Logistic Service Providers
Cost-effective pay-as-you go and annual policies providing all-risk cargo coverage insurance for all your goods and in transit throughout the year. All commodity codes are covered. A great solution for regular high-value shipments.
Covering All Logistic Activity
Regularly transporting high-value consignments? Arranging multiple engine shipments per month? Transporting bulk items such as nacelles and landing gear? Then you should consider an annual cargo coverage policy as a cost-effective solution for mitigating risks and maximizing profit.
Recently insurance providers have adopted minimum premiums and levied rate increases on freight forwarders and logistics providers. Added to this, annual cargo policies covering multiple shipments are often difficult to source, negotiate and purchase.
Flycovrlps streamline and provide access to best-in-class AI-powered Dynamic Cargo Insurance, delivering an annualized cargo product with a pathway toward system integrations and adjustable policy premiums.
What Is It?
All-risk coverage for goods and merchandise in transit – covering all ATA Chapters:
- Up to $10M in international conveyance limits and $5M in domestic conveyance limits.
- No minimum premium.
- Worldwide territory offering.
- Door-to-door protection from physical loss or damage—including General Average, loading, and unloading damage, Acts of God, and civil commotion risks.
Who Can Use it?
Small to mid-sized enterprises with a balanced mix of international and domestic transit exposures:
- Logistics Providers
- Freight Brokers
- Freight Forwarders
- Wholesalers & More
- Preferred commodities include containerized cargo, manufactured products, equipment, and parts.
- Coverage for select, hard-to-place risks available.
- Risks typically outside the Loadsure appetite include inventory and storage, cash & financial instruments, and luxury goods.
- Offers a pathway to integration for adjustable premiums—no reporting necessary.
- Empowers assureds to better understand their risk exposure and provides real-time visibility into business performance.
- Dynamic rating model leverages commodity performance in the transactional space to deliver competitive, sustainable annual premiums.
- Flexible payment terms—annual, quarterly, or monthly.
- Accelerates settlements through an end-to-end automated claims process.
Do I need an Annual Cargo Insurance policy?
This solution won’t be for everyone but if your organisation regularly ships or arranges shipment of high-value consignments such as aircraft engines, nacelles, or landing gear, then this is a great way to minimize loss and maximise profit.
Annual shipment policies are historically expensive and administratively laborious to procure and amend during the term.
flycovr brings you unrivalled solutions that enable your business. Thanks to our partner Loadsure you can now access AI-powered Dynamic Insurance, delivering annualized efficiencies with a pathway toward system integrations and adjustable policy premiums.