Cargo Insurance 2 - Bulk Trucking Forum & Discussion Board & Bulkloads.com

{ "forumId": 63678, "postTypeId": 1, "postType": "Forum", "forumTitle": "Cargo Insurance", "forumContent": "I am o/o with a hopper bottom hauling mainly farm to bin. I been looking into hauling from load boards. Wondering whats average brokers/shippers requirements on cargo? I have 1 broker requiring $25000 on cargo? I'm just trying to get an average and if it would be worth it.", "forumContentHtml": "I am o/o with a hopper bottom hauling mainly farm to bin. I been looking into hauling from load boards. Wondering whats average brokers/shippers requirements on cargo? I have 1 broker requiring $25000 on cargo? I'm just trying to get an average and if it would be worth it.", "thumbUrl": "", "dateAdded": "2023-06-23T16:30:55Z", "lastPost": "2023-07-03T13:32:04Z", "views": 2343, "likes": 10, "dislikes": 0, "messageCount": 12, "premiumOnly": 0, "isfeatured": 0, "showInDays": -100, "showDate": "", "forumLink": "", "youtubeVideoId": "", "approved": 1, "active": 1, "alias": "cargo-insurance-2", "forumUrl": "https://www.bulkloads.com/forum/cargo-insurance-2/", "userId": 181229, "firstName": "Daniel", "lastName": "Anderson", "companyName": "T & S LLC", "email": "[email protected]", "city": "Claxton", "state": "GA", "userCommentCount": 1, "userLikes": 0, "replies": [ { "replyId": 63317, "content": "\nHey Daniel, \n\nGreat question. Cargo limits depend on the total value of the load you're hauling. If the value of the load doesn't exceed 25,000 then you should be good. Generally, we see hopper outfits carry 25K-50K limits however, some shippers and load values will require limits up to 100k. \n\nUltimately, we recommend understanding the value of the loads you're hauling and making sure you have enough insurance to cover the load in the event of a total loss.\n\nHope this helps. \n\n-Larry \n\n-CEO Bulk Insurance Group\n\n- 417-590-8111", "contentHtml": "Hey Daniel, Great question. Cargo limits depend on the total value of the load you're hauling. If the value of the load doesn't exceed 25,000 then you should be good. Generally, we see hopper outfits carry 25K-50K limits however, some shippers and load values will require limits up to 100k. Ultimately, we recommend understanding the value of the loads you're hauling and making sure you have enough insurance to cover the load in the event of a total loss.\nHope this helps. \n-Larry \n-CEO Bulk Insurance Group\n- 417-590-8111", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/Larry-Hurt-BULKLOADS-164634-395927-LarryBlackTextureBackground.png", "signUpDate": "2022-04-18", "dateAdded": "2023-06-23T16:54:51Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 164634, "firstName": "Larry", "lastName": "Hurt", "companyName": "BULKLOADS", "email": "[email protected]", "city": "Ozark", "state": "MO", "userCommentCount": 37, "userLikes": 3, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 63318, "content": "\nMy driver just totaled his trailer. Was told a load of chicken by product was valued at $21,000.00. I've had some brokers tell me that I had to have at least a $75,000 for cargo. ", "contentHtml": "My driver just totaled his trailer. Was told a load of chicken by product was valued at $21,000.00. I've had some brokers tell me that I had to have at least a $75,000 for cargo. ", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2017-01-15", "dateAdded": "2023-06-23T19:44:39Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 103474, "firstName": "Gerald / Susan", "lastName": "Babcock", "companyName": "BABCOCK TRUCKING LLC", "email": "[email protected]", "city": "Onaga", "state": "KS", "userCommentCount": 56, "userLikes": 27, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 63323, "content": "\nYour an O/O without cargo insurance? If your customers knew you didn't have cargo insurance they probably wouldn't hire you. You might also check what mile radius limit you have on your policy. You don't want to wreck a load 1,000 miles from home with a 250 mile (radius) limit. \n\nIt seems most (bulk commodity) brokers and shippers require $25,000 to $50,000 in cargo insurance. I did however cancel a load a while back because the broker/shipper required something crazy like $500,000 in cargo insurance. \n\nI personally carry $100,000 in cargo insurance because my best customer requires it. But generally when it comes to bulk commodity loads I would get a $50,000 policy. Odds are if you wreck a load the insurance company won't pay for all of it unless you are insured well above the value of the load, plus at $50,000 you shouldn't have to worry about missing loads for not having enough cargo insurance.... Just my 2 cents. ", "contentHtml": "Your an O/O without cargo insurance? If your customers knew you didn't have cargo insurance they probably wouldn't hire you. You might also check what mile radius limit you have on your policy. You don't want to wreck a load 1,000 miles from home with a 250 mile (radius) limit. \nIt seems most (bulk commodity) brokers and shippers require $25,000 to $50,000 in cargo insurance. I did however cancel a load a while back because the broker/shipper required something crazy like $500,000 in cargo insurance. \nI personally carry $100,000 in cargo insurance because my best customer requires it. But generally when it comes to bulk commodity loads I would get a $50,000 policy. Odds are if you wreck a load the insurance company won't pay for all of it unless you are insured well above the value of the load, plus at $50,000 you shouldn't have to worry about missing loads for not having enough cargo insurance.... Just my 2 cents. ", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/Michael-Barone-MCBARONEFARMS-165432-440473-Screenshot_20230329-183151_Gallery.jpg", "signUpDate": "2022-05-07", "dateAdded": "2023-06-25T12:23:02Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 165432, "firstName": "Michael", "lastName": "Barone", "companyName": "M&C BARONE FARMS", "email": "[email protected]", "city": "Bronson", "state": "MI", "userCommentCount": 266, "userLikes": 63, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 63327, "content": "We carry $100,000. Required by most of our contacts.", "contentHtml": "We carry $100,000. Required by most of our contacts.", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2012-01-11", "dateAdded": "2023-06-26T00:57:10Z", "likes": 1, "dislikes": 0, "approved": 1, "userId": 6269, "firstName": "Rose", "lastName": "Pfluger", "companyName": "ROAD WARRIORS TRANSPORTATION INC", "email": "[email protected]", "city": "Morristown", "state": "AZ", "userCommentCount": 36, "userLikes": 0, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 63334, "content": "\nThat's because THEIR particular load of chicken by-products is of unusually high quality, their by-products are from organic, free range, Super Chickens, and that makes it worth WAY more!! :)", "contentHtml": "That's because THEIR particular load of chicken by-products is of unusually high quality, their by-products are from organic, free range, Super Chickens, and that makes it worth WAY more!! :)", "parentReplyId": 63318, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2020-07-14", "dateAdded": "2023-06-26T17:52:40Z", "likes": 1, "dislikes": 2, "approved": 1, "userId": 141423, "firstName": "Barry", "lastName": "Balthrop", "companyName": "SOUTHERN BULK", "email": "[email protected]", "city": "El Campo", "state": "TX", "userCommentCount": 556, "userLikes": 103, "userDislikes": 4, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 63340, "content": "Any farmer I have custom hauled for wanted a valid COI before I started hauling for them. My insurance is based on market price of said commodity at close of the market the day of loss.", "contentHtml": "Any farmer I have custom hauled for wanted a valid COI before I started hauling for them. My insurance is based on market price of said commodity at close of the market the day of loss.", "parentReplyId": 63323, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2017-07-04", "dateAdded": "2023-06-27T11:57:50Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 108219, "firstName": "Josh", "lastName": "Heuscher", "companyName": "JH LIVESTOCK", "email": "[email protected]", "city": "Bigfork", "state": "MT", "userCommentCount": 39, "userLikes": 16, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 63348, "content": "\nA dislike??? \"Come on Man\" that was funny...", "contentHtml": "A dislike??? \"Come on Man\" that was funny...", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2020-07-14", "dateAdded": "2023-06-27T18:42:49Z", "likes": 0, "dislikes": 1, "approved": 1, "userId": 141423, "firstName": "Barry", "lastName": "Balthrop", "companyName": "SOUTHERN BULK", "email": "[email protected]", "city": "El Campo", "state": "TX", "userCommentCount": 556, "userLikes": 103, "userDislikes": 4, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 63358, "content": "\nWith one truck driving around 150 miles from home hauling DDG , Fertilizers how much will be a month average insurance?", "contentHtml": "With one truck driving around 150 miles from home hauling DDG , Fertilizers how much will be a month average insurance?", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2020-08-14", "dateAdded": "2023-06-29T14:53:15Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 142450, "firstName": "Jose", "lastName": "Quiroga", "companyName": "EIXLEY TRUCKING", "email": "[email protected]", "city": "Minneapolis", "state": "MN", "userCommentCount": 3, "userLikes": 1, "userDislikes": 1, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 63364, "content": "\nIt sounds like he's hauling mainly farm to grain bin's. I'm guessing he's hauling his own grain and not hauling for anyone else and is now looking to haul for brokers to keep busy.", "contentHtml": "It sounds like he's hauling mainly farm to grain bin's. I'm guessing he's hauling his own grain and not hauling for anyone else and is now looking to haul for brokers to keep busy.", "parentReplyId": 63323, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/John-Miller-TIMEDEDICATEDCARRIER-175208-152413-google-104267747759586809935.jpeg", "signUpDate": "2023-01-04", "dateAdded": "2023-06-30T13:55:44Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 175208, "firstName": "John", "lastName": "Miller", "companyName": "TIME DEDICATED CARRIERS", "email": "[email protected]", "city": "Channahon", "state": "IL", "userCommentCount": 16, "userLikes": 11, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 63371, "content": "\nHis post said he was an O/O, not a farmer with a hopper trailer. ", "contentHtml": "His post said he was an O/O, not a farmer with a hopper trailer. ", "parentReplyId": 63364, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/Michael-Barone-MCBARONEFARMS-165432-440473-Screenshot_20230329-183151_Gallery.jpg", "signUpDate": "2022-05-07", "dateAdded": "2023-07-01T14:09:34Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 165432, "firstName": "Michael", "lastName": "Barone", "companyName": "M&C BARONE FARMS", "email": "[email protected]", "city": "Bronson", "state": "MI", "userCommentCount": 266, "userLikes": 63, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 63385, "content": "Depends on a lot of things, your driving record, cost of equipment, what kind of distance it covers what cargo it covers, how long you've been driving and so on but a new guy starting out in a hopper with one truck will probably be around $1,200 - $1,500 a month.", "contentHtml": "Depends on a lot of things, your driving record, cost of equipment, what kind of distance it covers what cargo it covers, how long you've been driving and so on but a new guy starting out in a hopper with one truck will probably be around $1,200 - $1,500 a month.", "parentReplyId": 63358, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2021-12-17", "dateAdded": "2023-07-03T13:33:39Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 160271, "firstName": "Drew", "lastName": "Lament", "companyName": "LAMENT TRUCKING LLC", "email": "[email protected]", "city": "Lakeview", "state": "OH", "userCommentCount": 68, "userLikes": 149, "userDislikes": 3, "links": [], "files": [], "iLike": 0, "iDislike": 0 } ], "userDislikes": 0, "signUpDate": "2023-05-10", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "links": [], "files": [], "iLike": 0, "iDislike": 0, "iSubscribe": 0 }

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Cargo Insurance

Posted on Fri, Jun 23, 2023 at 12:30 PM CST in Claxton, GA

Cargo Insurance

I am o/o with a hopper bottom hauling mainly farm to bin. I been looking into hauling from load boards. Wondering whats average brokers/shippers requirements on cargo? I have 1 broker requiring $25000 on cargo? I'm just trying to get an average and if it would be worth it.

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Cargo Insurance

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