Understanding the Nuances of Transportation Insurance and Broker Liabilities
In this episode of the Trucking Risk and Insurance Podcast, Jason Rogers, Senior Vice President at World Insurance Services, discusses the critical importance of working with specialized brokers for transportation-related insurance. He explores the differences between asset-based carriers, domestic freight forwarders, and domestic property brokers, highlighting their distinct roles in risk management and statutory liabilities.
Jason also explains critical industry terms such as non-admitted carriers, the significance of the bill of lading, and the mechanics of liability limitations under the Carmac Amendment. The conversation emphasizes the need for thorough understanding and communication among logistics providers to prevent fraud and manage risks effectively.
Jason Odgers
Senior Vice President at World Insurance Services
https://www.worldinsuranceagency.com/about/
https://www.linkedin.com/in/jasonodgers/
(954) 703-0918
Fort Lauderdale, FL, USA
Your Hosts:
John Farquhar
National Risk Services Specialist, Transportation, Gallager GGB
https://www.ajg.com/ca/
M: 437-341-0932
John_Farquhar@ajg.com
Chris Harris
CEO, Safety Dawg Inc.
905 973 7056
Chris@SafetyDawg.com
https://safetydawg.com/
00:00 Introduction: Importance of Specialized Brokers
00:16 Understanding Risks for Asset-Based Trucking Companies
00:47 Show Introduction and Guest Introduction
01:34 Specialization in Transportation Insurance
02:52 Non-Admitted Market and Its Implications
06:04 Ownership Structure and Mission of WIS
07:50 FMCSA Designated Authority Options
17:48 Liability Structure in the US
30:25 Collaboration and Communication in the Industry
33:25 Conclusion and Final Thoughts
Keeping it Safety Dawg Simple!
#trucksafety #truckinsurance #truckpodcast
Do you need a "Truck Driver Safety Policy?" Get it today! https://safetydawg.com/policy
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