Formal aspects of OCP – Purchasing an OCP policy is a serious decision, but it is definitely worth buying insurance. There are good reasons for this, including convenience and security in the event of a problem with the delivery of goods to the customer.
We achieve comfort in the fact that when buying a policy, we can worry less about possible losses due to accidents, because their costs will be borne by the insurer, not the carrier or the client. Also, the holder of the carrier’s OCP is considered more professional and customer-friendly.
How to go through the appropriate policy purchase procedures?
First, you need to familiarize yourself with the plans of various insurance companies, as they constantly update their offers and try to beat the competition with the attractiveness of their partner plans. You should never trust your security and payment to the first insurance agent you come across.
After you’ve made an initial selection of companies that we think are reasonable, it’s worth setting up an interview to see if our potential insurance company actually seems honest and helpful. If so, you can proceed to the next step.
It will provide in-depth interviews on the types of shipping activities, revenues and losses, and other important aspects. All of this needs to be combined into a single contract that takes into account these factors as well as various others. Each individual contract should include aspects affecting the OCP price of the carrier.
The cost of the policy includes, for example, the company’s annual revenue, the type of cargo transported, the condition of the vehicle and the driver’s experience. In addition, of course, there is the guaranteed amount, i.e. the amount that the insurance company will pay in the event of damage to the carrier or his client. Of course, as always in various individually composed contracts, you can try to negotiate the price of the policy. Sometimes it even has a positive effect.
Company liability insurance
While drivers and freight forwarders follow safety rules, OCP policies protect against the unfortunate consequences of theft or damage to cargo as a result of acts of vandalism. However, this is not the only situation in which compensation is paid.
Phenomena that hinder or delay the flow of goods also include accidents and obstacles on the road. Roads are dangerous places where many different people meet and face countless situations – often unpleasant.
OCP is the recommendation for such things. A pleasant journey is a journey without complications, but these do happen from time to time, so it is very stressful for drivers and shippers. This reduces their effectiveness and increases the level of distraction, which can easily lead to unpleasant oversights.
If the driver feels this amazing psychological comfort, then even if complications arise, he will not be financially responsible for them, because he is covered by insurance, and he will certainly be more focused on his duties, because he does not have to think about it under pressure.
You should also pay attention to whether the insurer agrees to be liable for the carriage of dangerous goods. Liability can usually be avoided in this regard, you need to make sure that the contract really and accurately defines the full range of goods that the carrier wants to cover.
The price of the carrier’s OCP policy also depends on the presence of such dangerous materials as, for example, explosives.
As for other interesting aspects of this political alliance, there is much to explore and explain. In a protocol that seems advantageous at first glance, there may be catches that remove this advantage. For example, insurers may require drivers to park only in secure parking lots to minimize the possibility of vehicle theft.
Knowing the realities of a trucker’s life, it can be difficult because you have to stop at a certain time, no matter where that time finds you.
Sometimes insurance companies also reserve policies only for shipments carried by the latest vehicles because they guarantee maximum security. The policy may prove useless when the carrier has only one new vehicle in its entire fleet of 50 vehicles. Some contracts even provide for the possibility of illegal immigrants entering the semi-trailer of the truck and damaging the cargo.
In fact, the operator’s OCP contract is a very delicate and precise creation. You have to read it cover to cover many times, almost by heart, so as not to get yourself into a situation you will later regret.
Asking additional questions to people with whom we conclude contracts also requires insight into the content of the contract. As a result, the whole process is likely to end to the satisfaction of both parties, and the stress of the possibility of a costly accident shifts from the carrier to the insurer. Customer satisfaction is the most important.