When can tanker insurance come to your rescue?
Volatile loads require careful attention and special safeguards. Entrance and exit ramps, bumpy roads, and sudden stops can cause contents to shift and compromise your control of the vehicle. In the worst cases, this can lead to disaster for your driver, your company, and your surroundings.
Your tanker insurance should be broad enough to respond in a range of situations that could arise between point A and point B, but also deep enough to ease the costly burden of a covered loss. Here are a few scenarios where specific features can come into play.
Hazardous cargo can go up in smoke before you know it
When you haul pressurized cargo – like a liquid propane tanker – you may be more vulnerable to loss. For instance, a puncture or heat source could lead to fire or explosion, endangering your driver and others on the road and potentially leaving you with a total loss of cargo.
A regular business insurance policy could fall short in this case, but cargo insurance would help cover you for the damages or loss. This help from your policy could mean the difference between a financial annoyance and financial disaster.
A collision can be catastrophic for other drivers
A collision involving a tank trailer can have a severe impact on several parties. Imagine this: you’re in charge of a liquid bulk transfer, and the high centre of gravity and sloshing cargo within interferes with your ability to steer. A violent shift in weight causes your tanker to rollover into traffic.
Dealing with the damage to your cargo is one thing; dealing with potentially severe damage to surrounding vehicles can quickly escalate the problem. If your tanker damages other vehicles, you’d look to your commercial automobile coverage to help cover the costly consequences.