Excess Cargo insurance Archives

When Is Excess Cargo Insurance (And More) the Right Business Decision?

Hauling chemicals and hazardous materials adds an extra layer of danger to an already risky industry, and that can make finding coverage hard to find. But your business needs the right truck insurance so it can compete for profitable contracts, keep employees safe, and not be swamped with the administrative burden of claims.

How to Keep Your Trucking Business Healthy and Safe:

Add excess liability coverage and use industry standard minimums instead of the bare minimums.

Hazmat trucking has a lot of potential risks, both for your business and for you and your employees. Make sure you have enough excess cargo insurance coverage for the common risks and injuries for your market, especially if you transport chemicals that are dangerous to people simply through exposure. Having extra coverage helps protect your trucking business from the worst, and it also shows potential clients that you consider safety a priority. In fact, many government and corporate contracts require insurance limits above state and federal requirements, so adding extra coverage (such as excess cargo insurance) can find you new business.

Protect your equipment, not just your truck.

If you lease a truck, then truck insurance is probably a requirement under your lease, and insurance minimums are mandated for truck owners, too. But many small companies leave their specialty equipment for loading and unloading, cold storage, and safe containment off of their policies. Make sure all of your assets, not just your vehicle, are protected from the dangerous shipments you carry with excess cargo insurance.

Go to LOGISTIQIns.com to learn more information about protecting your cargo and your trucking business with excess cargo insurance.

The Future of Self-Driving Trucks for Cargo Delivery

Self driving truck for cargo delivery

Self-driving cars are ubiquitous in the news lately, though you don’t hear enough about the future of self-driving trucks. It’s not that it’s not happening, because we’re seeing a lot of experiments with them now.

One of the most recent tests is through Daimler and a semi-autonomous freight truck. This new truck is on a fast-track to compete with Google in getting cars and trucks on the road without drivers.

The question is, will this truly affect cargo delivery truck driver jobs? As a subject worthy of debate, it’s worth exploring the impact.

How Soon Will We See Self-Driving Trucks On Our Highways?

Daimler above already has their self-driving truck on the highways of Nevada. Since then, other trucking companies have begun to experiment doing the same thing. Company names like Otto, Volvo, and Peterbilt have joined Daimler in creating self-driving trucks across our nation’s highways.

You’re seeing a push to get these out there because of the economic benefits compared to ordinary self-driving cars. Considering many of them have far more efficiency in how they operate and in stopping for fuel, the argument is how they’re going to complement cargo delivery trucker jobs.

Will Self-Driving Trucks Help or Hurt Cargo Delivery Drivers?

One problem not usually addressed is the shortage of truck drivers out there. Reports are the industry is short over 40,000 drivers as of 2015. This shortage has expectation to grow exponentially into the next decade.

With this in mind, self-driving trucks for cargo delivery could help many existing drivers under pressure to keep up their duties. So many truckers already suffer from sleep deprivation due to long driving hours.

A self-driving truck can alleviate these pressures of truckers while merely adding to their jobs rather than take them away.

It’s worth thinking about, despite self-driving trucks being a certainty on all our roads within the next two years.

Visit us at Logistiqins.com to use our resources for risk management consulting services for the freight broker industry.

Excess Cargo Insurance, an Added Measure of Protection

Cargo theft is a daily concern that affects all avenues of the shipping industry. It’s a multi-billion-dollar criminal industry that threatens the US economy and our national security. And, adding injury to insult, the exorbitant costs to industries is, by necessity, passed on to consumers. The result is higher prices for just about everything, and a huge gouge out of every citizen’s financial budget, excess cargo insurance is an added measure of protection.

Cargo is stolen from tractor-trailers, rail cars, ships, planes, and even directly from warehouses, with stolen goods being sold on the internet, directly to willing consumers, and through unethical third-party enterprises. If you have stolen goods, most likely there is someone willing to take them off your hands.

So, what is a business owner to do to reduce his chances of being victimized? Don’t rely on any single approach to cargo protection and security. You need layered cargo protection and a security network to keep products and shipments safe. In addition to the usual security personnel and video surveillance, consider vetting of employees, tracking devices, locks, and barrier seals. Review your operations, and try to imagine every criminal scenario with regards to potential “weak links” in your security system.

For shipping losses other than theft, make sure you have adequate insurance. Private insurance on large shipments can be extreme, so consider using a freight broker with an option to purchase excess cargo insurance when needed. Freight broker services are valuable to both shippers and motor carriers. A good freight broker will help you find reliable carriers, that fit your needs and minimize your risks, by utilizing their knowledge of the shipping industry and technological resources. Excess cargo insurance enables your broker to cover freight values that exceed the carrier’s primary cargo limit.

In a volatile world, rife with unexpected dangers and disasters, you need to ensure that you are protected on all fronts. LOGISTIQ Insurance Solutions can help you accomplish this.

Tag Archives: Excess Cargo insurance

When Is Excess Cargo Insurance (And More) the Right Business Decision?

The Future of Self-Driving Trucks for Cargo Delivery

Self driving truck for cargo delivery

Excess Cargo Insurance, an Added Measure of Protection

Excess Cargo Insurance, an Added Measure of Protection

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