What is the best insurance  policy you can obtain for your freight brokerage?. A THOROUGH motor carrier compliance department! Sure a good contingent cargo policy provides protection and will surely ease the minds of many shippers, but knowing that your motor carriers are adequately insuring the goods can help ward off the evils of a possibly unfavorable claim. Our tip today asks you to pay special attention to the Carrier's certificate of insurance.

Imagine this scenario:

*You are brokering a load of refrigerated freight.
* You obtain a certificate of insurance (hopefully from the Carrier's insurance agent, who normally has an Errors & Omissions insurance policy to insure the accuracy of coverage they are stating the Motor Carrier has in place.)
*You check the Company name, policy number, effective and expiration dates, and the limit of coverage.
*Everything looks good. The carrier has a $100,000 cargo policy with a reputable insurance company.
*You broker the load. Quickly, I might add, because this is how you earn your living. On to the next load.
*A claim is reported by the Motor Carrier (or consignee, ect), it seems that the load has spoiled due to a malfunction with the Carrier's refrigeration unit.
* The claim is submitted to the Carrier's insurance company.
*The insurance company DENIES the claim.
*Why, you ask.
** In today's insurance climate, the terms General Freight, or FAK (Freight of All Kinds) are no longer accepted as the sole commodity the Carrier is hauling. The insurance agents are supposed to ask the Carrier to be specific in what they haul. The reason for this is because the insurance companies do not necessarily want to insure all types of goods. Also, they typically have different rate tiers for the commodities they will insure. In this case, the Carrier should have had a REFRIGERATION BREAKDOWN coverage endorsed to their cargo policy. THIS IS NORMALLY REPRESENTED ON THE CERTIFICATE OF INSURANCE AS FOLLOWS:

Name of Insurance Company, Policy Number, Effective Date, Expiration Date, Limit of Coverage, Deductible(Normally $1,000) AND A $2,500 REEFER B/D DEDUCTIBLE. If this REEFER B/D(or BREAKDOWN) deductible is not shown on the certificate, ASSUME THE MOTOR CARRIER DOES NOT HAVE COVERAGE FOR THIS. Demand another certificate showing this coverage. It could be worth $100,000 to you.

Visit www.contingentcargo.com to get an indication of what your contingent cargo premium will be. IT DOES NOT GET ANY EASIER to obtain this type of insurance using our website www.contingentcargo.com

WHY DO BUSINESS WITH CONTINGENTCARGO.COM?
WE ARE OWNED AND ADMINISTERED BY TRANSPORTATION
PROFESSIONALS EXPERIENCED IN TRANSPORTATION INSURANCE AND FMCSA PROCESSING.

CALL & SEE FOR YOURSELF. 1-800-977-9884!

All quotes are indication only, and subject to final approval by our underwriting department and ultimately. the insurance company.

Our Total Online Resource For
Freight Brokers and Freight Forwarders

Our Services Include:

*Obtain your FMCSA Broker authority.

*Get a quote on your BMC-85 Trust bond requirement.

*Obtain Contingent Cargo Insurance, Contingent Auto Liability,
or Freight Broker General Liability

*Advertise your services to other Freight Brokers or Motor Carriers.
*Obtain your free "Freight Broker's Guide to Playing it Safe"

Get "Hands On" freight broker training with our affiliate training school. Whether you are a new or accomplished freight broker, or Motor Carrier wishing to add to your "bottom line", this training program is for you.

Don't be left without protection if your Motor Carrier's policy lapses due to NON-Payment, EVEN THOUGH YOU HAVE A CERTIFICATE!


Can you rest assured that your freight in in good hands when you go home for the evening? Did your employees do everything they were supposed to when qualifying the Motor Carrier?

What will you get with a policy from www.ContingentCargo.Com.

* A Friendly voice on the other end of the line.
* An EXTREMELY competitive price on your coverage.
* A FREE transportation consultant for as long as you are our client.
* A FREE "Freight Broker's guide to Playing it Safe".
* Rapid Response Certificates of Insurance to you or your clients.
* An HONEST explanation of what your coverage Covers and what it does NOT cover.