• The Danskin Agency

Business Auto Insurance - Equipment on Your Vehicles


Equipment Often Not Covered or Sub-Limited

Commercial Auto insurance provides broad protection to you and your business, covering costs associated with property damage, injury and liability claims, and physical damage to your business vehicles. But does it cover damages that occur to your equipment? You’d have to take a closer look at your coverage and make sure.


Why Do You Need Equipment Coverage?

As a professional, you know your equipment is your livelihood. You've invested a lot of money in them. Have you thought about what would happen if your equipment were lost, stolen, or damaged? If not, you need to look into your provider's equipment policies.


What Does It Protect From?

In general, According to freightpros.com, “Cargo insurance protects you from financial loss due to damaged or lost cargo. It pays you the amount you're insured for if a covered event happens to your freight. And these covered events are usually natural disasters, vehicle accidents, cargo abandonment, customs rejection, acts of war, and piracy.” By providing coverage for lost, stolen, or damaged goods, cargo insurance helps you mitigate your exposure to these risks, keeping a bad day from turning into an existential crisis, generally speaking.


Is it Covered within Some Auto Policies or Separate?

It is separate most of the time but you have to pay attention to the name. Sometimes it is referred to as special risk insurance, equipment insurance, cargo insurance, or commercial cargo insurance. The title could vary so make sure you ask your provider if they offer a policy that covers your equipment protection needs.


The best way to make sure that you are getting the best insurance for your equipment is to work with an experienced business auto insurance broker who can help you navigate the many details and options available.


Our professional staff here at Danskin would be more than happy to sit down with you and discuss which insurance would fit you the best. If you’d like to learn more about business auto insurance, visit our website. Call today to speak with one of our professionals and have the confidence while on the road that your vehicle and the equipment inside, has full protection.