NSM Insurance Group’s Post

Yesterday, I had a discussion with a customer as their legal team had concerns over cargo liability. Freight brokers do not take physical possession of the shipment and therefore do not assume liability in the event of loss or damage. Liability lies with the carrier who is hauling the freight. LTL Carrier liability basically boils down to dollars per pound and FTL Carriers are required to maintain a minimum of $100,000. Cargo claims can be complicated. A freight broker should be working on behalf of their customer to process claims. Have you had to have discussions with your customers about liability? #freightbroker #logistics #transportation

Nadia Martin, CCP thanks for sharing the details about two temperarture control claims that were denied. I’ve had a few temperature control claims denied as well. And like you, I understood why. However, I also had a claim denied (2 pallets of electronics) due to an "alleged" “dishonest act” by the motor carrier a domestic over the road freight forwarder hired. ✅ Background: The service providers who handled the two-pallet shipment from origin to destination were: Local Drayage Carrier, Over the Road Domestic Freight Forwarder, Over the Road Truckload Carrier, and a Regional LTL Carrier. The two pallets were part of a load consolidation at the over the road domestic freight forwarders dock, that consisted of twenty shipments (multiple drops, multiple shippers and consignees). ✅ Long Story: It’s complicated ✅ Short Story: The shipment of electronics never delivered to the consignee. None of the parties involved accepted liability. As a result, the shipper filed suit against everyone that touched the freight.  The domestic over the road freight forwarded filed a claim with their insurer. Two days later, their insurer responded denying the claim and a duty to defend, due to "alleged" "dishonest acts" by the motor carrier. However, they failed to identify who the motor carrier was or the dishonest act. In turn, the domestic over the road freight forwarder retained counsel to peruse their claim against their insurer. Two months later, their insurer agreed to conduct a detailed investigation. However too much time had passed, and it was clear that the insurer had acted in bad faith. Once presented with the actions of the examiner, the insurer agreed to cover the defense cost. In the end, the over the road truckload carrier and regional ltl carrier agreed to split the cost of the claim, making the shipper hold. #AndrewAndrewAndrewAndrew Johnson #EricEricEricEric Furtado #ChadChadChadChad Eichelberger #JacksonJacksonJacksonJackson Alexander #DaleDaleDaleDale Prax ✅ #BillBillBillBill Robinson #JeffJeffJeffJeff Dickinson #BeckyBeckyBeckyBecky Hofer #DwightDwightDwightDwight Young #MikeMikeMikeMike Telesca #JohnJohnJohnJohn Cantera, Jr., MBA

Everyone in the Freight Forwarding industry wants to win business, but don’t be tempted to quickly commit until you fully understand the obligations and responsibilities required.     📍 What is the specific information and what are the requirements regarding the Shipper’s contract you should look for? 📍 What risk are you taking when signing the contract without understanding your obligations and responsibilities? 📍 Do you need to share these agreements with your Freight Liability Insurers?     In this course, we will discuss the above questions and provide tips to help you negotiate these requirements with the shippers.   📍 Join the webinar: www.wcaworldacademy.com   #WCAworld #LogisticsWebinar --

Freight brokers have options when it comes to cargo coverage, but not all policies are created equal. Shippers Interest is a transactional policy that provides coverage shipment by shipment, offering quick, reliable protection. However, there's another option to consider—Broad-Form Contingent Cargo. This annual policy may be more cost-effective but requires a proactive approach. Brokers must first attempt to collect from the motor carrier before filing a claim. While it serves as a good safety net, it's important to weigh the benefits of cost savings against the efficiency of your coverag. Have any questions? Ask us below! Also, you can learn more about contingent cargo insurance by reading our article linked in the comments. #FreightBroker #FreightBrokers #CargoInsurance #Logistics

Freight Brokers & Domestic Forwarders can have a difficult time trying to decide between Contingent Auto Liability and Truck Broker Liability coverages. Avalon's VP of Sales and Marketing, Lisa Vranich, discusses the differences between the two in this informative article: https://hubs.la/Q02h4gGQ0 #avalonriskmanagement #contingentautoliabiity #truckbrokerliablity

Have questions about this important coverage? The devil is in the details. Avalon Risk Management can help. #avalonriskmanagement #contingentautoliability #truckbrokerliability

Why should you consider shipping with Bulk Connection Inc? 1. CAPACITY Since 1987, we have built an extensive network of qualified, over-the-road carriers. This includes the largest network of bulk freight carriers in North America. 2. FAST RESPONSE Response to rate requests are often immediate, but certainly within an hour. Our system matches your requirements with the routing, schedules and equipment of our carrier partners. 3. PERSONAL SERVICE We are not a freight factory. What sets us apart – and what you won’t find with typical freight brokers – is a high degree of personal attention and expert advice offered by experienced freight specialists. 4. LOWER RISK Bulk Connection gives you on-demand access to carriers who are pre-qualified on 67 indicators, including D.O.T. safety rating, insurance level, accident-per-mile ratio, and on-time performance. 5. COMPETITIVE COST We work regularly with liquid and dry bulk carriers, large and small, across North America. We know which lanes they need to fill and, as a result, can create cost-efficient matches that benefit both you and the carrier. 6. KNOW-HOW Our freight specialists average 20 years in the business, so you deal with experts, not order takers, who can advise you on the best shipping methods. 7. STRAIGHT TALK Let’s face it. Stuff happens out on the road. We tell it like it is – good news or bad. And you’ll know as soon as we know so, together, we can plan alternatives. Contact me for additional information jradvansky@bulkconnection.com #bulkconnection #tanktruck #drybulk #chemicalindustry #freightbroker https://lnkd.in/gwCV3hgP

How To Limit Your Liability In Your Freight Brokerage!

To provide accurate trucking quotes, you typically need the following information: Origin and Destination: The starting point and final destination of the shipment. Include addresses or at least cities/states. Shipment Details: The type of goods being shipped, including size, weight, and any special handling requirements. Timeline: The desired pickup and delivery dates and any specific time constraints. Mode of Transport: Specify if it's a full truckload (FTL) or less than truckload (LTL) shipment, and if any specialized equipment is required (e.g., refrigerated truck). Additional Services: Any additional services required, such as liftgate service, inside delivery, or hazardous material handling. Insurance Requirements: Specify any insurance requirements for the shipment.

⚖️ Know Where Liability Falls in Your Supplier Contracts ⚖️ During disruptions like the East Coast port strike, it’s important to know who holds liability in case of delays or lost shipments. Look closely at: 1. Liability Clauses: Does your supplier take responsibility for delays, or are you expected to bear the risk? 2. Insurance Coverage: Is your cargo insured? Does it cover disruptions like strikes or port closures? 3. Responsibility for Damaged Goods: Ensure it’s clear who covers the costs if your goods are damaged due to prolonged storage or shipping delays. Being clear on liability means fewer surprises and quicker action plans when things go wrong. If you need help deciphering supplier contracts, reach out! #Logistics #PortStrike #SupplierContracts #Liability #SupplyChainResilience