Quote:
Originally Posted by galila
Hi .
Well about that self insurence ...
lets start from the beginning.
J.B hunt is a great compeney and we all love therm...
but thay are one of 5 trucking compeney's that have such a bad safty record
(counting fetalitys per 10 milion mil. !!! )
that thay cannot get any out side insurence
so thay have an in house insurence compeny for self use only .
just like having your own "ALLSTATE"...
i'm a newbee ...
please let me know where to find the spell check.
thanks.
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Ok. Unfortunately, he is not talking about JB Hunt self insuring themselves. Please reread his question, and welcome to EO, newbie.
The certificate is issued from your insurance company (if you are a carrier) listing your company as the primary insured and listing the company you are partnering with (shipper, broker or carrier) as an additional insured. That certificate is faxed to the people you are hoping to serve (shipper, broker or carrier) and is kept on file by them, although you should keep one as well. They do this for liability reasons. Your company may be required to carry 1 mil. in liability and 100k in cargo insurance. Your client may be carrying 5 mil liability and 1 mil cargo, to insure their customers' freight even beyond your means. That cert allows them to cover themselves from the point where yours leaves off.