Shipping involves moving freight that's valuable to at least someone - and oftentimes many someones. In other words, if something happens to it, shippers, brokers and carriers need to know they're covered. That's where our guest on this episode of The Intermodal Logistics Podcast, as Reliance Partners EVP of International Logistics Mark Vickers joins us to talk insuring freight.
Mark explains what goes into freight insurance, the difference between general, annual policies and over the top insurance for specific situations - and why agility with that extra coverage should be part of every freight provider's strategy. Plus, he goes over borderless coverage, a product he put together in response to inadequacies in cross-border insurance, particularly when cargo was in Mexico. Along those lines, we also discuss President Trump's tariff plans and what those may mean to trade with Mexico, Canada and beyond.
Back in the insurance arena, Mark tells us why shippers may be ok paying a little more for a shipment knowing their freight is protected by a reliable provider. And we talk about how inflation is causing freight brokers and carriers to adjust coverage levels as products become more costly to replace - with inflation also impacting which goods tend to get targeted by thieves.
Learn more about Reliance Partners at reliancepartners.com and look up Mark on LinkedIn. Plus, find out about the upcoming 8th Annual Modernization of Cross Border Trade event in Texas.
Get this episode on YouTube, where you can also check out our playlist for our 54 previous episodes on The Intermodal Logistics Channel. You can also listen right here using the player below, or find it on Apple, Spotify, or whatever your favorite podcasting platform may be.
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