UPS Capital Insurance Agency expands shipment insurance options
The insurance agenct arm of UPS – UPS Capital Insurance Agency – is making additional shipping insurance coverage options available to small and mid-size companies using AscendTMS, a product of InMotion Global .
“We are offering a better option – a true insurance solution to cover the full value of goods. Our goal in working with AscendTMS is to provide businesses a frictionless, digital way to protect their shipments against loss and damage.” – Mark Robinson, president of UPS Capital.
This customized approach is achieved by giving users four different options based on their preferred deductible. The typical AscendTMS user is booking large loads, with a big percentage of transactions moving via full truck load at higher total values. Until now the only option was to purchase excess liability from the carrier, which can often be more expensive, or from their insurance agent which can take time.
“We have given customers multiple options depending on their risk appetite and the coverage they desire or need. If the carrier has provided them with $100,000 of coverage and they need more, we can now offer options to fill the gap if the load is valued higher.” – Tim Higham, president and CEO of InMotion Global.
This integrated solution enables SMBs to digitally procure insurance on a shipment-by-shipment basis with a few key strokes, paying only for what they need. Users can then provide a better post-sales experience knowing they are dealing with a true insurance partner that focuses on paying claims.
The AcsendTMS customer can obtain a quote, review the terms and conditions of coverage and get coverage confirmation through the TMS software.
Insurance coverage is underwritten by an authorized insurance company and issued through licensed insurance producers affiliated with UPS Capital Insurance Agency and other affiliated insurance agencies.