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Volume 2 – Number 6 – June 2020
FUELING UP

It’s time to focus on the “big picture” as you prioritize the budget-drivers behind your business recovery. A small investment in carefully selected transportation insurance products can help increase your business opportunities. And that will in turn work to increase your revenues. Some things to think about as you map out a plan that will take you through the current disruption include:

  • Shipper’s Interest, which can be an effective way to cover high-value cargo, protect key shipper relationships and provide insurance at the time it is needed without facing costs in advance;
  • Contingent Cargo means “peace of mind” and it is frequently required under many shipper agreements;
  • AutoGeneral, and Umbrella/Excess Liability may also arise in the insurance requirements of certain shippers.
When a shipper provides you with their insurance requirements, be aware of three additional coverage requirements. Often called endorsements, these coverage requirements need to be addressed so that we can get you set up correctly from the start. The requests you should clarify with the shipper may include:
  • Additional Insured (AI) – This typically applies to liability coverage. Based on the coverage, specific terms may be required by the requesting party;
  • Waiver of Subrogation (WOS) – In the case that a claim is paid under the policy, this endorsement is intended to prevent the recovery of money from the party named on this form;
  • Primary and Non-Contributory (PNC) – This is intended to make the policy pay before other policies without seeking contributions from the other policies that could be noted as primary (non-contributory).
Call our Insurance Department today at 800-595-2615 or email Agency@PFAprotects.com to get connected with one of our Commercial Insurance Advisors. We can help you navigate these topics during these challenging times. Our bottom line: Setting you up with the coverage you need and provide you with a Certificate of Insurance that can help you secure contracts and give you a solid foundation. We are here to help your business grow! 
ROADMAP TO SUCCESS

June looks like the beginning of trucking’s path to recovery. As things pick up and the highways get busier with summer travel, cargo theft becomes a growing concern. We recommend you do your due diligence around your Motor Carrier’s cargo coverage and consider having your own Contingent Cargo Insurance policy and/or Shipper’s Interest policy. Call or email us today for a no obligation quote. 

A HELPFUL PIT STOP
The Federal Motor Carrier Safety Administration (FMCSA) issued its long-awaited final rule on changes to driver hours-of-service (HOS) regulations with four key provisions designed to increase driver flexibility and generate $274 million in cost savings for the U.S. economy. The FMCSA’s final rule generated over 8,000 comments while it was being considered as a preliminary proposal and an official Notice of Proposed Rulemaking (NPRM). The final rule makes the following changes to the existing HOS rules: (read more)
YOUR EXPERT NAVIGATORS
Have you taken some time to think about your cyber security? Working from home can change the dynamics around this. Don’t be caught off-guard, PFA can help! Not only are we committed to providing you with the right cyber insurance coverage, we want you to have access to very helpful information from our partners at NXTsoft. 
INFORMING YOUR JOURNEY

Keep yourself informed on what’s going on in the marketplace in these changing times from reliable sources such as Freightwaves.

ENSURING YOUR SUCCESS

If you are modifying your business model and are facing new bonding requirements, PFA can take care of anything and everything you need. Some bonds that may come up include DoD bonds for the federal government, California’s Broker of Construction Trucking Services bond and the Superheavy bond in Texas. Don’t miss out on opportunities that may be available to you with the right bonds in place.

LIVING IN THE FAST LANE:  OUR TRANSPORTATION FAMILY
We work hard to be involved and engaged in the transportation industry in every way we can, helping to build our community of Freight Brokers, Freight Forwarders, Motor Carriers and other logistics industry leaders at every turn. And when it comes to Auto Haulers, we find Auto Transport Intel to be an invaluable source of information-sharing and perspectives that matter to American transportation. Our own Richard Bren, Vice President of Insurance, is on tap with Jay W. this coming Tuesday, June 2nd. Check it out at 6 pm PT. For more information, visit www.autotransportintel.com.
COMING UP
In this period of unprecedented disruption and impact on supply chains in every segment, do you want to get an idea of what the months ahead will look like for the food and beverage industry, including grocery store demand? Check out - The Produce Peak: Navigating Disruption in the Food and Beverage Supply Chain, a free webinar presented by Freightwaves –  Thursday, June 4, 2020 11:00 am PT/2:00 pm ET. Register here.
 
Iowa 80 Truckstop, Walcott Truckers Jamboree, I-80 Exit 284, – July 9-11, Walcott, Iowa (iowa80truckstop.com
 
CVSA Operation Safe Driver Week – July 12-18 (CVSA.org
 
The American Trucking Associations Litigation Center Virtual Trucking Legal Forum, – July 20-24 (trucking.org)
REACHING YOUR DESTINATION
Any questions as to how we can help you get What You Need. When You Need It? Email us at webinfo@PFAprotects.com  or call us today at 800-595-2615.
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