Loadsure, an insurtech managing general agent, has announced the launch of a new smart annual cargo product, Cargo Plus. The new offering is an annualized ocean cargo product that combines the financial convenience of a pay-as-you-go policy with the assurance provided by annualized cover, Loadsure said. Cargo Plus will be offered globally and include all-risk coverage for goods and merchandise in transit, with limits of up to $10 million for international and $5 million for US domestic conveyance.
There will be no minimum premium required for Cargo Plus, Loadsure said. It will also offer a pathway to integration for adjustable premiums with no reporting necessary, as well as flexible payment terms.