Hi guys Cassandra Gaines and here I have
Ronald with Reliance and why am I bringing Ronald to you today? Well it’s
because we’re about to launch a set of series throughout the country called
More Freight More Problems. Obviously the more freight you get the more problems
you have so Ronald I’m going to bring to you because he’s an expert and he’s an
expert in insurance and he can get you the answers you need now. So I’m going to
ask I think one of the most important questions which is what do you think a
broker needs to know about insurance or something that’s commonly misunderstood?
A broker needs to understand the liability that they are exposed to both
contractually and non contractually and they need to understand if their
insurance policy they have today covers that liability. Wow, okay. So what if I
didn’t sign a contract with the shipper? Or I guess even with the carrier’s which
I hope would never happen but it does what kind of liability or what kind of
coaching do you have for those who don’t sign contracts with shippers if any? Well
it’s a small positive if you don’t have a contract with a shipper because that
lets you off with some of the contractual obligations you have but you still have
liabilities and that you need to address. I agree that’s what I say too
and and so coming from an insurance perspective do you think it changes
insurance coverage if I have in general if I have a contract, or I don’t have a
contract or is it just depend on the insurer? It changes it some. It’s going
to depend on your insurer but it does change some. Okay good answer and I
like asking these questions because brokers come to us with these questions
and they do need to understand that you need insurance and you do have liability
when you don’t have a contract and when you do have a contract to and
talking about cargo liability and auto liability when the carrier gets their
party carrier gets in an accident on the road that’s why it’s important to know
the difference that’s correct so thank you very much