Hazmat insurance

Jun 12, 2020 at 08:33 PM CST + 1
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. Any recommendations for an affordable company for hazmat insurance for a small company.

Replied on Fri, Jul 03, 2020 at 08:33 AM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. Great Western gave our small operation the best deal. Don't know where you are but their customer service at the main HQ can give you the contact info. Great Western was about 30% lower than the next lowest carrier. The extra $4mil balloon is gonna eat you lunch

Replied on Sun, Jul 05, 2020 at 08:17 AM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. Why is the insurance in hauling liquid bulk in a tanker such a deterrent for most O/O I know most O/O I've spoken to have said it's cost but doesn't/wouldn't cutting the middle men out result in a fair revenue stream or am I just super gullible to rates paid. Thanks to anyone who may be able to give some more perspective.

Replied on Sun, Jul 05, 2020 at 03:40 PM CST + 1
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. Quote: "Why is the insurance in hauling liquid bulk in a tanker such a deterrent for most O/O I know most O/O I've spoken to have said it's cost but doesn't/wouldn't cutting the middle men out result in a fair revenue stream or am I just super gullible to rates paid. Thanks to anyone who may be able to give some more perspective. " The hindrance is mainly the cost of insurance but the assorted added tanker expenses add up too. You'll never cut out the middle man. Hazmat shippers seldom use small carriers. They will however use brokers. When brokers get involved the rates drop through the bottom. Case in point. For years we had a $5.50 per mile contract with a major chem company. When the contract came up several brokers moved in. The brokers got it now and pay the truck $2.30 to $2.70 per mile on that same loads and have no trouble at all covering them.

Replied on Sun, Jul 05, 2020 at 03:40 PM CST

+ 1

Posted by a private BulkLoads.com member.

Quote: "Why is the insurance in hauling liquid bulk in a tanker such a deterrent for most O/O I know most O/O I've spoken to have said it's cost but doesn't/wouldn't cutting the middle men out result in a fair revenue stream or am I just super gullible to rates paid. Thanks to anyone who may be able to give some more perspective. "

The hindrance is mainly the cost of insurance but the assorted added tanker expenses add up too.

You'll never cut out the middle man. Hazmat shippers seldom use small carriers. They will however use brokers. When brokers get involved the rates drop through the bottom.

Case in point. For years we had a $5.50 per mile contract with a major chem company. When the contract came up several brokers moved in. The brokers got it now and pay the truck $2.30 to $2.70 per mile on that same loads and have no trouble at all covering them.