Loadsure launches annual cargo insurance

Insurance MGA Loadsure announced the launch of its new annual cargo product, Cargo Plus.

The new offering is an annualized ocean cargo product that will 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 $10 million in international and $5 million in US domestic conveyance.

“The freight industry is changing fast and needs insurance to match that development. Leveraging our AI-powered dynamic rating model, the launch of Cargo Plus is a significant milestone in the development of Loadsure’s offering. We’re delighted we can offer this state-of-the-art cover that will also empower our assureds – whether manufacturers, distributors, retailers, wholesalers or others – to better understand their risk exposure while providing visibility into business performance.” – Loadsure CEO Johnny McCord.