Insurtech MGA Loadsure has introduced Columbia motor truck cargo and logistics services insurance, a new offer purpose-built for the logistics sector.

Targeting SME enterprises, Columbia will provide coverage for protecting motor carriers, freight brokers, and freight forwarders against damage to cargo. Supplemental coverages in addition to the main insurance agreement include business personal property, contingent coverage, contractual penalties, debris removal, extra expense, freight charges and shipping containers.

Harnessing data and digital technology, Loadsure says that Columbia enables wholesale insurance brokers to efficiently quote and secure coverage through dynamic quote, bind and policy generation. It says brokers will have access to quick and easy digital quoting alongside sustainable pricing through data-powered, risk specific underwriting, dynamic document generation and data transparency.

Johnny McCord, CEO and founder at Loadsure, said: “Columbia is yet another example of the importance of data-driven solutions in moving insurance forward and closing the protection gap among SMEs in the cargo and freight space. Columbia will empower brokers to better serve cargo outfits seeking long-term partnerships and the solutions needed to support their businesses.”