Have you recently started a commercial transportation business and are still learning how to manage it proficiently? Well, the first considerable thing is safety and security from all potential threats. While on the road, a transportation vehicle always remains prone to accidental damage. The risk factor depends on the goods you are carrying inside. If the consignment is fragile or needs special care during transportation, your insurance policy must cover every single factor that can be responsible for damage or loss. If you have got the contract of livestock transportation for the first time, consider its safety e different from other goods transportation contracts. Livestock transportation means carrying cows, sheep and other cattle from one place to another. When you have responsibility for carrying animals, it becomes necessary to check the factors included in the transportation insurance policy. We have some useful tips to help you with figuring out the most feasible livestock insurance policy.
How to buy the best livestock insurance policy?
There is a stepwise process you need to follow for finalizing a policy that actually covers all aspects of livestock insurance. Please scroll down and note these points.
1) Types of livestock risks covered
What kind of risks are being covered in the insurance policy you are going to buy? Is that insurance policy actually useful for your transportation consignment or not? Clarify these points by checking the risk coverages. Read their terms and conditions to make sure that issues like accidental freezing, accidental falling out, collapsing ramp while loading or unloading and round up of escaped animals need to be included in this insurance policy. While communicating with the insurance agent, clarify in advance whether they have any hidden terms for claiming or not.
2) Clarify liability limits
What percentage of claim they will issue and what kind of liabilities are not going to be included in the policy? Ask these questions without any hesitation while buying livestock insurance in Australia. If you are already aware of liability limits, there will be no issue of claiming hassles in the future.
3) Truck value coverage
In case of an accidental situation, is that policy covering the value of your vehicle or not? Get an all in one policy providing cover for your valuable transportation vehicle from bumper to bumper.
4) Medical benefits
Are they covering the medical expenses of driver-only for or also including the co-passengers? Usually, the co-passenger also goes with the driver during long journeys. Therefore, his accidental coverage should also be included.
5) Legal assistance
Are you also going to get legal assistance in case of accidental situations? What is the limit of legal assistance cost in the insurance policy you are buying? These things must be clearly mentioned on the contact form. After an accident, you may need both medical and legal assistance that causes a serious impact on the business. An insurance policy can help in reducing the risk as well as the financial burden on the owner.
Follow these important tips while buying livestock insurance in Australia. Make sure that you are choosing a company that has a good track record of claims approval.