Truckstop.com, the freight-matching marketplace, and brokerage firm McGriff, Seibels and Williams recently launched CargoShield, a cost-effective insurance solution designed to reduce load liability and provide standardized coverage to the transportation industry. CargoShield is underwritten by Roanoke Underwriting, and covers a transportation firm’s customers’ goods with some of the broadest terms available.
“Across the industry, you won’t find an insurance product quite like CargoShield,” Truckstop.com CEO Paris Cole said, “it’s is very affordable and insures the goods from pickup to delivery.” CargoShield allows people that move freight to do just that and feel confident that not only is their customer’s freight safe, but their business relationship is too.
Moreover, the all-risk CargoShield policy offers the freight industry some of the broadest forms of insurance – covering everything from Acts of God to loss of control, unattended vehicles and many other perils. Essentially, it covers all risks of physical loss or damage from any external cause subject to the policy terms and conditions. The terms, conditions, and exclusions are available at GoCargoshield.com.
“With CargoShield, brokers, shippers, and carriers are able to secure protection regardless of underlying motor carrier cargo coverage,” said Brett McGinnis of McGriff Seibels and Williams. “It’s a way to provide peace-of-mind while also protecting your customers’ freight and your own profit and loss statements.”
CargoShield is also one of the most cost-effective risk management tools on the market, providing coverage for up to $100,000 in load value. The product is backed by Roanoke Underwriting’s Claims Services, professional claims adjusters who work with insureds to settle a covered loss as quickly as possible so that they can get back to their core competency – moving freight.
Roanoke Underwriting is pleased to be instrumental in helping agents and brokers bring innovative and new solutions to the transportation industry. We specialize in providing insurance and bond solutions to a broad spectrum of supply chain risks including manufacturers, importers, exporters, distributors, and wholesalers. Specialty programs are also available for transportation service companies including customs brokers, freight forwarders, property brokers, 3PLs and warehouse operators, among others. To learn more about our portfolio of products, please contact us at 1.855.213.4545.