Insurance Insights with Circle Logistics

Good Friday morning, everybody! Welcome to today's FreightWaves Now community spotlight. I'm Kaylee Nix. It's Friday, so we get to check in with the one and only Mary O'Connell. Today, we dive into the often overlooked but crucial topic of carrier insurance with the folks from Circle Logistics.
In This Episode:

00:00 - 00:13 Introduction: Kaylee Nix welcomes viewers and introduces Mary O'Connell.

00:13 - 00:33 Carrier Insurance: Exploring why carrier insurance is essential and how it impacts the logistics industry.

00:33 - 00:56 Episode Background: Mary shares her experience and the importance of understanding carrier insurance from her broker days.

00:56 - 01:18 Insurance Coverage: Discussing the significance of having the right amount of coverage and the risks of underinsured loads.

01:18 - 01:43 Cold Chain Concerns: The heightened importance of insurance in temperature-controlled logistics.

01:43 - 02:21 Finding the Right Carrier: Tips on selecting carriers with proper insurance coverage and avoiding potential risks.

02:21 - 02:45 Carrier Vetting: The process of vetting carriers and ensuring their insurance legitimacy.

02:45 - 03:08 Insurance Minimums: Understanding state and federal insurance minimums and their implications.

03:08 - 03:28 High-Value Loads: The challenges of insuring high-value shipments like farm equipment.

03:28 - 03:49 Importance of Insurance: Why even temporary extra coverage can be crucial.

03:49 - 04:23 Coverage Specifics: Ensuring specific commodities, especially in cold chain, are covered under the carrier's insurance policy.

04:23 - 04:54 Insurance Fraud: Navigating the risks of insurance fraud and verifying carrier insurance authenticity.

04:54 - 06:32 Verification Process: Practical tips for verifying carrier insurance to prevent fraud and ensure coverage.

06:32 - 07:59 Cross-Border Insurance: The complexities of insurance for cross-border transportation, especially with Mexico.

07:59 - 09:15 Upcoming Events: Mary previews her participation in the Future of Supply Chain event in Atlanta, Georgia.

09:15 - 09:58 Event Highlights: What to expect at the Future of Supply Chain event and how to join.

09:58 - 10:23 Closing Remarks: Kaylee and Mary wrap up and encourage viewers to join them in Atlanta.


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