Truckstop.com Offers Breakthrough LTL Cargo Insurance Coverage

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Sep 19, 2017, 08:40 ET

NEW PLYMOUTH, Idaho, Sept. 19, 2017 /PRNewswire/ -- Truckstop.com, providers of trusted transportation solutions, today introduced a less-than-truckload (LTL) option for its CargoShield insurance product. CargoShield provides transactional, shipper's interest cargo coverage, protecting freight from origin to destination for $12 per load.

"We're excited to bring this service to the industry, as we have heard from our customers that there's a real need for a more economical LTL cargo insurance policy," said Paris Cole, Truckstop.com CEO. "That this policy provides 'shipper's interest' coverage and is not supplemental or contingent insurance makes it an even greater value to our customers."

The LTL option will pay claims based upon the invoice value of goods, as stated on the Bill of Lading, instead of released value or freight class formula, which would typically pay a claim at a fraction of the load value. For $12 per load, policy holders receive $50,000 in coverage. Additionally, the "All-Risk" coverage offers one of the broadest coverage terms in the industry, covering "Acts of God," theft, unattended vehicle, and more.

"Our LTL option is very competitive. We're seeing others in the industry charging over $80 for just $20k of coverage," said Cole. "We have a dedicated policy team processing claims in 30 days or less, which means no chasing after carriers or paperwork. It's designed to empower the freight community to focus their efforts on revenue-generating activities, not problems or busywork."

CargoShield is also available as an integration, allowing customers to cover loads without leaving their TMS or other software platform. To learn more, contact a Truckstop.com integration specialist.

About Truckstop.com
Truckstop.com is the industry's most trusted load board and largest freight marketplace. With a host of technology solutions across the freight lifecycle, Truckstop.com helps carriers, brokers, and shippers grow their bottom line, make better decisions, and forge lasting connections with fellow freight professionals. Truckstop.com offers qualified capacity solutions, transportation management software, load tracking, powerful rate comparison tools, integrated data solutions, a payment platform, insurance products, and more. The company is recognized as a leading resource for freight data and trends, informing outlets like BB&T and Bloomberg Financial.

P.O Box 99
New Plymouth, ID 83655
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