Echo Global Logistics, Inc. (Chicago), a provider of technology-enabled transportation and supply chain management services, has introduced EchoInsure+, which it describes as a new, integrated, full-coverage cargo insurance product offered exclusively to Echo clients. Echo describes EchoInsure+, available through a partnership with insurance group Falvey, as an easy way for clients to access best-in-class protection for their LTL shipments through both EchoShip, Echo’s proprietary online shipping platform, as well as Echo representatives.
Doug Waggoner, CEO, Echo Global Logistics.
“We’re very excited to now offer full value shipment insurance for our clients,” comments Doug Waggoner, CEO, Echo Global Logistics. “EchoInsure+ provides the protection our clients deserve at an affordable cost, saving them from financial loss or lengthy claims processes.”
“EchoInsure+ represents an often-requested addition available through our innovative technology, EchoShip, offering unique coverage our clients can rely on,” says Dave Menzel, President and COO, Echo. “As with all of our easy-to-use technology, it is supported by our experts who are available around the clock to meet all of our clients’ transportation needs.”
Smoother Claims Process, Faster Resolutions
Dave Menzel, President and COO, Echo Global Logistics.
Echo lists key benefits of EchoInsure+ as including claims paid in as fast as 10 days, zero deductible up to $10,000, a broad protection plan with fewer exclusions, and full value coverage not limited by specific carrier liability. Without utilizing EchoInsure+, shippers run the risk of assuming financial responsibility past limits set by carriers, facing potential exclusions for loss and damage as a result of external factors or Acts of God, and waiting as long as 120 days for claims resolution, the company says. With EchoInsure+, Echo says it streamlines the process for booking supplemental cargo insurance at the time of load booking, thereby increasing efficiency and, if necessary, providing a smoother claims process with faster resolutions for clients.
Source: Insurance Innovation Reporter
