SUBHAN TRANSPORT INC - REPENTIGNY QC - MC-929534

Thanks Mikejr. I don't know how I did it but yes I had blocked frtbrkr. Never happened on old site, so maybe it's somehow easier to do with the new format? Could just be the uncoordinated fingers as well!
 
i want to thank you all for your sound advise. If i may ask those who got paid from their Freight Broker Insurance, was it paid by simply claiming your insurance, or did your customer(s) sue you in court first?

Loaders, i hope you see my posts now...
 
Yes, I can see them now. In a case where the carrier's insurance declined or refused the claim, our insurer settled directly with the customer who suffered the loss. Whether or not they subrogated against the carrier's insurance company I cannot say. There have also been cases where not only the carrier's insurance provider declined the claim, but our insurance did as well. In that particular case the customer initiated legal proceedings against both our firm and the carrier. Our insurance defended us in that action and in this case, did pay out a small portion of the claim after lengthy negotiations. The "long and short" of all this, is that no business should operate without sufficient insurance to provide adequate protection for their operations. I strongly recommend you consult with a few insurance brokers to decide what type and how much insurance is suitable for your operation.
 
You are 100% right. but it was my understanding that our Freight Brokers insurance policy will only step in when they have to defends us (actually themselves...) plus in such case, if they have to pay out in the end, they will deduct from final payout their legal expenses related to the case, should the total reach the policy limit.

Example, if the policy is for 100K the claim was for 100K. the insurance company wont do a bit to assist us or our customer, the customer will have to claim us in court (which means losing the customer), the insurance company will fight tooth-and-nail not to have to pay. If they lose, the will deduct from the final payout their legal expenses and minus the deductible. this can leave us with a huge burden, a lost customer and an increase in the comings years' premium. what kind of a protection is that?

If you are saying that i'm wrong and they will pay claims just by filing a few forms and submitting proof, that's news to me and i will sure have a different perspective of it.

I'm a fan if insurance in general. i'm not sure how many Brokers are insuring their A/R but we are.... in addition to the regular office equipment insurance, liability, business interruption, data loss recovery and the rest.

Freight Brokers insurance was always questionable to me, which is why we have this discussion now.

I will consult with some insurance Brokers, again

BTW, no one added anything about the Subhan....
 
I hate to paint a rosy picture, but in my case, we notified our insurer that our client had a loss because it was a large amount and we wanted to be sure we were proceeding against the carriers insurance correctly (yes our client had their own insurance also). In the end it was a question of trail of liability.
The transporting carrier 'lost the shipment' (technically, they were criminals, yes we know that), their insurance as mentioned was void so the next in line was us.
Our deductible was paid by us (to our insurance company) and they paid out the $2/lb in full to our customer (the claimant).
No court, no wasted legal fees. When intelligent business people come together (with the backing of an ethical and long term partner like Marsh Canada) why should anyone spend money on lawyers? All it does is cost everyone more in the end.
Funny story, the claimant's insurer called me about 6 months after it was settled advising me they had an open claim. I sent them a copy of the full and final release signed by the claimant so they could close their file also. We all need to work together on these kinds of things.

Keep well,
Mike
 
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you want non-follow form contingent cargo coverage plus E&O.
@frtbrkr if you really don't have insurance you may be held fully liable for any loss on that load, and seriously I don't understand how anyone has trusted you with their freight when you don't have coverage... your customers are in serious trouble if this claim isn't settled by the carrier's insurance...
 
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Unfortunately, ShawnR is absolutely correct. Without some sort or back up, or Plan B, in the event a carrier's insurance denies the claim, you and/or your company could face the burden of settlement on your own. Not an enviable position to be in.
 
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