ITS Financial Services, along with McGriff, Seibels & Williams and Roanoke Underwriting, announced today the launch of Cargo Insurance.
A cost-effective, transactional “all risks” cargo insurance, Cargo Insurance is designed to reduce load liability and standardize coverage across the transportation industry.
“Across the industry, you won’t find an insurance product quite like Cargo Insurance,” Truckstop.com CEO Paris Cole said. “It is very affordable and insures the goods from pickup to delivery. Cargo Insurance allows people that move freight to do just that, and feel confident that not only is their customer’s freight safe, but their business relationship is too.”
Cargo Insurance offers standardized insurance to the freight industry and removes the necessity to prove carrier negligence or liability coverage. An “all risks” coverage, Cargo Insurance provides the industry’s broadest form of insurance throughout the U.S. and Canada, covering Acts of God, loss of control, unattended vehicle, and many others.
“With Cargo Insurance, brokers, shippers, and carriers are able to provide protection regardless of underlying motor carrier cargo coverage,” said Brett McGinnis, Executive VP of McGriff, Seibels & Williams. “It’s a way to provide peace-of-mind while also protecting your customers’ freight and your own profit and loss statements.”
Cargo Insurance costs just $34 per load, covers loads up to $100,000, and can pay claims in as few as 30 days of receipt of the required claim documentation.