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Question on ins.

Discussion in 'Freight Broker Forum' started by J.S., Apr 6, 2017.

  1. Apr 6, 2017 #1
    J.S.

    J.S. Medium Load Member

    442
    196
    Jun 27, 2015
    Texas
    0
    whats up all/any. Can someone explain the additionally insured policy, specifically how it protects a shipper in the event of claims? Thanks in advance!
     
    J.S., Apr 6, 2017
    J.S., Apr 6, 2017
    #1
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  3. Apr 7, 2017 #2
    RET423

    RET423 Medium Load Member

    432
    534
    Apr 6, 2017
    Kalifornia
    0
    Additional insured means that your insurance company will notify another company specifically by name in writing of the status of your insurance policy.

    It is how your customers know that you are insured, some States require brokers to have the "Additional Insured" notice on file for every truck they hire.

    Customers know that their product is insured while in transit and Brokers can know the same by being on the list of who your insurance company sends an "Additional Insured" notice to.
     
    RET423, Apr 7, 2017
    RET423, Apr 7, 2017
    #2
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