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Insurance

L-POP

New Recruit
Owner/Operator
Offline
I am an independent contractor, I have my own insurance and deliver goods for a company that receives them at their warehouse from shipper. They want me to list them as payee in the case of loss/damage cargo. My insurance company refused but didn't explain why. Shouldn't the company that receives the goods already have it insured? In case something does happen, they get the check and I get stuck paying a higher insurance premium. It seems a bit shady to me. Can somebody explain this to me?
 

tknight

Veteran Expediter
Offline
It's called additionally insured it very standard, call your agent and tell them to do it, it costs nothing, if they refuse, your with the wrong company! Probably under insured as well. They also need to send them an accord, which is also standard. It's a form showing your limits and policy info, again it's free. I have 6 other companies on my policy right now.


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BigStickJr

Veteran Expediter
Retired Expediter
Offline
He has cargo.

He has cargo van.

Now you want him to get cargo insurance ?

Who can afford insurance at these rates ?
 

geo

Veteran Expediter
Charter Member
Owner/Operator
US Navy
Offline
Ceva requires all subcontractor 's to have $1,000,000 cargo ins
check with OOID they have all kinds of coverage
 

tknight

Veteran Expediter
Offline
Ceva requires all subcontractor 's to have $1,000,000 cargo ins
check with OOID they have all kinds of coverage

1 million? Cargo or 100,000 ?
Really I've never seen 1 mil cargo requested ever


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geo

Veteran Expediter
Charter Member
Owner/Operator
US Navy
Offline
That is what Ceva requires , from tractor, straight truck, van
 
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