News & Insights

Increasingly more of your customers are asking – or insisting – that you sign a hold-harmless agreement in order to maintain a business relationship. While it might be necessary in order to get or keep a client, be aware that you assume someone else’s liability when you sign. Don’t be mistaken, this has an impact on your business. A Sample Hold Harmless Agreement: To the fullest extent permitted by law, the vendor agrees to defend, indemnify, and hold harmless the entity, its elected and appointed officials, employees and volunteers and others working on behalf of the entity against any and […]

June 25, 2015

Various representatives from the surety and customs broker community held a conference call with U.S. Customs and Border Protection on June 5, 2015, to discuss ongoing matters related to ISF. On that call we learned that CBP has delayed the planned May 14 implementation of full enforcement and continues to operate under the “three strikes” procedures. CBP headquarters staff continues to review the “full enforcement” procedures and CBP will formally announce when this phase begins by issuing a CSMS notice. Should you have any questions on the above, we invite you to contact your Roanoke Trade Bond Representative, call us […]

June 22, 2015

Marine Cargo Insurance is a staple to the transport of goods both domestic and international, and transportation intermediaries and logistics service providers are in an ideal position to offer quality Cargo Insurance, sometimes referred to as Shippers Interest, to protect their clients’ financial interests. No matter how robust a shipper’s loss-prevention strategy may be, it is reported that 30% of all freight damage in transit is unavoidable, and most losses occur on the way to or from the ports. Furthermore, the FBI estimates that up to $30 billion in cargo theft occurs every year, and the majority of cargo theft […]

June 19, 2015

As an intermediary, forwarders and brokers face liability from all sides. Changes in how carriers and shippers do business are creating new exposures, including ones that you may not have considered. This webinar, presented by Rick Bridges, Vice President of Roanoke Trade, will discuss the areas in which carriers, shippers and third parties are creating new exposures and the steps you can take to proactively protect your company. This essential webinar has been approved for 1 CCS/CES credit. This webinar will take place on Tuesday, June 23rd from 1:00PM – 2:00PM ET. Cost is $50 for members, $75 for non-members.   […]

June 18, 2015

The beauty of customizable cargo insurance is in its comprehensive applicability to very specialized shipping needs, but under that beautiful face lies a web of wrinkles that could represent hidden exposures to uninsured losses. Three issues that should be at the top of your list when placing a cargo insurance policy are the insolvency exclusion, warehouse-to-warehouse/duration and improper packing. Can all of the important details be top of mind for a single risk manager or insurance agent? Probably not. That’s why it’s crucial to include your entire management team in the insurance policy placement process. You need to understand and […]

June 12, 2015

Roanoke’s own Glenn Patton, Regional Vice President – Los Angeles, will be speaking at the BAFT 2015 West Coast Global Trade Finance Workshop in an important presentation titled “Cargo Insurance: Insurance Policies and Surety Bonds in International Trade”. Glenn’s session will cover an overview of cargo insurance, liability insurance for the carrier and customs, forwarder and carrier bonds. The workshop will be held from July 30-31, 2015 at the Wells Fargo in Los Angeles.

June 02, 2015