Discover how Loadsure stacks up against other types of coverage
Carrier Liability Policy
Shipper’s Interest “all-risk” policy
Loadsure
COST
• Required; not a cargo policy
• Highly variable and expensive
• Dynamically priced to offer the industry’s best rates
EASE AND SPEED
• Average 12 hours via manual broker process
• Average 12 hours via manual broker process
• Domestic and international coverage in 40 seconds or less, accessible anywhere
COVER
• Minimum of $75,000
• Only when goods
are in the care of the
carrier
• Shippers must prove
loss/damage is the
direct result of carrier
negligence
• Extensive defenses
and exclusions for
loss/damage (e.g. Acts
of God)
• Only up to limits set by
the carrier on the bill
of lading
• Policy terms vary
• Offers improved cover
over a MTC liability
policy
• Up to $2M for any single
mode of transport and
$100K for LTL
• Door-to-door
• Pays regardless of the
shipper’s ability to prove
carrier negligence
• Pays for losses outside of
the carrier’s control
• Pays the shipper for the full
value of the lost/damaged
goods
CLAIMS
• Manual process
• On average, settled
within 120 days*
• Manual process
• On average, settled
within 30 days*
• Digital and app-based
process
• On average, paid within days
or even minutes*
DATA
• None
• None
• Advanced analytics for smart
pricing
• Anti-fraud tools
• Risk management
*From time of claim submision to settlement receipt