Insurance

Sound risk management and seeking expertise on insurance matters can help avoid those "What can go wrong? scenarios.

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.

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. ...

CLASSIC RIDDLE IN TODAY’S REFRIGERATED WORLD Dianna Whitby | DEER PARK CONSULTING, LLC Have you ever pondered what came first, the chicken or the egg? If you have decided the answer, then move on to the next and possibly more challenging question: Which is more accurate, the reefer download or the temperature recorder (TTR)? Your answer to that question may ...

Dianna Whitby | Deer Park Consulting, LLC Cargo claims aren’t generally pleasant, but they don’t have to be a “deal-breaker” between you and your shipper or you and your carrier. Let’s face it, everyone makes mistakes! The manner in which one recovers from those mistakes may be the difference between keeping and losing a customer. TIA is associating with Dianna ...

Will Sehestedt | Transportation Intermediaries Association As TIA continues to grow, so do the interests and capabilities of TIA member companies. In TIA’s 40th year, the Association now includes hundreds of companies that offer not only domestic over-the-road transportation services, but also a host of international and multimodal capabilities. TIA staff work hard to ensure that every member has access ...

Jay Jeannotte and Billy Worthington | FALVEY SHIPPERS INSURANCE As a third-party logistics (3PL) company or broker, you’re in a unique position to help educate shippers on transportation best practices. You have the expertise and access to keep all parties informed. Aside from being good business, this will strengthen your professional relationships and protect your own company from liability. Here ...

Adam Green and Brian Dreher | INTEGRO USA INC. Like many companies, freight brokers purchase insurance coverage each year to protect their operations and meet customer requirements. Getting the best solution for your needs starts in a place you might not expect; rather than focusing your search around price, begin by identifying your chief concerns and objectives and then design ...

A CREDIT INSURANCE CASE STUDY Chris Baker | Euler Hermes North America Innovative logistics provider OTR Transportation learns that credit insurance does much more than protect A/R. The tipping point for OTR Transportation’s founder and Director of Procurement Jonathan Braun came after his young company was hit by a second bad-debt situation. Said Braun, “They got us for almost $40,000.” ...

Anthony Nunziata and Tom Moran | Roanoke Insurance Group It probably comes as no surprise that shipper’s interest cargo insurance benefits cargo owners. This policy is an effective risk management solution that transfers the risk of loss or damage to goods from the cargo owner to the insurance company. What may not be so well known is that Shipper’s Interest ...