(Lafayette, La.) — Apex Freight Services, a Lafayette-based, third party logistics provider, now offers its customers industry-leading liability protection. The “Apex Umbrella” provides contingent auto, general liability and excess coverage of up to $26 million.
As a result of several high profile judicial decisions affecting the shipping industry, third party logistics providers and shippers face increasing liability risk. In order to protect both the company and its customers, Apex has committed itself to one of the industry’s largest insurance umbrellas. As part of that umbrella, Apex also provides itself and customers with contingent cargo coverage of $250,000 per load as well as errors and omission coverage of up to $6 million. As a result of this increased coverage, a large, risk-averse food producer recently contracted with Apex to manage all of its shipping.
“Given the increased risk to shippers and third-party logistics providers, Apex has introduced one of the largest insurance umbrellas in the industry,” said Apex President and CEO, Tracy Pellerin. “We’re proud to give our customers peace of mind and balance sheet protection.”
APEX Freight Services is a full-service, third party logistics provider specializing in the development of creative solutions for the industry’s most difficult freight challenges. APEX has more than 30 employees and is headquartered in Lafayette, LA. For more information, visit www.apexfrt.com