Load insurance is like a safety net for businesses. It’s like when you have a special shield to protect you from big problems when you send things from one place to another.
Imagine a company sends things like toys or clothes to other places using trucks. Sometimes, while on the journey, these things might get hurt or lost. This is where load insurance comes in. It’s like a superhero power that helps the company when their things are damaged or disappear during the trip.
This special insurance is a big help. If the company’s things are hurt or lost, the insurance can give them money. This money can stop the company from having big money troubles, even to the point of closing down. It’s like a superhero coming to the rescue when things go really bad.
For example, if a company sends toys to another place and they get broken on the way, the insurance can give the company money to fix or replace the toys. This way, the company doesn’t have to spend all their money fixing the toys and they can keep going with their business.
So, load insurance saves companies from big money problems when their things get hurt or lost while traveling.
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