There is a good chance that your company is going to be required to haul goods utilizing dry vans. This is a good option. Dry vans are less expensive and easier to maintain than many of the alternatives. Nevertheless, you should know that transporting goods in this manner means that you’re going to be taking many risks. Whether you’re hauling dry goods over a long distance or to a local distributor, you need to take steps to ensure that you’re protected to the fullest. After all, you never know when you’re going to run into a speed bump.
Thankfully, you can acquire sufficient transporting company insurance for dry vans to put your mind at ease. Below, you’re going to learn all about dry vans insurance and the benefits it can provide to your business.
Coverage Requirements For Dry Van Operators
Ultimately, you never know what is going to happen from one day to the next. Simultaneously, you have to understand that your dry vans are going to be carrying valuable cargo. The materials might be hazardous or delicate. Therefore, you need to take steps to ensure that your items are going to arrive on time and in perfect condition. Whether you’re loading a pallet of goods into the van or you’re shipping goods from one end of Canada to the other, you need to be very cautious.
Thankfully, you can offset the risks by acquiring a sufficient amount of dry van insurance. Just remember that there is no singular insurance policy that will do the trick. You’re going to need multiple forms of insurance to protect your company from all potential risks. For instance, you’ll need a sufficient amount of commercial general liability insurance, cargo insurance, commercial automobile coverage, and tenant’s legal liability insurance.
While you’re at it, you’ll want to consider acquiring property insurance and warehouses men’s legal liability insurance. Acquiring the right type of insurance can put your mind and ease knowing that you’ll be protected in the event that something goes awry.
Why Insurance For Dry Vans Can Be Helpful
At the end of the day, there are many business owners who feel that insurance is a scam. They’re not aware of the fact that it is going to be immensely beneficial for them. In fact, this is one of the most important security protocols that you can have. You need to understand that anything can go wrong out there on the road. If you’re not careful, one of your vehicles will be involved in an accident and this is going to lead to major problems. You might have to replace the vehicle and the cargo. At the very least, the cargo is going to be destroyed and that is going to cost your company a lot of money.
You can offset this problem by acquiring a sufficient amount of insurance for dry vans. The insurance can be comprehensive enough to ensure that your vehicles and cargo are going to be protected from the starting point to the delivery point. Simultaneously, it can help protect in the event that your cargo is lost. It is pertinent to acquiring this type of insurance or you’re going to end up paying out of pocket for these costs. Below, you’re going to learn about the scenarios when dry van insurance can be beneficial for your business.
Automobile Insurance
In the country of Canada, automobile insurance is going to be a requirement by law. Simultaneously, it is a must for any sound business. Remember that anything can happen out there on the road. Even the best driver on the planet can find themselves in a vehicle accident at some point. There is a good chance that you’re going to do the same. One of your drivers might find him or herself in heavy traffic. There is a crash ahead and your drive doesn’t notice it soon enough. This can result in your truck slamming into the back of the vehicle in front of it.
Remember that personal auto insurance isn’t going to cover the costs. You’ll need commercial automobile insurance. This type of insurance is designed to protect commercial vehicles when they’re on the road. Remember that it can cover many things including physical damage to your vans, damage to the other person’s vehicle, and bodily injury for the victim. Suffice to say, you need this type of insurance and you’ll want to consider combining it with cargo insurance.
Cargo insurance will cover the cargo being carried by the van in question. Having both can help you overcome serious problems that may arise in the future. Obviously, you should not let your dry vans leave the warehouse without this coverage.
Commercial General Liability
While you’re at it, you should know that you’re going to need a sufficient amount of commercial general liability or CGL insurance. It is true that there are many dangers out there on the highway. However, you need to remember that there are risks right at home too. When your business is stored in your warehouse, there is a risk that it is going to get destroyed. Simultaneously, there is a chance that someone is going to get injured on your property. A customer or vendor may visit at some point. They could have a slip and fall. Or, a box might tumble down and land on their feet. This could result in a serious injury and a major lawsuit.
Either way, you need to take steps to protect yourself from these problems. The way to do that is by acquiring the right amount of CGL insurance. This insurance is going to provide you with protection if someone is injured on your property and you’re sued for it. Remember that a lawsuit can result in your company going under. By acquiring protection in the form of commercial general liability insurance, you can rest assured knowing that your business will continue serving Canadian consumers for many years to come!
Cargo Insurance
Finally, you should make sure that you should acquire cargo insurance. After all, your cargo could be worth more than your vehicles. If you lose the cargo, you’ll need to replace it and you’re going to be out a lot of money. The good news is that you can avoid such problems by acquiring cargo insurance. Automobile insurance will provide you with protection when your cargo is on the roadway. So, what is going to happen if the cargo is destroyed in the garage? It is common for vehicles to catch fire and that can result in major problems.
This is why you’ll want to acquire cargo insurance too. This insurance is very beneficial since it is going to cover 3rd-party property while the cargo remains in your custody. Remember that there are some limitations here. The insurance is going to remain effective for 30 days. Or, it will be voided once the cargo has been delivered to the customer. This insurance will offer coverage for cargo while it is being loaded and unloaded. Also, it will be protected when your cargo is sitting in a garage, depot, warehouse, or terminal. Suffice to say, you need this type of insurance.
Commercial Truck Requirements
Ultimately, you need to understand that Canadian laws require you to have a certain amount of liability insurance. If you do not meet the minimums, you’re going to be transporting your cargo illegally. If you’re caught doing that, you’re going to have some big problems on your hands. Suffice to say, you need to take steps to ensure that you have the appropriate amount of insurance. The good news is that you can count on the experts at ProfessionalsCoverage. We’ll help you get the coverage you need quickly and conveniently.
We can help you protect your dry vans to the fullest with the right insurance policies and limits. If you’re worried about your future, you should get in touch with us. We’ll do what we can to ensure that your company has the insurance it needs to operate legally on the roadway.
Managing Your Risks
Finally, you should do everything humanly possible to manage your risks. The good news is that we’re here for you. ProfessionalsCoverage understands that many business owners know very little about insurance. This is why we’re here to bridge the gap. We can provide you with the business insurance package and information you need to get protected today. We are happy to provide risk assessments to ensure that you’re well aware of the risks you’re facing on a daily basis. Once you’ve acquired this information, you’ll be able to take measures to minimize those risks and further protect your business, your employees, and your family.
You cannot afford to take those risks. If you do, you may end up losing your business due to your negligence. You need the business insurance immediately. This is why you should pick up the phone and get in touch with the experts at ProfessionalsCoverage. We’ll provide you with a free quote and do our best to ensure that your company is protected to the fullest. We offer affordable dry vans insurance to cover your assets.
Ready to get an insurance quote for your dry van? Apply now!
