Your risk increases substantially as you add-on carriers. Risk can vary from something mild like a slight logistic setback to a costly financial mistake. As a result, it is important to reduce transportation risk as much as possible by following strategic freight brokering tips in this industry. One of the simplest ways to do this is by choosing the right broker. Here are a few freight broker tips that you can use to help you make your next broker selection.
Make Sure Your Broker has Contingent Cargo Insurance
Even though brokers do not physically touch or handle any freight, cargo insurance is beneficial to help cover any loss or damages. Cargo liability allows shippers to file a claim with their broker to recoup the cost of the lost cargo.
Make Sure Your Broker Has Access to Several Modes of Transportation
As a shipper, it is ultimately up to you to make sure that your cargo gets to the destination on time. Relying on one mode of transportation can compromise this. There are always delays, setbacks, and unforeseen circumstances, look for a broker that has access to several modes of transportation in order to circumvent any transportation risks.
Consider Excess Cargo Insurance
Truckers sometimes have policy limits that do not cover the entire cost of the shipment. Excess cargo insurance is usually provided by the shipper or broker in order to cover the rest of the shipment. If you are able to find a broker who has this coverage, then this ensures that you are covered in case of damage or theft.
Finding a skilled and experienced broker is important to reduce transportation risk. If you have any questions about choosing a freight broker or any other freight broker tips, then contact us.