Logistics carriers offer “less than truckload” services to meet their clients’ needs. Those providing LTL services face unique types of financial risks. Keep reading to discover how LTL insurance provides vital protection for your company’s financial interests.  

How LTL Coverage Works

LTL companies ship parcels for many clients in a single truckload. A driver transports a large collection of parcels housed in a single trailer, stopping at multiple destinations. The driver may travel to several warehouses, deliver to many different stops or a mixture of both. Some drive trucks below the weight limit that requires a commercial driver’s license. 

With these unique operating conditions, your insurance coverage must offer solid loss protection. LTL coverage does just that. Several kinds of policies are typically available:

  • Cargo coverage
  • Liability coverage
  • Collision and comprehensive auto
  • Loading and unloading
  • Towing and storage

 Other Types of Policies

Besides standard LTL policies, you may need additional coverages. Earned freight pays for lost income should you be unable to complete deliveries. Debris removal reimburses for cargo that falls out of your truck onto the road. Bobtail policies cover tractor vehicles when they’re under dispatch but don’t have trailers attached. Including these and other types of LTL insurance in your company’s policy package is critical to securing your organization’s future.