Redondo Beach, CA (PRWEB) April 12, 2010
Global Solutions Insurance Services, a leading premium service domestic and international trade insurance company, announces the addition of Broker Shield freight insurance to their wide inventory of products. This customized program supplies an added layer of coverage that addresses the individual freight broker's unique client base and the exposures involved therein.
Broker Shield enables Global Solutions Insurance Services to provide value added services to domestic freight brokers and their shippers, distinguishing this company from others in the marketplace. "Managing the exposures facing domestic freight brokerage operations requires more than simply putting certain policies in place; many other actions are required to address exposures," said Glenn Stebbings founder, President and CEO of GSIS.
To that end, GSIS delivers Risk Management Consulting Services, drawing upon their 35 years of collective experience representing international and domestic logistics operations. "We offer Risk Management Audits to new clients where all authorities they have in place are considered along with the services they offer and the key customers they represent," added Stebbings. "This helps to define the unique exposures facing logistics operations. We provide feedback on risk management regarding amendments in broker carrier agreements, changes in the vetting process of truckers, training of staff and putting the right type of coverage to put in place."
The implementation of Broker Shield supports members in critical areas. Global Solutions Insurance Services with right coverage in place clients can be fully protected with issues regarding cargo claims, which arise in the event a trucker's motor truck cargo policy doesn't respond to a claim; auto liability claims relating to third parties being injured or killed, or property damage caused by truckers; and general third party liability claims, resulting from third parties being injured or killed, or property damage as a result of your business.
Without the addition of Broker Shield freight shipping insurance, the legal cost to defend a client's company, depending on the claim, can be substantial and could potentially bankrupt it. This program eliminates the worry associated with major claims.
"With protection for the freight broker, shipper and trucker, your company will gain trust and attract more business," added Stebbings. "Recent court cases, including the $23 million judgment against CH Robinson, have prompted major shippers to require these types of policies to be in place for domestic freight brokers in order to qualify to handle their freight."
About Global Solutions Insurance Services
Global Solutions Insurance Services offers premium supplemental domestic and international broad form contingent cargo liability insurance policies to protect a company's most important asset - their freight. Their comprehensive services protect shippers from damage or loss of cargo while in transit. Although carriers are required to carry insurance for such losses, their liability is often limited and may not cover the entire loss. For many shipping companies, the loss of just one shipment can be a huge financial setback. Global Solutions Insurance Services covers losses that involve theft, breakage, water damage, non-delivery, and pilferage with policies that are affordable and based on the type of goods shipped, shipping destination and merchandise value. They are dedicated to a unique approach to business, focusing on excellence and customer satisfaction. For more information, visit http://www.GSIS.com.