Good morning and Happy Mothers Day to all the ladies of Load One and all of the other ladies of our industry as well. Hope you all enjoy your special day!
So they paid for the sales people. Coordinated both carriers and the cross dock. They handled all the customer updates and tracking They paid everyone. They billed it. They waited to get paid. And when all that is done they made??
Not really. If you don't feed improperly insured carriers and help keep their trucks rolling they either go bust or decide that if they are going to be in the industry they need to step up and be compliant. I would hope more would step up, but yes I am sure some will go more rogue. Ok, I am...
It isnt hard to fake it being a multi. The carrier does not have visibility to the insurance covering the vehicles. They have one cert covering half the time one or two vehicles....so easy to say...Ok look I have a cert they are covered even if they know that policy is not the true insurance...
I am not saying they "think" they are correct. If you want to simply look at the surface document and turn a blind eye in the name of profit..... Correct and choosing to not look are two different things all together.
No, if you need 1 million dollars of trucking automotive liability insurance and you only buy $25,000 then yes that is under insured. If you get a cheap policy from a company that does not write trucking and thus will deny payment as a non covered event then you really dont have insurance at...