Loadsure Introduces Innovative Ocean Cargo and Stock Throughput Insurance Covers
Loadsure Introduces Innovative Ocean Cargo and Stock Throughput Insurance Covers
Leading insurtech Loadsure has made a groundbreaking announcement regarding the launch of its cutting-edge digital ocean cargo and stock throughput insurance products, named "Danube - Dynamic Ocean Cargo Insurance" and "Huron."

Loadsure, recognized for its revolutionary user experience, has designed these products to serve as potent tools for brokers. Through these offerings, brokers will be able to swiftly quote cost-effective annual cover to their clients, utilizing historical and real-time data for precise risk pricing.

In a statement, Loadsure described the new releases as a significant leap forward in providing insurance solutions to clients with complex programs. Brokers will now be able to generate quotes within minutes, consolidating various labor-intensive policies into one seamlessly efficient solution. This groundbreaking approach eliminates coverage gaps, streamlines operations, and yields cost savings for insured parties.

Johnny McCord, CEO and Founder of London-based Loadsure, expressed enthusiasm for the release, saying, “We’re very pleased to unveil Danube and Huron. Loadsure was founded to make insurance efficient for the entire supply chain by enabling the middle market. With these new products, we’re empowering insurance brokers to better serve importers, exporters, manufacturers, distributors, and retailers, who need to protect their businesses.”

Key benefits of the products include:

  • Accessible through Loadsure’s user-friendly digital portal
  • Data-powered quotes available within minutes (subject to referral)
  • Dynamic rating model ensures competitive, sustainable pricing
  • Comprehensive all-risk coverage for goods and merchandise in transit or storage facilities
  • Impressive coverage limits of up to $10 million per conveyance
  • Up to $10 million coverage for named storage locations, including protection against catastrophic perils
  • Door-to-door protection from physical loss or damage, encompassing Acts of God, loading damage, flooding, fire, roof collapse, and theft
  • No minimum premium requirement
  • Flexible payment terms available: annual, quarterly, or monthly

Huron, one of the products, specifically focuses on stock throughput insurance, offering comprehensive coverage for goods and merchandise throughout the supply chain.

Loadsure harnesses the power of artificial intelligence and automation to offer a pay-as-you-go digital insurance experience for brokers, shippers, and carriers. Through Loadsure.net and TMS platforms, clients can automate transactional coverage, securing insurance in a remarkable 40 seconds or less, with claims resolved promptly.

Source: Loadsure

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