• Redwood Logistics, Loadsure partner to provide cargo insurance

    The new platform aims to fill a cargo insurance gap within the supply chain industry, simplifying the insurance shopping process and giving users immediate access to coverage.
    Nov. 4, 2020
    2 min read
    Photo: Marchello74/Dreamstime
    Cargo Trucks Highway Marchello74 Dreamstime 5fa17d61ec8ad

    Redwood Logistics is partnering with Loadsure, an on-demand, all-risk cargo load insurance platform on an end-to-end digital insurance solution, powered by automation and machine learning, which can be made available to shippers through RedwoodConnect, Redwood’s flagship supply chain integration platform-as-a-service (iPaaS) platform.

    Loadsure provides per-load insurance for shippers and carriers to cost-effectively manage their risk exposure with a single click, as well as resolve claims settlement within minutes.

    “Redwood manages over $3.5 billion in Freight Under Management and this partnership provides a great opportunity to help our customers protect and ensure that valuable freight cargo inside the Redwood platform,” said David Rowe, COO of Redwood Logistics. “Enabling our RedwoodConnect users to have access to the Loadsure product is yet another illustration on how we are using latest technologies and machine learning to deliver new and innovative solutions to our customers’ supply chains.”

    RedwoodConnect connects disparate supply chain technologies, providing users with streamlined processes, easier workflows and data sharing among their teams. The addition of Loadsure to the platform gives users access to accurate, affordable, wrap-around coverage to better manage risk exposure. The platform fills a cargo insurance gap within the supply chain industry, simplifying the insurance shopping process and giving users immediate access to coverage.

    “Millions of uninsured and underinsured loads are transported across North America every day, representing a huge liability and threat to a company’s cash flow,” said Johnny McCord, founder and CEO of Loadsure. “In the face of massive economic disruption, we’re excited to partner with Redwood in helping thousands of shippers mitigate the risk exposure that’s inherent in carrier liability policies—all through their user-friendly technology platform.”

    Voice your opinion!

    To join the conversation, and become an exclusive member of FleetOwner, create an account today!

    Sign up for our free eNewsletters

    Latest from Operations

    American Association of State Highway and Transportation Officials
    interstate highways plan 1947
    What do you know about the roads that make trucking possible? Test your U.S. Interstate System knowledge in this FleetOwner Fleets Explained quiz.
    Patton Logistics Group
    Patton Logistics Group includes Watsontown Trucking (No. 248 on the FleetOwner 500: For-Hire list), Patton Warehousing, and Patton Logistics.
    FleetOwner 500 for-hire carrier adds dozens of trucks, hundreds of trailers, maintenance facilities, and much more warehousing real estate and potential for its Patton Logistics...
    ID 24517292 © Dreammasterphotographer | Dreamstime.com
    continuity during an outage concept
    Do you have a business continuity plan in place? Every hour counts in trucking. Being prepared for disaster recovery can be the difference between keeping customers and losing...