The Challenge
GB Group LLC faced a daunting challenge when our insured’s truck was involved in an accident that totaled another truck’s trailer, which was carrying a high-value, one-of-a-kind cargo. The potential liability was staggering, with the cargo being valued at $500,000. The claim required an expeditious and strategic response to salvage as much of the cargo as possible and minimize the financial impact.
Our Approach
Our team sprang into action, recognizing that time was of the essence. By fostering collaboration with the transportation broker, shipper, towing company, storage facility, and auction house, our adjusters orchestrated a rapid response to assess the damage and identify salvageable portions of the cargo.
Our adjusters’ decisive actions and adept coordination between multiple stakeholders ensured that all possible steps were taken to protect the cargo and mitigate the loss.
The Breakthrough
Through nimble and decisive action, the team managed to salvage a significant portion of the load. The salvaged cargo was then resold through an auction house.
This carefully coordinated effort not only salvaged valuable cargo but also maintained a transparent and communicative approach with all parties involved. This ensured that actions were taken promptly and efficiently.
The Result
What initially loomed as a $500,000 cargo claim, was astoundingly reduced to a net incurred loss of under $100,000. GB Group LLC’s swift and decisive approach played a pivotal role in minimizing the loss.
Additionally, our adept handling of this complex claim earned us accolades and respect from a leading transportation broker, further solidifying our reputation for excellence in claims management.
GB Group LLC’s commitment to rapid response, strategic coordination, and diligent claims handling ensures that we are always prepared to go the extra mile to protect our clients’ interests and minimize losses.