Whether you are transporting perishable or durable goods within Florida, goods in transit are at risk of damage and loss, with the proper safeguards helping protect your possessions. Prestige Insurance Group Inc. in Miami, FL can also help you cover added costs associated with Florida legislation requirements, providing an easy sign-up process. Below are some areas that transportation insurance will help you take care of.
You may occasionally encounter hazards such as hail, fire, and vandalism, resulting in property damage. Transportation insurance compensates you when this happens, allowing you to cover repair or replacement costs for damage to the goods. It will also help cover the costs arising from accidents, helping you recover your goods. Damages resulting from mishandling when loading, unloading, storage, and packing will also be taken care of, keeping your transportation costs within budget.
When goods are lost, or bodily injuries result from accidents, the aggrieved customers and parties will likely need coverage for their property damages and injuries. Transportation insurance provides liability coverage for these incidences, reducing your out-of-pocket expenses.
The parties in question may also turn to a lawsuit for settlement costs for the harm caused and delays that could negatively impact their business operations. Transportation insurance is designed to cover these mishaps, compensating your business for the legal fees incurred and the damages awarded in court hearings or out-of-court settlement cases.
Businesses will likely need their inventory to arrive when stated, failure of which could result in losses. Transportation insurance reimburses you for the revenue losses if this happens due to unexpected delays from harsh weather, accidents, or traffic mishaps.
If you are a first-time policy-seeker within Florida and need transportation insurance to cover your business or eliminate liability claims, Prestige Insurance Group Inc. is the partner you need all the time. Call us today to help you get started on your transportation coverage within Miami, FL.
