DAT and Loadsure bring fast, affordable all-risk per-load insurance to the industry’s largest spot truckload freight network
POLICIES AND PRICING ARE DYNAMICALLY MATCHED TO THE INDIVIDUAL LOAD AND AVAILABLE IN 40 SECONDS; CLAIMS CAN BE AUTOMATICALLY FILED AND PROCESSED IN MINUTES
PORTLAND, Ore., September 9, 2021 — DAT Freight & Analytics today announced that Loadsure, the pay-as-you-go, all-risk digital insurance solution, is now available to brokers, shippers and motor carriers on the DAT network, the industry’s largest marketplace for spot truckload freight.
This partnership provides DAT customers with a fully integrated and seamless way to add or expand coverage, making it easier than ever to insure a load in seconds directly from DAT’s load boards, making it easier than ever to protect your business.
Loadsure harnesses the power of AI and automation to provide affordable, all-risk, single-trip cargo insurance with pricing dynamically matched to each load, reducing costs up to 80 per cent. DAT customers can manage claims directly from within their DAT desktop dashboard, custom integration or third-party transportation management system.
Loadsure underwrites risk in real-time, enabling carriers, brokers and shippers to secure the industry’s best per-load cargo insurance coverage in 40 seconds or less. This all-risk solution covers commodities and losses not normally covered by a carrier liability policy – like copper and heavy machinery, inside thefts and Acts of God. When unavoidable losses do occur, Loadsure’s automated process allows claims to be resolved faster – sometimes in minutes.
Johnny McCord, Loadsure Founder and CEO, said: “Underinsurance is a crisis in the U.S., where up to 80 per cent of loads are underinsured or uninsured. This is because traditional insurers are unable to keep up with the pace of today’s freight market. By leveraging AI, we dynamically match each policy to the load, providing coverage in seconds while reducing costs up to 80%. With Loadsure, DAT customers can cover loads quickly, cost-effectively and with confidence that their cargo and business are protected.”
Greg Hastings, DAT Vice President, Strategy Execution, said: “We partnered with Loadsure because we are committed to supporting our customers with all aspects of their business, well beyond booking a load or finding a rate. While more loads are posted on the DAT network than anywhere else, customers look to DAT for support that goes beyond booking a load or finding a rate. Loadsure’s technology, expertise in per-load insurance and commitment to the financial resiliency of brokers, shippers and carriers make it an ideal partner for DAT.”
Hear from DAT Vice President of Strategy Execution, Greg Hastings, and Loadsure CEO, Johnny McCord, about how AI and automation are changing the industry in their fireside chat.
Loadsure, an international Insurtech Managing General Agent (MGA) and Lloyd’s coverholder, leverages AI and automation to provide an industry first: pay-as-you-go, all-risk digital insurance for brokers, shippers and carriers. Through Loadsure.net and leading TMS platforms, transactional coverage can be automated—or secured in less than 40 seconds—with claims resolved in minutes. Visit loadsure.net.
DAT Freight & Analytics operates the largest truckload freight marketplace in North America. Shippers, transportation brokers, carriers, news organizations and industry analysts rely on DAT for market trends and data insights derived from 249 million freight matches in 2020, and a database of $110 billion of market transactions. Related services include a comprehensive directory of companies with business history, credit, safety, insurance and company reviews; broker transportation management software; authority, fuel tax, mileage, vehicle licensing and registration services; and carrier onboarding. Founded in 1978, DAT is a wholly owned subsidiary of Roper Technologies (NYSE:ROP), a diversified technology company and constituent of the S&P 500, Fortune 500 and Russell 1000 indices. Visit dat.com.
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