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Cargo Insurance Changes for the Trucking Industry

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Cargo Insurance

The past year has been difficult for cargo insurance companies. Three claims in particular had an adverse impact on the cargo insurance industry. A big loss at a distribution facility following tornados in Nashville, a loss in the Port of Beirut, and a loss aboard the Golden Ray vessel, which lost 4,200 vehicles on board. All cargo insurance carriers share the same reinsurance markets, so ocean cargo and international losses influence the domestic truck cargo insurance market as well. These large losses lead to increased premiums and coverage changes for all cargo insurance policies.

As a result, truck owners and operators need to understand these changes. Below is a list of some general changes that insureds may expect in their next cargo insurance renewal cycle.

Premium increases – With losses on the rise, premium always follows. The average premium increase for loss-free accounts is between ten and twenty percent for the most recent cargo insurance renewals.  Insureds with a recent history of claims can expect even higher increases.

Covid-19 and Health Hazard exclusions – The significant supply chain disruption caused by Covid-19 has led to an increase in cargo insurance claims. As a result, most cargo insurance renewals have new exclusions for losses due to Covid-19 or a similar health-related cause. With this exclusion in place, trucking companies need effective business continuity plans in place in order to manage supply chain disruptions as they occur. Otherwise, the truck operators could face an uninsured loss.

Cyber Liability exclusion – On the surface, a cyber-liability exclusion may seem like a minor issue when it comes to truck cargo insurance. However, given the increased use of electronics in trucks and at distribution facilities, truck operators need to understand that a loss resulting from a cyber-attack could be uninsured.

Coverage terms – When insurers pay large losses, they compensate by tightening coverage terms. Cargo insurance carriers achieve this in several different ways. Insurers may require a higher deductible in order to write a renewed policy. Another way insurers limit their exposure is by increasing the exclusions. Typical exclusions under a cargo insurance policy include live animals, jewelry, expensive paintings, and some forms of chemicals. However, any load with an increased risk may cause insurers to further increase premiums.

Add on Coverage – Truck operators can also add various ancillary coverages to the cargo insurance policy. Given that each of these presents a unique risk, insureds should expect related premium increases over and above typical increases for cargo insurance. These include the below optional coverages.

Refrigeration breakdown coverage – covers losses caused by malfunctions in temperature control units.

Earned Freight – replaces income lost when a load is not delivered due to a covered cargo loss.

Removal Expenses – coverage if a load is accidentally dumped on a roadway or waterway. Covers the cost to remove debris or pollutants.

Sue and Labor Coverage – covers costs related to preventing further loss to damaged cargo.

Earned Freight Coverage – covers freight charges the customer loses from not delivering a load.

Loading & Unloading Coverage  – provides coverage for the commodity while it is being loaded or unloaded.

Truck operators must understand the changing cargo insurance climate in order to make sure that they secure the best possible coverage at the most competitive price.

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BUSINESS

How to ship a car to another state in 3 easy steps

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How to ship a car to another state in 3 easy steps

If you ever need to ship a car to another state, you might find yourself wondering how to do it. There are several options, such as hiring someone to drive your car or driving it yourself. You might also find yourself considering whether to ship it by train or plane. However, these alternatives don’t come close to the convenience of shipping a car to another state using one of the many auto transport companies.

The cost of this option is more than affordable. It is also very convenient because you get to choose the pick-up and delivery locations. Best of all, the process is a straightforward one, and you’re about to find out how you can ship a car to another state in three easy steps.

Step 1: Get your car shipping quote and book your order

The first step is to get in touch with several car shipping companies and request a quote. To provide an accurate quote the auto transport company will require some basic details. These include:

  • Pick-up city and state
  • Delivery city and state
  • Vehicle year
  • Make and model
  • Condition of the vehicle
  • Transport type
  • First available shipping date

Many auto transport companies offer an instant online quote calculator for prospective customers. If this isn’t an option, you should be able to call or use Live Chat. It’s always a good idea to get several quotes so you can make a comparison. You also need to check whether the quote is inclusive of all costs. Another factor to check is that the company requires no upfront payment and offers free cancellation.

Once you’ve found a quote you’re happy with, it’s time to finalize the details of your car shipping service. At the same time, take the opportunity to run through the process with the company’s customer service advisors and take the time to read the small print of your contract. Don’t forget to ask for the carrier’s contact information, just in case you need to contact them during the transportation process.

You may have to pay a small partial payment to secure your booking. It also tends to be a requirement if you choose to pay in cash upon delivery of your vehicle. Another payment option is paying in full when the booking process is finalized, and a courier has been assigned.   

Step 2: Your vehicle is picked up

The carrier assigned to your shipment will get in touch a few hours before the scheduled pick-up time. This is to confirm the details and clarify that the location is accessible for large commercial vehicles.

Access can be an issue if regulations are in place or there are low-hanging trees or power lines. It’s not a problem if this is the case, because you can make alternative arrangements. Think about your local area and whether there is a wider street close by or without any access restrictions. Other suitable pick-up locations include parking lots, or perhaps where you work.

The carrier also needs to confirm who is going to be there when your vehicle is released. Ideally, it should be you, but you can appoint a third party to act on your behalf.

At the time of pick-up, you and the driver inspect your car before it’s loaded onto the trailer. On the Bill of Lading, you must record any dents, dings, scratches, and other existing damage. You’ll be given a copy of this important document to keep safe. You’ll need it to compare the condition of your vehicle when the carrier delivers it.

As soon as the paperwork is complete, the carrier will load your vehicle onto the trailer and the driver will start his journey. For your own peace of mind, most auto transport companies allow you to check in regularly. There are also some that choose to keep you informed with regular updates by email, Live Chat, or phone.

Step 3: Your vehicle is delivered

The final step in the car shipping process is the delivery of your vehicle. Generally, the carrier will contact you when then are a few hours away from the delivery location to check you’re available. Don’t worry if you’re not because you can nominate a third party to act accept delivery on your behalf.

When they deliver your vehicle, don’t forget to inspect it closely and make sure everything is in order. Use the copy of the Bill of Lading for comparison. If it is all in order, sign the Bill of Lading and accept delivery of your car. For those of you who chose the discount cash price, this is also the time when you settle the bill and pay the final balance. Payment methods that are accepted include cash, cashier’s check, or money order.

Shipping a car to another state might seem complicated, but now you appreciate how easy the process is, you don’t need to worry about making the arrangements in the future.

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BUSINESS

Helping The Businesses And Candidates To Grow With The Best Recruitment Agency!

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Helping The Businesses And Candidates To Grow With The Best Recruitment Agency!

Recruiting good and well-versed candidates is a very important task for any business or company. The success of a company is based on the type of candidates it hires. It is vital for every workplace to have a strong team of potential and efficient employees that will contribute to the growth of the company. This is where a recruitment agency comes into the picture as it helps in finding the best candidates based on the company’s requirements and job profiles. A recruitment agency acts as a link between a company and a job seeker. It intermediates the relation between someone who is looking to hire and someone who is looking for employment opportunities. The basic and most important task of the recruitment agency is to find suitable candidates who fit well in the positions available in a company and help the company grow positively. Keep reading further to know about the recruitment agency that provides great opportunities and positions for recruitment.

Excellent Recruitment Opportunities By Scion Technical Staffing

Recruitment is not limited to any one particular field and recruitment agencies are in high demand in every sphere of the market world as everyone aims at having the best of the candidates. While talking about agencies that provide great recruitments, Scion Technical Staffing ranks our list of recruitment provided by IT Staff Agencies. The company swears by their tech recruiting success and credits their unwavering commitment, excellence, dedication and passion for technology as the reason behind it. As one of the best IT Staff Agencies it guarantees the best and most creative candidates that are impossible to find through any other sources. Scion enjoys its fame of earning a place in the Business Times as well as in The Forbes under the category of Best Executive Recruiting Firms in The World. Scion not only helps in choosing the right candidate but also extends its support and guidance to help you navigate through the entire recruitment process. It swears by finding and securing the best talent for you. Thus, it is no doubt that Scion Technical Staffing is indeed the best among the various IT Staff Agencies available on the web. 

Different Areas Of Recruitment Provided By The IT Recruiter

Scion Technical Staffing deals with various areas to provide the right and truly potential candidates for your company. The IT Recruiter recruits for all the US cities in areas such as Technological Leadership, Marketing, Project Management & Operations, Engineering, Data & Analytics, Creative, Web & Applications, Network, Support & Hardware, Technology Sales and Other Specialities. Thus, Scion truly justifies being the best among the various tech staffing agencies for its commitment, support and dedication in providing the best recruits. Apart from providing recruitment in the above mentioned areas, it also provides an array of specialization in areas such as Cloud Computing, Engineering, Data, IT Security and many more such technical areas which have gained quite a lot of popularity and importance in the technical world. Scion Technical Staffing is the most popular choice among the tech staffing agencies as it employs the best and connects the clients with the extremely motivated, pre-screened and highly talented tech professionals.

To Conclude

Scion Technical Staffing is the best IT Recruiter if you need extraordinary talent to hire for either contractual basis, permanent job or for executive functions. Scion is indeed a critical need for expanding organizations and corporations and ensuring their complete success as it strives to provide with the best and most efficient tech professionals which are impossible to find on the web or in any other recruitment agencies. Thus, Scion truly is a champion in the field of recruitment agencies!

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BUSINESS

Choosing the Best Containers for Shipping

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Choosing the Best Containers for Shipping

Planning and organizing shipping is a rather complicated and time-consuming process. The greater part of business owners wants to deliver their goods as soon as possible. No wonder, they often choose the first quotes they find on the Internet. It’s not a good idea while you have to consider lots of details in order to receive our goods not only on time but also intact.

Alongside selecting the proper mode of transportation, it’s necessary to pay attention to the available types of shipping containers. There is a big misconception that it’s just enough to place your items in a standard box, and the parcel will be delivered safely and soundly. The right choice of shipping container is a key element of trouble-free transportation.
A competent and experienced freight forwarder knows for sure that peculiar cargo requires a peculiar container. No wonder, when you cooperate with professionals, you are to choose among the following variations:


●Standard sample.

The standardized sizes of the model are 20 and 40 feet. Yet, the capacity of the items can vary from operator to operator. You may order this variant if you deal with standard cargo. The content is protected against water and dirt;


● Reefer.

This variation is good for shipping cargo that requires temperature control. The most common model comes in 20 feet. Yet, it’s also possible to find 40 feet alternatives;


●Open top.

This type possesses unique characteristics. It is open at the top and covered with a tarp whenever possible. It’s extremely popular in machinery;


●Double door.

Such models have doors on both ends. The samples are very convenient. They encourage fast downloading and uploading processes;


●Pallet wide.

It’s an ideal way out if you need to transport non-standard items. This type allows keeping the cargo tight, so there is almost no chance of cargo slipping;


●Flat rack.

Delivering pipes, machinery components, or busses may be challenging unless you use this kind of tub. It has sides only on the short end of the sample;


●Side door.

This model has doors on the long side of the tub. It’s very convenient to deal with heavy items. The construction gives full access to the content;


Tanks.

They are applied when it’s necessary to transport liquids. It’s better to select models which are made of anti-corrosive materials;


Hardtop.

This variation has points through which a forklift can lift the roof;


Insulated.

This variant is often used when it comes to expedited shipping of perishable goods such as edibles.


●One-trip.

It’s about new samples. You get not only the freight but a new container. It’s possible to sell it later.

Moreover, each of the above-mentioned types may come in various sizes. It’s possible to meet the needs of any business. It’s better to prefer top-quality and reliable models to protect the content.
To sum it up, the importance of the right choice of containers should be highlighted once more time. They are a must for effective and loss-free logistics. If you can’t choose the needed options on your own, you may cooperate with leading freight forwarders. They are to provide you with the best logistics solutions no matter how complicated your order is.

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