Insurance

Risk Management: A Specialized Approach for Freight Brokers

Graham Gonzales | RELIANCE PARTNERS INSURANCE IN THE 3PL space has evolved over the past decade. Exciting innovations in this arena have led to wariness among insurance providers, supported by an unprecedented cadence of claims. Backward, right? Innovation is exciting and change is good in most industries. What this means is that a traditionally fixed industry has become fluid in ...

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Financial Risk Mitigation for Brokers in Uncertain Times

Steve Kochan | COMFREIGHT TO SAY WE’RE living in “interesting times” might be an understatement lately. From shippers having an over-supply to the challenges that smaller carriers are experiencing with fuel prices, to the greater macro-economic challenges of inflation, there are many new dynamics that will likely continue for some time. Carriers are under pressure as fuel costs reach record ...

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Claims Corner: Theft

When cargo goes missing en route, a practical and methodical approach—being proactive, professional and bold—works well. But asking, rather than demanding information, works best.

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Salvageable or Not

Inevitably, delivery snafus will occur, and sometimes canceled altogether. Make sure to follow the Cardinal Rule to “Get everything in writing,” and consider using an "On Hand Notice" to salvage product and recover costs.

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Finding Stability in Uncertain Economic Times

Even though it occurred a decade ago, the lessons from the 2008-2009 recession are still fresh in the minds of many business leaders. And they still affect companies’ credit management decision-making and strategy.

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There’s Going to Be a Claim

ID: 478271989; Kokliang/Shutterstock.com

Doug Clark | Douglas Clark Consultants We’ve all been there – crushed cartons, wet product, frozen product, hot product, shortages, late arrival, no arrival, etc., etc. An endless list and one that often requires adjusting the agreed-upon freight rate with a customer. Some adjustments are less than $100, while others are right at the limit of your applicable insurance deductible. ...

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