Loadsure has announced the release of the industry’s first API solution for international, per-shipment cargo insurance and immediate access to coverage through the Loadsure platform. Now, those moving U.S. freight are empowered to secure up to $2M all-risk international coverage—no matter the mode—while also simplifying and accelerating claims.
“We all know that international cargo carries higher risk,” says Loadsure CEO, Johnny McCord. “The complex networks and multiple hands compound risk while global uncertainty multiplies it. Yet, 90% of these shipments are still under or uninsured—which creates unsustainable losses. Unfortunately, there hasn’t been an efficient solution for the industry to purchase international, per-shipment coverage on the fly, until now.”
Powered by AI and automation, Loadsure delivers not only dynamic pricing but products dynamically tailored to meet each shipment’s unique specifications in real-time. Now, shipping industry professionals wanting to evolve paper-heavy processes and embrace digitalization can meet the needs of just-in-time environments for a broad range of commodities, including frozen and chilled produce, alcoholic beverages, over-the-counter pharmaceuticals, and fireworks.
“Historically, per-shipment coverage was only accessible to enterprise shippers via annual covers,” says McCord. “The labor associated with underwriting transactional insurance simply priced out SMBs, forcing many to run uninsured. I believe every shipper should have access to the risk management they need, whether they’re moving one shipment or a thousand.”
Loadsure’s digitalization of the insurance process extends to claims, as well. Offering a white glove claims experience, the platform reduces errors, delivers real-time claims statuses, accelerates claims settlements to days—even minutes—and delivers secure, near-instant payments to support rapid financial recovery.