×
Available Loads
Opportunity Amount
Loads moved today
Avg. posted rate/mile
Opportunity realized
Avg. paid rate/mile
Flatbed
Van
Reefer
Heavy Haul
Specialized
LTL/Partial
Live Available Loads   |
SALES:   (888) 364-1189

Sidestepping the Hidden Costs of Insurance Claims

Cargo Shield LTL
Photo credit: Rawpixel.com


Cargo insurance claims are, unfortunately, a normal part of business.
No matter how efficient an operation you’re running, human error, accidents, even theft mean risks and claims can never be fully eliminated. Many insurance policies leave brokers wondering how much will be paid out in the event of a claim, and how much it will ultimately cost them when they factor in the loss of revenue-generating resources it takes to reconcile a claim.
According to UPS, there’s an estimated $50 billion dollars lost annually due to cargo loss.
While there are a slew of per-load cargo insurance policies available in the LTL market, coverage is differentiated after a loss, during the claims resolution. Managing cargo claims can be challenging, time-consuming, and costly, both administratively and in terms of successful claims ratios.

Cargo claims can adversely impact productivity and profitability but, perhaps most costly of all, they can damage the relationship with the client. Professional and successful claims management is vital to the health of your organization.

It was with this issue in mind that we created Cargo Insurance LTL. A $34 per-load, “All-Risk” policy that takes the worry and guesswork out of the equation, Cargo Insurance LTL allows brokers to know exactly how much will be paid in the event of the claim. Rather than some murky released value or formula based on freight class, CargoShield LTL relies on the invoice value of the goods, as stated on the BOL, up to $50k.
Cargo Insurance LTL also removes the burden and anxiety of claims processing and management, along with all the resources, skills, and training that go with them. In the event of a claim, the dedicated, professional claims team at Cargo Insurance LTL works with the goal of getting your claim paid in 30 days or less, leaving you to focus on revenue-generating activities.
Not only does Cargo Insurance LTL help you reduce the hidden hassle and costs of cargo insurance claims, the upfront cost is equally as impressive. At just $34 per load, you have the peace-of-mind that comes with knowing your load is covered in the event of theft, Acts of God, unattended vehicle, and more.
Cargo insurance claims may be a normal part of business. But, with the right coverage, your new normal doesn’t have to be costly, time-consuming, or a hassle.
Protect your operations from the unexpected (along with and hidden costs arising with cargo insurance claims). Visit us today

Make money as an owner operator.
5 tips to make more money

With a little planning and easy-to-use technology, you will be growing your business in no time.

Read More
How to negotiate with brokers.
How to negotiate better

A common complaint among carriers is around the struggle of negotiating with brokers. Part 1 of a 3 part series.

Read More
How to Get Your Trucking Authority
Fast Forward LLC

How a husband and wife team went from running a van to operating their own trucking company using Truckstop.com.

Read More
shares