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While insurance may not be the most exciting aspect of managing your business, it's a critical one. When it comes to third-party auto liability insurance, though it may not be required, there are undoubtedly significant risks associated with operating without it. How does that affect you in a third-party broker situation? It's not uncommon
Do freight brokers need insurance? While you don’t technically need insurance to operate as a freight broker, there are some pretty significant things going on in the industry that put you at a great disadvantage without it. For one, you can be sued for damages associated with death and injury if your motor carrier isread more
Insurance isn’t just for protecting the broker when named in litigation. It’s also a valuable tool for securing loads and larger shipper clients. Successful brokers are leveraging their coverages to build value with their clients, who are also targets of litigation.
If your retail insurance agency is currently selling insurance for freight brokers the chances are high that you are not providing them with all the coverages they need. With the steadily rising uptick in litigation against freight brokers, it’s increasingly important for them to have insurance coverages that protect them in court. Many f
A recent development in the nationwide trend of attacks against the independent contractor business model is reflected in the 2018 California Supreme Court Dynamex Ruling (Dynamex Operations West, Inc. v. Superior Court of Los Angeles. It is notable that the Dynamex Ruling was for the litigated purpose of determining employer- employee vers
In this increasingly crowded and digital world, developing a brand name and story that cuts through the clutter has never been more important. That’s true of companies striving to make a difference in most every sector and it’s certainly true of the highly-competitive logistics and transportation industries that we call home. The way we
A court decision occurring last August should remind Third Party Logistics providers (3PL) and freight brokers to consider carefully their contractual and applied promises to customers – as 3PL Providers can be found liable for the promises that they make. Particularly in high exposure cases when a subcontracted motor carrier has minimum
Selecting a Cargo Insurance Broker is one of the biggest tasks for any transportation and logistics company. Making sure that your cargo shipment is safe is very important. Mishaps can happen with cargo shipments before, during, and even at the time of delivery. The cargo can end up sustaining damage or become a total loss.read more
In an ever-changing world of new laws and regulations, freight brokers are required nearly to be lawyers to keep up. For instance, they have to keep up with what’s required from: the FMCSA, the United States Department of Transportation, MAP-21 laws, and other regulatory bodies and laws from the government. Many times freight brokers
Chances are if you’re in the freight broker industry, you’re familiar with the business of 3PL’s, or third-party logistics, but you may not belong to a top-notch 3PL organization like Transportation Intermediaries Association (TIA). Joining makes sense for 3PL professionals and might be the best strategic decision you ever
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