Loadsure, a data-driven freight insurance solutions provider, has added war and SRCC (Strikes, Riots and Civil Commotions) cargo insurance options to its every shipment product range.
Launched in early April, the insurance is available to brokers, shippers and freight forwarders seeking protection from risks associated with instability and disruption.
The product is designed to address risks not normally covered in standard cargo insurance policies, with limits of up to $20 million for air and sea freight and $2.5 million for war-related risks on land. It is structured to support the assessment and pricing of these risks within a single solution.
Automated workflows enable users to generate quotes and schedule shipments of one or more shipments in a fraction of the time. This approach may be particularly suitable for operations in areas with rapidly changing conditions.
Johnny McCord, CEO and founder of Loadsure, said: “Global supply chains are facing unprecedented pressures from geopolitical changes.”
“Our mission has always been to meet the current state of the industry and deliver the agility and data-driven insights needed to manage risk in real-time. This new coverage is more than just a product; it is a commitment to ensuring our partners can move cargo with confidence, no matter how the global situation unfolds.”
Ben Brough, Director of Europe at Loadsure, added: “By adding war and SRCC insurance to our suite of on-demand products, we are removing friction from the procurement process for insurance brokers and providing our European and global customers with the high-limit protection they need to keep trade safe.”
