What Are the Key Differences Between Heffernan Insurance Brokers and Travelers Cargo and Transit Insurance?
Compare Freight-Forwarder and Inland Cargo
Heffernan’s cargo program targets freight forwarders and includes a claims division that can adjust, settle and issue payments. Travelers offers inland cargo as Cargo Pak or Cargo and Logistics Pak. For a forwarder, Heffernan describes a dedicated program and claims route; Travelers sells its own inland-marine products. [3] [7]
Forwarder Liability Bundles Versus Owned-Goods Transit
Heffernan’s cargo list includes marine cargo legal liability, E&O, surety bonds and special projects; transportation adds motor truck cargo and brokerage liability and contingent cargo. Travelers’ transportation policy covers a business’s property on its own vehicles or a public or contract motor, rail or air carrier, and says it will keep operations going while a carrier’s legal liability is determined. Travelers markets manufacturers and distributors separately from motor carriers, forwarders and warehousemen. [3] [4] [7]
Portal and Safety Tools Versus Inland Marine Network
Heffernan existing cargo clients use a portal for declarations and claims; transportation clients are offered fleet safety, benchmarking, medical triage and DOT compliance. Travelers describes an Inland Marine Network, more than 600 Risk Control consultants and a Special Investigations Group that pursues recovery. New Heffernan buyers request a quote or consultation; Travelers cargo is bought through an independent agent. Neither publishes limits. [3] [4] [7]
What Should You Confirm in Heffernan Insurance Brokers and Travelers Cargo and Transit Insurance Quotes?
- Ask Heffernan which carrier sits behind the program and who has authority to pay a claim. [3]
- Ask Travelers whether the form is transportation for owned goods or Cargo Pak for a carrier or warehouse. [7]
- Confirm how each treats another carrier’s legal liability during investigation. [7] [3]
- Get written limits from both. [3] [7]