TransCore announced the opening of its CarrierWatch Insurance Monitoring Center to help truckload freight brokers, 3PLs and shippers quickly and safely bring onboard new carriers and monitor those they use on a regular basis. The center also works with insurance agents to investigate certificate of insurance data regarding general liability, auto (truck) liability, worker’s compensation and contingency cargo requirements.
The center – which also will provide resources to help freight intermediaries and carriers navigate increasingly complex insurance requirements – is headed by Kathi Marth, who has 30 years of experience in the insurance industry, including a decade of transportation insurance management.
“Insurance matters have become a bit like legal matters – they’re increasingly specialized, and trucking insurance is no exception when you consider the potential magnitude of the claims,” sats David Schrader, TransCore senior vice president. “The CarrierWatch Insurance Monitoring Center, part of our customer service organization, is a cornerstone of our business, along with the DAT Network of load boards and the spot market truckload rate index.”
Initial services include procuring and monitoring carriers’ insurance certificates, including those carriers who are not part of TransCore’s DAT Network of load boards. CarrierWatch also monitors carriers’ authority and Compliance Safety Accountability scores, and maintains a database housing millions of carrier records, which helps identify and protect against “chameleon” carriers and others who engage in fraudulent business practices.