FOR IMMEDIATE RELEASE
Powered by AI, predictive analytics, and automation, Loadsure’s end-to-end digital platform enables freight brokers to secure all-risk smart coverage in under a minute and accelerate claims
LONDON and RESTON, VA – March 22, 2020 – Loadsure announced today that its per-load cargo insurance solution is now available to freight brokers via the Trucker Tools desktop dashboard. Now, brokers can cost-effectively cover loads in 40 seconds and accelerate shipper claims from an industry average of 120 days to just a few days—even minutes.
“Carrier liability policies are designed to protect the carrier,” says Loadsure CEO, Johnny McCord. “Shippers may think they’re covered, but broad policy exclusions leave them vulnerable and carrier negligence claims only pay pennies on the dollar. Loadsure enables brokers to instantly provide the wrap-around coverage shippers need to protect against risk exposure—while also simplifying and accelerating the claims process. It really is a win-win for everyone, from carriers, to brokers, to shippers.”
Loadsure’s fully digital solution has eliminated the labor intensive costs associated with conventional underwriting and claims processing, enabling the freight industry to rapidly—and cost-effectively—address risk exposure and protect business sustainability. The end result: Per-load coverage savings of as much as 80%, accelerated claims settlements, and near-instant access to funds.
“Freight brokers rely on us to deliver the solutions that will power their efficiency and profitability,” says Trucker Tools founder and chief executive, Prasad Gollapalli. “Loadsure enables us to continue delivering added value to the industry we support, making the task of protecting shippers from loss and strengthening relationships far easier.”
Loadsure, an international Insurtech Managing General Agent (MGA) and Lloyd’s coverholder, leverages automation and machine learning to provide an industry first: pay-as-you-go, all-risk digital insurance for brokers, shippers, and carriers. Through Loadsure.net and leading TMS platforms, transactional coverage can be automated—or secured in less than a minute—with claims resolved in minutes. Visit loadsure.net.
About Trucker Tools
Trucker Tools, based in Reston, Va., is the leading provider of trip planning, shipment visibility, predictive freight matching and automated booking solutions for the transportation industry. Its ground-breaking Smart Capacity® platform uses accurate, real-time data and powerful algorithms to optimally match freight by predicting when and where capacity will become available, days in advance. The company’s popular driver smartphone app has been downloaded by over 1 million owner operators and small-carrier fleets to access information and services conveniently while on the road. Included in the smartphone app is Book It Now®, the industry’s first digital load booking app that automates and streamlines the load search and booking process for drivers and brokers, saving time and money. Trucker Tools load tracking solution is a robust feature in the app that connects drivers with carriers and freight brokers, automating the provision and collection of real-time shipment tracking and eliminating manual check calls. Visit Trucker Tools at www.truckertools.com or contact us directly at: firstname.lastname@example.org.
Meshach Weber, Loadsure LLC, email@example.com
Gary Frantz, Trucker Tools, (925) 594-1434, firstname.lastname@example.org