Booking per-load insurance has historically been time-consuming and frustrating for motor carriers and freight brokers, who’re forced to simply accept cumbersome processes, or expose businesses to risk with inadequate coverage.
Because of a brand new integration between freight insurance specialists Reliance Partners, insurtech pioneers Loadsure and TMS provider McLeod Software, the method has grow to be quick, easy and frictionless. Asset-based motor carriers and freight brokers are actually in a position to obtain A-rated all-risk Shipper’s Interest insurance on a per-load basis, inside the McLeod ecosystem where they book their loads.
When McLeod users activate the “Logix Solution for Cargo Insurance” module, they’ve easy access to the streamlined means of buying supplemental cargo insurance. One click of a button submits order details. Inside seconds, the system presents users with the tailored premium and deductible, complete with terms and conditions. If plans change and the necessity to cancel insurance arises, users can achieve this with just a number of clicks.
“Traditional per-shipment quotes require you to click around several web sites for third party providers and manually type out all of the order details every time, simply to get a quote. Our newest Logix Solution for Cargo Insurance software streamlines your entire means of buying supplemental cargo insurance,” said Ryan Sparrow, DocumentPower Product Manager with McLeod Software.
Users won’t only have access to an out-of-the-box module. They may also lock in rates for every commodity type for further automation and to avoid price fluctuations. They will get arrange with locked-in quotes by contacting Reliance Partners.
“Reliance Partners has been pioneering usage-based insurance products specifically tailored for the freight industry for eight years now. For the past five years, it has been hyperfocused on Shipper’s Interest due to growing need and demand,” said Mark Vickers, Executive Vice President and Head of International Logistics at Reliance Partners.
Shipper’s Interest insurance is vital to shut coverage gaps on shipments where carriers may limit their liability.
“Protecting our clients and their freight comes first at Sunset Transportation. Reliance Partners’ Shipper’s Interest insurance program has enabled us to supply our clients with all-risk coverage on high-value, LTL and even cross-border freight,” McLeod user John Sutton, Director of Corporate Support Sunset Transportation explains.
Jim Heide, co-founder of Loadsure added, “We founded Loadsure to bring data-powered, AI-priced insurance to your entire freight community; protecting supply chain businesses from loss, no matter their size. Our partnership with Reliance empowers McLeod users to buy cargo insurance in under a minute without leaving the TMS ecosystem; eliminating cumbersome processes and delivering helpful peace of mind.”
Motor carrier and freight brokers clients have tested the combination for the past yr and it’s proving to be an efficient solution.
“Since integrating the automated Reliance Partners/Loadsure Shipper’s Interest portal with McLeod, our sales, operations and risk-management teams now work in sync and we now handle potentially higher risk freight with confidence,” Sutton said. “It’s great to see that McLeod, Reliance Partners and Loadsure have come together to create the Logix Solutions module for cargo insurance which you can now activate in PowerBroker and LoadMaster.”
To access per-load insurance, contact Mark Vickers at mark.vickers@reliancepartners.com.
About Reliance Partners
Reliance Partners, founded in 2009, has rapidly grow to be the fastest growing organic insurance agency within the US, witnessing a powerful surge from $95 million in 2018 to almost $500 million in premiums today. Specializing in trucking and logistics, we serve roughly 10,000 motor carriers and 800 freight brokers, supported by a various team representing over 31 nationalities and 25 languages. Our commitment to innovation is clear through our cutting-edge technology disrupting traditional practices and our ambitious goals.
Visit reliancepartners.com
About Loadsure
Loadsure is a global InsurTech Managing General Agent (MGA) and Lloyd’s coverholder, leveraging high resolution data and AI to research risk and supply fully digital insurance, insight and freight protection products, through an intuitive software platform. Loadsure can integrate seamlessly into insurance intermediary workflows, embeds into freight industry TMSs and cargo boards, and could be accessed directly via web portal. There, insurance certificates could be secured in under 60 seconds, with claims resolved in minutes. That is holistic freight protection.
Visit loadsure.net
About McLeod Software
Firms who work with McLeod Software® gain a comprehensive transportation management solution to make sure they’re running their businesses and managing capability in essentially the most efficient and effective ways possible. McLeod Software is the leading provider of ERP software for trucking, trucking brokerage and 3PL corporations. Our integrated ERP solution includes financial management and accounting, dispatch operations, EDI, driver and HOS management, outside carrier management, business process automation, and document management, all specifically developed for trucking. We help our customers take their operations to the following level and improve their profitability while enabling growth.
Visit mcleodsoftware.com
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