Workflow Templates: Carrier Risk Management Checklist

Verify carrier's authority to ensure they are legally permitted to operate.

Check carrier's safety rating and safety history through the Department of Transportation (DOT) records.

Review insurance certificates and ensure they meet the minimum required coverage amounts.

Conduct periodic reviews of carriers’ safety scores and compliance status.

Monitor carrier performance metrics such as on-time delivery rates and cargo claims history.

Update carrier insurance information regularly to confirm coverage is current and sufficient.

Ensure all agreements with carriers are formalized in written contracts.

Review and incorporate carrier liability and indemnification clauses.

Stay informed about industry regulations and ensure all contracts are compliant with applicable laws.

Establish key performance indicators (KPIs) to measure carrier performance.

Implement a carrier scorecard system to track and compare carrier metrics over time.

Solicit feedback from internal stakeholders and customers regarding carrier service levels.

Develop a contingency plan to handle disruptions with primary carriers.

Diversify the carrier base to mitigate risk of overreliance on a single carrier.

Conduct regular risk assessments to identify potential risks associated with carrier operations.

Utilize Transportation Management Systems (TMS) for better visibility and control over carrier operations.

Leverage data analytics to identify trends and make informed decisions about carrier management.

Ensure cybersecurity measures are in place to protect sensitive transportation data.

Carrier Risk Management Checklist