How To Minimize Broker's Liability through Carrier Risk Management - Qualification and Monitoring

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Visit website: http://www.saferwatch.com/logistics-news - Free Content Sharing Platform, Specialized for Transportation and Logistics Professionals Visit sponsor: http://www.saferwatch.com/index.php?promoCode=SWYT_01&trial;=show Facebook: http://www.facebook.com/saferwatch Twitter: http://www.twitter.com/saferwatch Event: Google+ Hangouts On Air (Live Broadcast) Recorded on December 11, 2014 Discussion about Covering Motor Carrier Risk Management • Freight Broker Liability Mitigation • Carrier Compliance • Carrier Qualification & Monitoring • Certificates of Insurance • CSA Score Discussion Transcript Hello everyone, my name is Dan Kochkovski and I will be your host today. I would like to welcome you to our Round Table discussion group, where we will be taking a closer look at the matters of: • Carrier Risk Management • Liability Mitigation, and… • The Overall Importance of utilizing Carrier Compliance Solutions But first, let me take a moment to introduce all our viewers. The first participant joining us today is Mark Draeb the president of SaferWatch™, a Motor Carrier Qualification and Monitoring Solution. Jay Pelkey, Certificate of Insurance Expert, Partner at SaferWatch™ Assure. We have Ben Armistead, Partner at Greenwich Transportation Underwriters – GTU for short. Then we have Chris Burroughs, Senior Government Affairs Manager at the Transportation Intermediary Association – TIA for short. Michael McKinney, President of A.M. Transport Services, Inc. Kevin Pasternack, National Sales Manager at Prophesy, a HighJump Product, and Lance Roberts, Vice President at RMX Global Logistics 01:20 Dan: Once again, welcome everyone! Now, I would like to give each one of you a moment to introduce the core competency of your respective organizations, to our viewers. Let’s go in the same introduction order and start with Mark… Mark take it away. Mark: Thank you Dan. SaferWatch is a carrier qualification and monitoring platform which helps brokers and shippers reduces liability through better risk management practices. It helps them qualify and onboard new and monitor existing carriers in a streamlined manner. It provides proactive fraud analysis with fully customizable risk indicators. The fresh data that SaferWatch provides helps brokers identify chameleon carriers, mitigate liability, and make educated risk management decision. Dan: Thank you Mark. Jay. Jay: Thanks Dan, the SaferWatch Assure service provides freight brokers, 3PL shippers etc. with a motor carrier certificate of insurance or a commonly known as a COI data and image services. SaferWatch Assure is by far the industry’s most efficient COI service provider. Our service provides companies with mitigation of risk their exposure, streamlines their carrier on-boarding process, and efficiently monitors their existing carriers insurance certificates, and in fact, most of the time, customers who utilize the SaferWatch Assure receive lower rates on their contingent cargo or yearly E & O policy premiums. Dan: Thank you Jay. Ben Ben: Thank you, Dan. GTU serves as the largest underwriter and transportation and logistics insurance in the United States. We are the largest logistics center underwriters specializing in A rated coverages and specialty coverages for primarily truck brokers, who are known as innovators in the industry and we’ve got great partners who work with us to make sure that our insurance product is the best it can be in the marketplace. Thank you. Dan: Thank you Ben. Chris Chris: Thanks Dan. As Dan mentioned I’m with the Transportation Intermediary Associate, TIA. We are the professional organization for the 3PL and freight forwarding industry. We represent 1400 member companies. I’m on the government affairs side, so obviously advocating on Capitol Hill on legislative issues and regulatory issues with the Federal agencies. We also provide memberships with valuable educational tools, etc. So, looking forward to the conversation today. Thanks, Dan. Dan: Thanks Chris. Mike Mike: Thanks Dan. I’m with AM Transport Services, we are a third party logistics provider, located in Olney, Ill. We’ve been in business going on 25 years. In our portfolio of services we offer truckload, LTL, intermodal and some technology services as well. The largest part of our business is on the truck load side. We do go about it in a fashion where we really focus on the carrier sales side of the things. We learn their needs through needs analysis and then take that known capacity and turn over to our sales team and then approach customers with known capacity, so today’s topic is good for us as well. Dan: Thanks Mike. Kevin... ... READ FULL DISCUSSION TRANSCRIPT HERE: http://www.saferwatch.com/logistics-news/carrier-qialification-monitoring/