The calculation for freight carrier liability is prehistoric to say the least. Freight Class x Weight = Carrier Liability Most companies assume if a freight carrier losses their $20,000 pallet of goods, the freight company is responsible and should pay them the $20,000. But this simply is NOT the case, they pay based on freight class and weight of the shipment. This calculation often leave companies confused by the liability of the carrier and exposed to large losses due to gaps in coverage. InsureShield is straightforward. InsureShield covers the full invoice value amount of the shipment. No crazy calculation necessary. If you are shipping high value shipments and concerned about your exposure and gaps in coverage, feel free to reach out and learn more. #InsureShield #Gaps #Exposure #CarrierLiability #FreightClass #SpongeBob
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Can a PEO reduce your liability? Yes! A PEO partnership is based on co-employment. As a co-employer, the PEO will come alongside you and help you shoulder the burden of risk and liability. You can trust them because they have skin in the game. And because the PEO serves as co-employer for hundreds of other companies as well, they can bundle all of those employees together and get big business benefits for you without the huge costs you would face on your own. Want to know more? Check out the full post: https://bit.ly/3yailEk #peo #HRoutsourcing #smallbusiness #smallbiz
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We are thrilled to announce that DUAL has expanded its General Liability offering to include small to medium businesses on an offer and acceptance basis via our dedicated Liability Underwriting Team. This expansion is in addition to our current General Liability offering available via our WebRater. DUAL’s expanded liability appetite includes small to medium businesses as well as large corporations catering an extensive range of risk sectors, services and products. Our target appetite includes risk industries such as: ➡️ Manufacturing ➡️ Importing ➡️ Exporting ➡️ Engineering ➡️ Wholesaling ➡️ Retailing ➡️ Property Owners ➡️ Business Services Our dedicated Liability Underwriting Team is available to offer you customised solutions to meet your client’s needs. For further information on DUAL’s General Liability offering, please download our attached appetite summary and contact Darren Hayes - Head of Liability | [email protected] #GeneralLiability #DUALaustralia
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Sales & Marketing Executive Importation & Exportation 🚢🛫 Freight Forwarder 📦 Excel & Data Analyst Interm 🖥️ Founder T60 Travel & Tours 🛩️
These are risk factors to look into when getting an extremely low rates from a shipping company:- 1. Insurance - Majority of this companies do not have insurance to insure your shipments incase of damage or loss. 2. Licensed Registration - Some companies are not registered under the federal or state government to carry out such task, so it’s advisable not to award such shipment to these companies. 3. Accountability - Companies who can’t be accounted for are not to be trusted or believe. We at BOWAGATE GLOBAL are Accountable,Insurance covered and a Licensed brokerage company who you can trust with your shipment delivery anyday anytime. We are Logistics Redefined…
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I would love to connect with you to discuss the many ways Rimkus Human Factors consultants can help with your cases. Reach out, connect, and learn more! #experts
Human Factors is the study of the capabilities and limitations of people and how these shape the ways in which people make decisions involving products, processes, and environments. Rimkus #HumanFactors experts have a deep knowledge of human behavior and why individuals sometimes engage in less-than-safe activities. Our evaluations are grounded in scientific studies of human behavior and response in a variety of situations involving injury accidents, product liability, premises liability, and related matters. Learn more about our #ForensicHumanFactors services: https://lnkd.in/dUBeXcnH
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Founder @ Commerce Law Partners | Asset Protection/ Risk Management/ Compliance Legal Consultant | Trial Attorney
⚠Once a business hits a certain size, all sorts of people come out of the woodwork looking to take a piece of what you've built. It could be a disgruntled employee... a customer who feels cheated... a vendor looking to slip one past you. The threats to sue are neverending. For the ambitious business owner, dealing with issues like these sucks the enthusiasm right out of you. To add insult to injury, you have all the regulatory compliance issues to deal with. Insurance. Litigation. Contracting. All this "stuff", when all you really want to do is focus on building your business, right? If you're suffering from challenges like these, feel free to reach out. There's a way I may be able to take the target off your back. Jonathan --- #businessowner #truckingindustry #litigation #insurance #contracting #logistics #supplychain #lawsuits #ai #riskmanagement
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The European Parliament's proposed revisions to the Product Liability Directive are raising critical questions about how they could impact innovation. Innovation is the engine of progress, and it's essential to understand how the revisions to the Directive could hamper the development of new products and services. Here are some potential implications for businesses. 📈🤔 What are your thoughts on these proposed revisions? 🗨️ Read the full article here: https://bit.ly/403xYrc
European Parliament Revisions to Product Liability Directive Will Hinder Innovation - ILR
https://instituteforlegalreform.com
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✪ HRDCorp Trainer ★ Certified NLP (ABNLP) ★ Certified Timeline Therapy (TLT) ★ Certified Coach ★ Sales Trainer ★ Ex Sales Manager with Obsnap Calibration
When Shipping Goes Wrong: Handling Damaged Equipment and Protecting Your Business As a self employed with a partner calibration lab, I recently encountered a #challenging situation. A client's valuable equipment arrived damaged, despite being in working order before shipping. This experience highlighted the importance of proactive measures and careful #negotiation when things don't go according to plan. Here are my key-takeaway from this situation : Documentation is Crucial: Before any equipment leaves your client's hands, request photos or videos demonstrating functionality. Similarly, meticulously document the condition of any items you receive, especially high-value ones. Insurance is Your Safety Net: Explore insurance options for both you and your clients. This can cover damage in transit, providing peace of mind. Choose Couriers Wisely: Investigate courier reputations. Ask about their damage protocols and any included insurance coverage. A more expensive service might save you money in the long run. Communication is Key: If damage occurs, contact your client immediately. Transparency and a solution-focused attitude will go a long way in preserving the relationship. Negotiation Tactics : Seek Shared Responsibility: Consider if splitting repair/replacement costs is fair, especially if it's unclear where the damage originated. Have you faced similar #challenges? Share your #experiences and the preventative measures you've implemented to protect your business and how you have negotiated it with your client ! Thayanandan Samiappan Kandiar
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It is worth noting that many companies may exhibit apprehension when considering collaboration with brokers. Nonetheless, there exists a multitude of advantages associated with incorporating brokers into your transportation vendor list, as opposed to relying solely on carriers. These benefits are as follows: 1. Dual Insurance Coverage: Brokers offer a dual layer of insurance coverage, encompassing both their own coverage and that of the carriers they work with, thereby ensuring enhanced protection for your cargo. 2. Wider Geographic Reach: Brokers operate on a national scale, catering to transportation needs in all states, and boast a more extensive network of associated carriers compared to companies that exclusively engage direct carrier services. 3. Extensive Supply Chain Networks: Brokers possess well-established networks and extensive connections within the supply chain, facilitating smoother and more efficient transportation operations. 4. Contingency Planning: In the event that a carrier encounters unforeseen issues and is unable to fulfill a commitment at the last minute, brokers typically have a roster of alternative carriers at their disposal, ensuring minimal disruptions to your logistics. 5. Instant Credit Limits: Brokers are often capable of providing instant credit limits, streamlining the financial aspects of your transportation arrangements. 6. Comprehensive Service: When dealing with a customer requiring services for multiple locations, such as drayage or truckload shipments, brokers offer the convenience of a one-stop solution, simplifying the coordination of diverse transportation needs. 7. Rate Flexibility: Brokers have the capacity to work with owner-operators and various carriers, allowing them to tailor transportation solutions to match your target rates effectively. This flexibility enhances cost-efficiency and ensures that your budgetary goals are met. Please reach out to me at [email protected]
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Your business has two sides. Why not focus on the one you’re best at? If your business involves chemicals, have you considered outsourcing a key side of that business… namely, the manufacturing of those chemicals? Let's put it another way. To make your business more profitable, it makes sense to let someone else do the ‘making’. Why? Because, when you outsource your manufacturing, you can anticipate a wide mix of benefits to your business. Such as? > Ready access to specialist expertise > Cost savings > Increased flexibility > Reduced risk It also means that you’re better placed to focus on what you do best. At Spanjer our clients often excel in one side of the business - typically sales & distribution. But manufacturing? Less so. And when they pass that aspect of their business to us, they see a rise in profits - and a noticeable decrease in business headaches. That’s why so many of our clients stick with us. Year after year. (You can hear why, in their words, in the full version of this post here: rebrand.ly/ivcn5qh.) So what manufacturing challenge are you wrestling with? Increased insurance costs? Compliance headaches? Or something else altogether? To see how Spanjer can be - not just a supplier - but also a partner in your business’s success, get in touch today.
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🚀 Ready to elevate your business strategy and stay ahead in today's competitive market? Join us in exploring 'Cancel for Any Reason' #CFAR programs in our latest ASK THE EXPERT blog with our very own George Redenbaugh.💼💡 Don't miss out! 🙌 #Insurtech #TintAI #Innovation #Growth #CustomerExperience #EmbeddedProtection #CancelForAnyReason #Expert https://hubs.ly/Q023RKpp0
ASK AN EXPERT: Customer Trust & Why Your Business Needs a CFAR Program
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