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Insurtech MGA Loadsure launched Columbia Motor Truck Cargo and Logistics Services Insurance, a data-powered insurance product, purpose-built for the logistics community.
“Columbia is yet another example of the importance of data-driven solutions in moving insurance forward and closing the protection gap among SMEs in the cargo and freight space. Backed by our industry leading expertise, Columbia will empower brokers to better serve cargo outfits seeking long-term partnerships and the solutions needed to support their businesses,” says Loadsure CEO and founder Johnny McCord.
Key takeaways:
- Targeting SME enterprises, Columbia will provide market leading coverage, protecting motor carriers, freight brokers, and freight forwarders against damage to cargo.
- Supplemental coverages in addition to the main insurance agreement include business personal property, contingent coverage, contractual penalties, debris removal, extra expense, freight charges and shipping containers.
- Columbia empowers wholesale insurance brokers to efficiently quote and secure coverage through dynamic quote, bind and policy generation. Brokers will have access to digital quoting alongside fair, sustainable pricing through data-powered, risk-specific underwriting, dynamic document generation and data transparency.
