Cargo insurance for Canadian shippers

by Inside Logistics Online Staff

Insurance broker and consultant NFP announced its Canadian-based offices have formed an exclusive partnership with UK-based Loadsure.

Loadsure will provide instant and on demand cargo and shippers’ coverage to NFP’s Canadian logistics clients shipping cargo globally, including inland transits.

Loadsure is an international insurtech managing general agent and Lloyd’s of London coverholder. The company provides an end-to-end, API-connected digital solution.

Through the Loadsure digital platform, NFP can deploy this solution to retail broker environments or even into insureds’ workflow, enabling them to address risk exposures and protect business sustainability rapidly and cost-effectively.

By partnering with Loadsure’s online platform, NFP’s customers can simply answer a few questions, get a quote, bind and have coverage issued in 40 seconds or less, while having access to Loadsure’s white glove automated claims service.

“Every day, millions of loads are transported under or uninsured,” says Loadsure CEO Johnny McCord.

“This business busting reality only exists because traditional insurance processes can’t keep up with the just-in-time needs of brokers, shippers, and carriers. Additionally, labor-intensive underwriting makes transactional coverage prohibitively expensive. Through AI and automation, we underwrite risk in real-time, providing instant coverage and granular pricing that cuts per-load coverage costs by up to 80 percent.”

NFP has over 800 employees based in Canada, more than 6,000 employees globally, and relationships with highly rated insurers, vendors and financial institutions.