MyCarrier, a less-than-truckload booking platform launched in 2017, has announced its successive operational win: dynamic, on-demand insurance in partnership with insurtech provider Loadsure. This will benefit shippers, who can receive 110% of product value, and select carriers. Co-founder and President Chris Scheid note, “[e]ven for our small to the mid-market shipper, a single loss can be catastrophic for cash flow and a whole company’s operation.”

Loadsure has a tech and data-forward approach to insurance, offering a significant differentiator to the industry. This includes machine learning to underwrite shipments, an integrated claims process, and an automated workflow to ensure shippers receive a payment within hours. MyCarrier’s carrier network and shippers benefit from this partnership, with more solutions in 2023.

This year’s big focus is expanding our financial services for shippers, including freight audit, dispute, and payment. We uniquely provide a two-sided solution to automate these transactions between the two and quickly resolve any discrepancies.

Sources: https://www.freightwaves.com/news/mycarrier-loadsure-partner-to-reduce-ltl-claims-process-from-weeks-to-hours