage – Covers only risks explicitly listed in the policy
  3. Single Voyage or Trip-Specific Coverage – Ideal for one-time hauls or high-value shipments

Our team can help you determine which option is best for your risk exposure, budget, and business model.

Protect the Goods You Haul

Protect the Goods You Haul

When you're in the business of transporting goods, your cargo is more than freight—it’s your reputation and livelihood. Cargo Insurance protects the commodities you carry against physical loss or damage while in transit, helping ensure that one unexpected event doesn’t derail your entire operation.

Whether it’s across town or across the country, Degree 9 builds policies that match the types of cargo you carry, the distance you travel, and the specific risks your drivers face on the road.

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Lower Your Costs with FleetVantage

Degree 9 clients enrolled in our FleetVantage program may qualify for lower Physical Damage premiums. By leveraging telematics data and promoting safe driving practices, FleetVantage allows you to reduce risk-and insurance costs-through real-time insights and performance.

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