So you’ve found yourself in the logistics business. Maybe you are starting your own business or maybe you’re taking over an existing one. Either way, the best thing you can do is purchase the right kind of insurance to protect your company. You’ll want to choose the best policies to cover every aspect of your business. If you need a good place to start, here are three types of insurance you may want to consider.
1) Inland Marine Insurance
Despite the name, inland marine insurance Maitland FL has very little to do with water. Instead, this insurance covers products while in shipment over land or while being stored in a warehouse. If your products or property are damaged or stolen while being transported on a truck or train, or damaged while in a warehouse, inland marine insurance may help cover your losses.
2) Professional Liability Insurance
These policies will help cover you in the event that your professional services cause harm to others. For example, if your company mishandles a shipment that is then delivered damaged or late, your professional liability insurance policy can help cover any resulting legal fees.
3) Commercial Auto Insurance
Running a logistics company likely means you have at least a couple of company cars or vans in operation. You’ll need more than a personal auto insurance policy in the event of an accident on company time. A commercial auto insurance policy will cover damages caused by any of your drivers.
There are plenty of other insurance options out there, and many more policies that you’ll want to consider. Take the time to really research your options and seek out expert advice. Covering each aspect of your business from physical locations to vehicles, employees, and payroll will keep your logistics company rolling along for a long time.