Freight Broker Insurance

first off....I Thought you had no intentions on working with a freight broker,According to your other threads..

If You choose to move your products via a freight broker......the Only thing you need to check on is that they have a $75,000 Bond in place.

It Can Be a Bond from a Bonding Company, Or a Trust fund from a reputable financial institution..

Other than that.....make sure you Check them out Closely, Look for Carrier Testimonials on them.



Personally, making a good relationship with a few carriers is your best bet,

I have a total of 24 years in transportation..And when a 3rd party is involved, There will always Be problems co-ordinating Traffic For your Goods to be moved


Best of luck to you and Welcome to The Truckers Report

 

That statement by the Broker saying that they have "Better" insurance than a carrier direct is part of the "Dog and Pony show" to get you to think they are better when it comes to transportation..

Carriers Have to carry a federal MINIMUM amount of Insurance which Will Cover Them,Their equipment, and most importantly YOUR PRODUCTS.

You Choose who you want to work with......But at some point Common Sense will move in.

Do you entrust a feight broker whom generally has never owned trucks, But are Great at Persuasion and tasteless tactics to acquire your business..or will you entrust a Motor Carrier whom understands what responsibilty of running Trucks and taking on the responsibilty hauling your products?

 

Ask the carriers to add your business address and name as a certificate holder and to send you a copy of it by fax or email. If something is damage you withhold payment for the freight bill til it is paid or call the insurance company to file a claim. $100,000 is the industry standard. No broker needed.

 

I'd like to know who the broker is. Sounds like TQL. The broker is not adding anything to insure the shipment is better insured just filing a claim just as you would.

 

What they mean by some carriers would not have that level of insurance is that some insurance for cargo is less than $100,000. You having a certificate of insurance is no different than the broker having it "through them" there is no extra insurance coverage