Additional Insured

[XPORTIN]

And trust me carrier insurance is not cheap. Better believe we are going to use it if need be!

 

[LrgCar]

And trust me carrier insurance is not cheap. Better believe we are going to use it if need be!

Not always the case, better pay small claims out of pocket than throw it on the insurance. It'll help your premiums and most policies' deductibles range from 3000 to 8000 so really no point to claim unless the damage well exceeds that amount.

on a side note: Some of these "claims" that come from customers that work with large LTL carriers are hilarious since they very claim trigger happy just dealing with the LTL carriers. Had an FTL last week pickup in a dry van, heavier stuff so their shipper nailed the pallets to the floor, no biggie. Load arrives intact to the consignee, dock workers unload the trailer and do not care for the nailed pallets although driver advised. Truck is empty no notes on BOL. This morning we get a claim through the internet mail, surprise surprise there is damage and one can clearly tell that all the pallets are broken from the forklift driver lifting the pallets with the nails and one even had the forks go through and damage the product. The funny thing is our driver films everything with a go pro mounted on the e-tracks for loading and unloading, our customer here had a good laugh after seeing the video.

 

[artmax]

I have 188 brokerages set up and I have 0 policies as such - after how Scottlyn treated Titan Trans Lines -

Would it be wise to protect a brokerage that can never have your interests in mind?

 

[NotForHire]

I have 188 brokerages set up and I have 0 policies as such - after how Scottlyn treated Titan Trans Lines -

Would it be wise to protect a brokerage that can never have your interests in mind?

Every single brokerage has the broker as the insured party under their business name and address.
We can request any insurance broker or provider company to send the certificate in our name. We just need to know who to ask at the insurance broker.

 

[chica123]

Not always the case, better pay small claims out of pocket than throw it on the insurance. It'll help your premiums and most policies' deductibles range from 3000 to 8000 so really no point to claim unless the damage well exceeds that amount.

on a side note: Some of these "claims" that come from customers that work with large LTL carriers are hilarious since they very claim trigger happy just dealing with the LTL carriers. Had an FTL last week pickup in a dry van, heavier stuff so their shipper nailed the pallets to the floor, no biggie. Load arrives intact to the consignee, dock workers unload the trailer and do not care for the nailed pallets although driver advised. Truck is empty no notes on BOL. This morning we get a claim through the internet mail, surprise surprise there is damage and one can clearly tell that all the pallets are broken from the forklift driver lifting the pallets with the nails and one even had the forks go through and damage the product. The funny thing is our driver films everything with a go pro mounted on the e-tracks for loading and unloading, our customer here had a good laugh after seeing the video.

I wish we could set up a new thread about shippers nailing their freight to the floor of the trailer. We don't allow it actually. I really feel as if this is a relevant question to ask ahead of time and not assume that a carrier will allow you to put nails in their floor. I would prefer to have the opportunity to pass on a load than just give shippers a green light to do this across the board.

 

[Shakey]

I wish we could set up a new thread about shippers nailing their freight to the floor of the trailer. We don't allow it actually. I really feel as if this is a relevant question to ask ahead of time and not assume that a carrier will allow you to put nails in their floor. I would prefer to have the opportunity to pass on a load than just give shippers a green light to do this across the board.

We had a shipper once actually bolt machinery down in a trailer….that was a fun one

 

[TRKINSURE]

Not only brokers are asking for this, many shippers are as well. Being a certificate holder only provides you with notice when the policy expires or changes in some way. Being an additionally named insured would mean that any action brought against the carrier that also included the shipper or the freight broker would be defended by the carriers insurer. An additional named insured is not the primary insured.

Perfectly summarized. An additional insured is granted coverage on your policy, but cannot make changes to.
And “us”, the insurance brokers will “endeavour” to notify you if the policy is cancelled.

That “endeavour” is a legal word, is used because it doesn’t always happen that we notify COI holders.

So just because you have a COI named as Cert holder or additional insured - doesn’t necessarily mean it’s active. Always a good idea to call the brokerage (insurance) prior to doing business just to validate it’s in-force.

 

[TRKINSURE]

Many brokers are now asking to be additional insured.
According to my ins broker that allows them access to change my policy.
Am i missing something

You need a new broker lol

 

[TRKINSURE]

Too much fraud going on where carrier authorities get compromised and these fraudsters make similar emails to book loads.

We've gotten used to brokers requesting insurance directly from our insurance broker... sometimes they take a while which sucks when we are urgently waiting for the load tender.

Umm maybe I can assist?

yea but marsh is the brokerage. im more interested on the insurers side of things. any broker can just blindly add additional named insured on COIs without letting the insurer know.

correct!

 

[theman]

A lot of customers will have this requirement from brokers that they contract with. And they're right.