Loadsure to provide “market leading coverage” with new Motor Truck Cargo Insurance
Insurtech managing general agent (MGA), Loadsure has launched a Motor Truck Cargo Insurance product powered by data and purpose-built for the logistics community.
Named Columbia™- Motor Truck Cargo and Logistics Services Insurance, Loadsure’s new product aims to provide market leading coverage, protecting motor carriers, freight brokers, and freight forwarders against damage to cargo.
In addition to the main insurance agreement, it will also include business personal property, contingent coverage, contractual penalties, debris removal, extra expense, freight charges and shipping containers.
By harnessing data and digital technology, Columbia™ will empower wholesale insurance brokers to efficiently quote and secure coverage through dynamic quote, bind and policy generation, the insurtech stated.
Brokers will have access to quick and easy digital quoting alongside fair, sustainable pricing through data-powered, risk specific underwriting, dynamic document generation and data transparency.
Loadsure CEO and founder Johnny McCord said: “Columbia™ is yet another example of the importance of data-driven solutions in moving insurance forward and closing the protection gap among SMEs in the cargo and freight space.
“Backed by our industry leading expertise, Columbia™ will empower brokers to better serve cargo outfits seeking long-term partnerships and the solutions needed to support their businesses.”
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