What:
Loadsure has announced the launch of its smart annual cargo product, Cargo Plus.
Why:
This cover will empower manufacturers, distributors, retailers, wholesalers or others to better understand their risk exposure while providing visibility into business performance.
How:
- Leveraging an AI-powered dynamic rating model, the new annualized ocean cargo product is expected to deliver the financial convenience of a pay-as-you-go policy with the assurance that annual cover provides.
- Cargo Plus will be offered worldwide and include all-risk coverage for goods and merchandise in transit, with limits of up to $10M in international and $5M in US domestic conveyance.
- Critically, for SMBs who struggle to access cost-effective coverage, there will be no minimum premium required for Cargo Plus.
- It will also offer a pathway to integration for adjustable premiums with no reporting necessary and offer flexible payment terms.