Forwarders transporting sensitive goods, such as flowers and pharmaceuticals, are now able to access a new combined tracking and insurance solution. This package is designed to provide financial protection against specific shipping challenges, according to The Loadstar.
The new offering includes fixed payouts for qualifying delays, alongside comprehensive coverage for losses that are specifically linked to temperature fluctuations. This aims to mitigate risks associated with time-sensitive and temperature-controlled cargo, The Loadstar reported.
TRACinSURED is the name of this new product, which integrates shipment monitoring capabilities with insurance provisions into a single subscription service. The Loadstar indicated that this streamlines the process for forwarders.
The initiative is a collaboration between airfreight wholesaler Solent Freight Services, technology provider Tag-N-Trac, and insurance specialist Otonomi. These entities have partnered to bring this combined solution to the market, as stated by The Loadstar.
