Transportation Tuesday Tip #14: Book high-paying loads using on-demand insurance

In our Transportation Tuesday series, we’re partnering with industry leaders to share tips on how you can improve your business success and growth. This week’s tip is brought to you by Loadsure.

Crates of wine. Chilled berries. A backhoe. Profitable loads are out there for the taking. The problem: On a per-load basis, it can be really hard to find the insurance coverage that shippers require for their commonly excluded commodities—and it’s often expensive and quite slow to secure when you do.

At the end of the day, this obstacle restricts your ability to seize these profitable opportunities.

As anyone in insurance will tell you, there’s no such thing as bad risk, only bad terms and conditions. Unfortunately, traditional approaches to per-load coverage for specialty commodities—unaided by AI, automation and visibility into vast quantities of data—have long been considered too risky and not worth the hassle to underwrite.

Today, things are different.

Smart cargo insurance platforms can instantaneously assess any load and deliver the dynamic pricing and products to match. And, because these platforms eliminate the need for human underwriting, they can deliver instant quotes and reduce the cost of premiums.

This evolution in insurance is opening paths to opportunity that were once closed to many small businesses.

Now, it’s not just the enterprises that can chase this business. With the ability to instantly add coverage for specialty loads, smaller freight brokers and carriers are positioned to seize lucrative spot market opportunities, growing their customer bases.

Protect commonly excluded commodities on the fly.

Loadsure’s smart cargo insurance platform delivers instant quotes and up to $2M in per-load, all-risk coverage in 40 seconds or less—even for hard-to-cover commodities. And, if something does go wrong, Loadsure makes submitting cargo claims a breeze, enabling you to file claims in minutes and settle claims in days, even minutes.

Have a tip to share or want some advice?

If you want to share your own insight and be featured in our next Transportation Tuesday Tip or if you want us to dive deeper into a challenge you’re facing, email us at [email protected].  

About Loadsure’s first-dollar cargo coverage

Powered by AI and automation, Loadsure makes it easy to protect customers from holiday spikes in cargo theft — even when it’s an inside job.

 

With Loadsure, you can:

  • Get instant cargo insurance quotes — up to 80% than traditional coverage
  • Get up to $2M in per-load, all-risk coverage in less than 40 seconds
  • Cover commonly excluded commodities, like chilled beef, alcoholic beverages, and heavy machinery
  • Protect against what carrier liability doesn’t — Acts of God, inside theft, and more
  • Submit claims in minutes
  • Settle claims in days, or even minutes 

 

Deliver value-added service to the customers you care about and grow your business with Loadsure.