Whatever you may think of the company, Amazon’s growth as a delivery service is nothing short of amazing. Amazon has grown to be the fourth-largest U.S. delivery service over the past decade and that growth has no sign of slowing.
Amazon’s last-mile delivery network is delivering 3.5 billion packages globally as of 2019, contracting out 800 third-part courier companies and employing over 90,000 commercial delivery freight drivers to ensure that its packages meet deadlines. The hidden story in these figures is that each of these drivers requires insurance to ensure that they are properly covered in the event of catastrophic property loss or bodily injury during the delivery process.
With the holidays quickly approaching, it’s prime time for logistics companies looking to deliver goods for online retailers like Amazon. Much like their clients, many logistics operations rely on Q4 deliveries to make the majority of their profits, so it’s even more important for them to have all their ducks in a row when it comes to insuring every vehicle and driver in their fleets in time.
In order to be properly covered by insurance while working for Amazon as either a delivery van operator or a typical freight truck driver, you will need what is called Registry Monitoring Insurance Services. This insurance provides compliance monitoring for transportation, property management, and more.
What Is RMIS?
RMIS is a risk management information system or registry monitoring insurance services. These services insure the carrier and the supplier, from the Amazon warehouse to the local distribution facility to the local delivery vans from any significant loss during the shipping process.
By utilizing RMIS, drivers get access to a wide network of brokers that utilize the system to filter out potential liabilities during the freight selection process. By utilizing RMIS, brokers can quickly onboard approved carriers and grow their network of carriers with a confidence level that was previously unthinkable.
In short – RMIS allows both brokers and carriers to track the status of individual packages that may have gone under the radar under previous management services.
Where Can I Get RMIS Coverage?
Amazon isn’t seeing any decrease in orders in the near future. In fact, the conglomerate expects to increase its physical footprint by over 50% over the next couple of years with fulfillment centers and warehouse buyouts.
Amazon may not represent the full future of freight and delivery services, but in the near future it certainly represents a high value carrier for freight companies and drivers looking for an entry into the industry.
That means more providers needing to provide RMIS coverage for prospective drivers, or even just individual drivers needing Amazon delivery insurance coverage for their routes while working for Amazon fulfillment. For drivers operating out of San Diego, S.W.A.N. Insurance can provide the necessary insurance for the coverage you need to be a part of Amazon’s now vast network of providers.
Whether you’re looking for more local insurance providers or you’re tired of the hassle that comes with getting coverage under national providers, S.W.A.N. insurance will make sure that you are compliant with Amazon’s fleet regulations. Though Amazon is technically a national provider, their regulations are subject to constant change in terms of insurance as their company transitions to a more delivery-oriented model, so your best bet is to switch to a customer-oriented model that can quickly and efficiently adapt to whatever new policies Amazon’s Fleet needs in the immediate future.