Alternate Routes: The Pandemic, the Global Supply Chain, and Transportation Insurance

Overview

Agents and brokers dealing with transportation clients should have a solid grasp on the pandemic induced developments impacting the transportation industry. The COVID-19 pandemic changed purchasing habits globally, spiking demand for new “essentials” which, combined with quarantined workers, created transportation’s perfect storm.

Pandemic-induced developments in the transportation industry included:

• Low inventory                            • In-demand drivers

• Congested ports                        • Rising freight costs

• COVID-infected workers

The impact of these development on freight patterns and goods hauled illustrates how the needs of your truck carriers can change. It’s vital to be proactive with your transportation clients, as what a trucking carrier is hauling today may differ tomorrow, and coverages and limits need to be in sync with the goods the insured hauls.

Download this whitepaper to better serve your transportation clients.