Category Archives: Knowledge

How Agents Can Grow Revenue When Selling Insurance For Freight Brokers

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 freight brokers are ignorant to the litigation trends that are happening in the industry and wildl

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Preserving the Independent Contractor business model

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 versus independent contractor status concerning wage orders (state wages, hours, and working condition requirements).     However, the Cour

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Standing out from the crowd: Branding in the Logistics sector

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 choose our favorites – in any aspect of our lives – has changed considerably over the last 25 years and particularly over the past decade. Part of tha

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3PL Providers: Exercise Care in Client Promises

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 insurance coverage, 3PL providers must avoid the perception that they control driver and motor carrier actions. In this case, McHale v Kiswani Trucking, an

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How To Select a Cargo Insurance Broker

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. As a result, the manufacturer, the cargo shipping company, and the customer who bought the product lose money. For these reasons, it is very important for everyone to have i

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Comprehensive Freight Broker Insurance

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 are running their business at risk and don't even know it. This is why LOGISTIQ Insurance Services is committed to simplifying your insurance and surety compliance

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A beginner’s guide to TIA

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 make. Consider this a beginner's guide to membership in the most trusted 3PL organization in North America: Did you know?

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Freight Insurance Brokers and Evolving Maritime Risks

As technological advances and global developments change the maritime industry, cargo and freight insurance brokers might want to reevaluate their insurer relationships.  Maritime risks have moved beyond the peril of rough seas and insuring against hazards is increasingly complex. Changes that are impacting risk management in the maritime insurance industry include the following. Although technology has made the maritime industry more efficient, i

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Freight forwarding and logistics: What the high performers know

How can you become a high-performing freight forwarder, freight broker,  or overall logistic company? Accenture, the global management consulting firm, has published an excellent article titled: “Freight Forwarding and Logistics: What The High Performers Know” The article indicates that using the structure of the three building blocks of high performance, as defined by the Accenture High Performance Business research program, the following are some of the important lessons about high

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Supply Risk Management For Freight Brokers

We saw a great article published in Logistic Management Magazine based on a study by A.T. Kearney, the global management consulting firm. In this study, the author focuses on identifying the importance of supply risk management in the global supply chain, which could affect a variety of LOGISTIQ’s clients including freight brokers and freight forwarders. This article emphasizes the need for freight brokers and freight forwarders to make sure that they have adequate Contingent Cargo Legal Defen

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