The trucking industry is an essential service around the world.

There are many moving parts to running a successful trucking organization.

Goldkey has been a leading provider of Motor Truck Cargo coverage for over 30 years. Trusting anyone other than our experts is placing your business at risk.

  • Write off protection*

  • Deductible buydown*

  • Fleet savings plan

  • ICBC savings plan

  • Truckers disability

  • Business overhead expense

  • Accidental death coverage

  • Truck payments after accident

  • Mechanical breakdown

  • Travel coverage

*Exclusive to Goldkey Insurance

What is Motor Truck Cargo Insurance?

When you are hauling goods, motor truck cargo insurance covers losses arising from damage to those goods. You’ll want to assure your client that their cargo will make it safely to the destination or that they will be reimbursed if it doesn’t. Any number of things can go wrong while goods are in transit, so getting broad cargo coverage is a must.

parked trucks
parked trucks

Stand Alone Cargo Insurance vs a Package?

There are several factors that drive cargo insurance premiums such as limits and the types of goods you are hauling. One thing to consider is whether it’s cheaper to get stand-alone cargo coverage, also knows as a cargo-only policy, or if you come out ahead when bundling the cargo insurance with your primary liability and physical damage coverages. It would be wise to shop it both ways.

Ask Before Getting Your Cargo Policy

How much cargo insurance do I need? Limits, Deductibles, and Exclusions can be confusing. How much cargo insurance you need will depend on what you are hauling, and the limits the shippers and freight brokers will require for the load. You also never want to be in a situation where you are carrying cargo that’s worth more than your policy limits.

Commonly Overlooked Cargo Coverage

You’ll want to make sure your cargo is covered for a wide variety of risks. It’s never fun to have some type of cargo loss and then find out there was an exclusion for that loss. Some scenarios to consider would be:

  • Stolen or hijacked goods

  • Water leaks in the trailer that damages the cargo

  • Cargo damage during loading or unloading

  • Refrigeration equipment breakdown resulting in spoiled cargo

  • If your load is strewn about the highway after an accident, you’ll need to make sure you have debris removal covered in the policy.

These are just a few perils that might happen to your cargo. Look for broad coverage without exclusions.

What is Trailer Interchange Insurance?

Sometimes a load needs to be transferred to a different trucker to complete the delivery to the final destination. What happens if that trailer is damaged when it not attached to the owner’s truck? Some truckers are unclear on the exact definition of trailer interchange insurance. Basically, it’s An insurance coverage that covers damage caused to a non-owned trailer under your care while you’re operating under a written trailer interchange agreement.

In most cases, if you are hauling someone else’s trailer full of goods under a written agreement, you’ll need to add this coverage. Sometimes, the trucking company that owns the trailer will have insurance to cover their trailer while it is under your care. In that case, you won’t need to cover this risk.

But a trailer interchange agreement is less common in the trucking industry these days. Oftentimes, a less formal agreement is made when a trucker needs to haul someone else’s trailer and goods. In these cases you would need a Non-Owned Trailer Physical Damage policy.

What Does Trailer Interchange Insurance Cover?

Trailer interchange covers trailers you use. Trailer interchange physical damage insurance covers trailers during loading and unloading. It covers trailers from wrecks, fire, theft, vandalism, and any other physical damage. Many shippers and motor carriers require you to have trailer exchange insurance if you want to do business with them.


Whether you have been in an accident, or your truck a=has broken down, each day you are not on the road burns a whole in your wallet. Find out how these coverages can help ease the financial exposure:




Each of these coverages provide for you whether you need time to fix your truck, find a part or need money for a new one.

Accident Downtime

Unexpected downtime can be a very expensive time for an Owner Operator. The average cost of downtime for a trucker is approximately $92.41/hour including time off work, expenses and opportunity cost of capital. At Goldkey we offer Accident Downtime coverage with the highest downtime benefits and lowest price in the industry.

Exclusive Features:

  • Tax-free benefits

  • Covers downtime due to traffic accidents after a 5 Day elimination period

  • Lowest price in the industry

  • Lump sum payments for write-offs & stolen vehicles

  • Maximum downtime payment is $11,900

Write Off Protection

From: $12.50 /month

In the event of a full equipment write-off, there may still be a substantial amount owing to your finance company. Once you factor in the depreciation and financing costs the amount you owe could be 30% more than what you collect from the insurance company.


  • Lump sum payment payable in the event of a write-off due to a traffic accident

  • Up to $30,000 to cover your GAP

  • Up to $30,000 to cover your down payment

  • Includes $5,000 deductible reimbursement