Brokers

Shippers may hold freight brokers, who negotiate transportation contracts on behalf of shippers, liable should cargo be lost or damaged in transit. To guard against this potential, freight brokers carry contingent cargo insurance to insure them against these claims. Loadsure can help them with this.

With Loadsure, brokers can:

  • Cover risk with automated or one-click ease
  • Reduce, and even eliminate, annual covers, potentially cutting insurance costs by 5x or more
  • Accelerate claims resolution from days, and even week to minutes
  • Gain near-instant access to funds
  • Protect freight with an A-rated security

Shippers

Legally, all carriers must carry a minimum amount of insurance, known as carrier liability.  But this minimum amount may not cover the actual value of the freight being shipped.  Therefore, shippers can request cargo insurance to protect their goods from loss, damage, or theft while in transit. Generally, goods are insured while being stored and while in transit, until they reach the buyer.  Loadsure offers this exact coverage for shippers.

With Loadsure, shippers can:

  • Secure automated or one-click wrap-around, all-risk cargo insurance
  • Potentially slash their cargo insurance costs by 5x or more
  • Do away with expensive annual covers, purchasing per-load insurance to get just the coverage they need, and only when they need it
  • File claims quickly and easily
  • Accelerate claims settlements from weeks or months to just minutes—putting you back on solid financial footing, faster
  • Get full value on their settlement, not pennies on the dollar
  • Gain near-instant access to funds
  • Eliminate the risk exposure that comes from relying on motor carrier cargo insurance alone

Carriers

Carriers are required to have a minimum amount of liability insurance to legally haul loads.  Currently that amount is $750,000.  Loadsure can help with this.  In addition, carriers may need to purchase additional one-time trip insurance, sometimes referred to as spike insurance, to cover a load when their minimum coverage isn’t enough.  Loadsure can help with this too!

With Loadsure, carriers can:

  • Instantly broaden insurance coverage for high-value loads and excluded commodities
  • Potentially cut insurance costs by 5x or more, protecting their margins
  • Reduce or eliminate the need for an annual cover
  • Manage risk in a single click or automate their coverage, empowering them to spend less time securing freight and more time moving it
  • Protect their business with an A-rated security
  • Settle claims in minutes rather than days, or even weeks
  • Gain near-instant access to funds

 

To learn more about the services that Loadsure offers, click HERE to watch this short video.